© Reuters. FILE PHOTO: The New York Times building is seen in Manhattan, New York, U.S., August 3, 2020. REUTERS/Shannon Stapleton
(Reuters) – The New York Times Co missed analysts’ estimates for quarterly revenue on Wednesday as brands cut back on ad spending against the backdrop of a looming recession.
The company’s total revenue rose 7.6% to $547.7 million in the third quarter, compared with estimates of $548.6 million, according to Refinitiv data.
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