© 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 reported first-quarter revenue on Wednesday that missed analysts’ estimates, hurt by weak digital subscriptions growth at a time when competing online news platforms are trying to lure subscribers.
The company’s total revenue rose 13.6% to $537.4 million in the quarter, compared with estimates of $546 million, according to Refinitiv data.
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