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New York Times' profit falls as it makes strides in digital ads

Published Wed, Feb 4, 2015 · 09:50 PM
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New York

THE New York Times Co said its annual operating profit declined in 2014 because of investments in digital journalism and severance costs from a round of job reductions. Revenue was flat as growth in digital advertising and circulation offset declines in its print business.

Last year, the compa…

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