NEW YORK (AP) _ The New York Times Co. (NYT) on Wednesday reported second-quarter earnings of $23.7 million.
On a per-share basis, the New York-based company said it had net income of 14 cents. Earnings, adjusted for severance costs, came to 18 cents per share.
The newspaper publisher posted revenue of $403.8 million in the period.
New York Times shares have increased 45% since the beginning of the year. The stock has risen 33% in the last 12 months.
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The Associated Press
