The New York Times Co. has posted mixed Q4 earnings, with an EPS of $0.80 surpassing forecasts despite total revenues slightly falling short. The company's focus on digital transformation has led to a substantial increase in digital subscribers, boosting its digital-only revenue significantly. The report also notes the impact of challenges in print advertising and rising costs, yet the increased investments in technology and diversified content offerings are supporting continued growth in digital subscriptions.
The New York Times Co. reported a strong digital growth with 350,000 net new digital-only subscribers added in Q4, showcasing robust subscription expansion.
The quarter highlighted the challenges in print advertising while illustrating the effectiveness of investing in technology and data management for user engagement.
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