New York Times' Digital Push Gains Momentum, Shares Jump
By Yahoo.com,May 03, 2017
(Reuters) - The New York Times Co <NYT.N> reported its biggest quarterly revenue growth in six years, beating Wall Street estimates, as digital subscriptions surged amid a media storm triggered by the U.S. presidential election.
The newspaper publisher's shares rose as much as 12 percent on Wednesday.
The company added 308,000 net digital news subscriptions in the quarter, topping the previous quarter's tally of 276,000.