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Digital subscriptions rise but revenues fall for New York Times Co.

The New York Times Co. on Thursday announced a modest profit in a quarter in which digital subscriptions rose but revenues fell, including from online and print advertising. The media company seeking to manage a shift to digital readership reported net income for the third quarter of $2.28 million, a…

New York Times to sell 16 regional papers

NEW YORK (Reuters) – The New York Times Co is nearing a sale of 16 regional newspapers spread across the Southeast and California to Halifax Media Holdings, it said on Monday. The possible sale, news of which comes just days after New York Times Co announced the sudden retirement of…