Over all, the company reported total revenue of $399 million for the quarter, up 5 percent compared with the first quarter of 2016. Advertisement Continue reading the main story“Print advertising remained tough,” Mark Thompson, the chief executive of The Times, said during an earnings call on Wednesday. Adjusted operating costs increased to $346 million, from $328 million, which the company attributed to higher marketing costs and costs from acquired companies. Adjusted operating profit increased slightly to $53 million, from $52 million in the first quarter last year. Digital advertising revenue represented 38 percent of the company’s total advertising revenue, compared with 30 percent in the first quarter last year.

Source: New York Times May 03, 2017 12:31 UTC