The New York Times reported increased profits at the end of 2012, boosted by asset sales and digital revenues, but new chief Mark Thompson warned that the advertising environment “remained challenging”.
The group reported net income for the fourth quarter of $176.9m, or $1.14 a share, up from $58.9m, or 39¢ a share, a year earlier. The results were boosted by the sale of information website About.com.
Read the rest at New York Times reports increased profits as digital revenues rise | Media | guardian.co.uk.
