New York Times Co. added 223,000 digital subscribers in the first quarter as the publisher continued to spend aggressively in pursuit of its goal of reaching 10 million total subscriptions by 2025. The Times reported a net income of $30.2 million, or 18 cents a share, for the quarter, up 38% from $21.9 million, or 13 cents a share, in the year-earlier period. Adjusted diluted earnings per share from continuing operations rose to 20 cents from 17 cents.

Source: Wall Street Journal May 08, 2019 17:15 UTC