NYT Beats Digital Subscriber Estimates in First Quarter
The New York Times added 310,000 digital subscribers in the first quarter, beating estimates. Shares rose 5% as news demand and bundled content drove growth.
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NEW YORK TIMES CO-A added 310,000 net digital-only subscribers in the first quarter, surpassing analyst estimates of 270,513. The company reported this data on May 6. Global demand for news remained elevated as readers followed fast-changing political and economic developments.
