New York Times Reports Q1 Profit, Digital Ad Revenues Now 26% Of Total

After significantly scaling down costs, The New York Times Company this morning announced upbeat Q1 2010 results, reporting a profit and growing digital advertising sales.
NYT’s operating profit grew more than fivefold in the first quarter of 2010, to $83.3 million compared with $16.4 million in the first quarter of 2009. Total revenues were down 3.2% in Q1, to $587.9 million from $607.1 million in the same period last year.

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