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New York Times beats quarterly revenue estimates
© Reuters. FILE PHOTO: The New York Times building is seen in Manhattan, New York, U.S., August 3, 2020. REUTERS/Shannon Stapleton/File Photo
(Reuters) – New York Times Co reported second-quarter revenue on Tuesday that beat analysts’ estimates as strong demand for its digital bundles of news and lifestyle products countered a weak advertising market.
The company reported revenue of $590.9 million for the second quarter, compared with estimates of $580.5 million, according to Refinitiv data.
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