Shares of The New York Times Company plunged as much as 20% on Wednesday after the publisher said it expects total advertising revenue to fall next quarter. The newspaper publisher reported second quarter results on Wednesday that beat expectations for earnings per share but fell short of revenue estimates. The New York Times also said it added 197,000 new digital-only subscribers during the period, bringing the publication's total subscriber base to 4.7 million.
Shares of The New York Times Company plunged as much as 20% on Wednesday after the publisher said it expects total advertising revenue to fall next quarter. The newspaper publisher reported second quarter results on Wednesday that beat expectations for earnings per share but fell short of revenue estimates. The New York Times also said it added 197,000 new digital-only subscribers during the period, bringing the publication's total subscriber base to 4.7 million.
Bad times starts for nytimes as it always publish wrong and news without facts.FakeNews