The New York Times Company (NYT) Reports February Revenues

The New York Times Company (NYSE: NYT) announced that in February total Company revenues from continuing operations decreased 2.6% compared with the same month a year ago. Advertising revenues decreased 6.6% and circulation revenues increased 2.4%. The About Group again posted strong advertising growth in the month, up 20.9%.

Advertising revenues for The New York Times Media Group decreased 4.1%. Advertising revenues for the New England Media Group decreased 11.6%. Advertising revenues for the Regional Media Group decreased 15.8%.

The Company expects its results for March will be adversely affected by the timing of Easter. Easter Sunday, which falls in March this year but was in April last year, is traditionally a time of reduced advertising at both The New York Times and The Boston Globe.

The New York Times Company is a diversified media company, including newspapers, Internet businesses, television and radio stations, and investments in paper mills and other investments.[SM]

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