Date

Wed - 13.12.2017


New York Times shares up on optimistic ad report

New York Times shares up on optimistic ad report

Shares of New York Times Co. was up more than 9 percent Monday, one of the biggest gainers on the New York Stock Exchange, after UBS released a note citing advertising growth at the publication, the Global and Mail reported.

The stock boosted to $8.77, a two-month high, before trading up 63 cents, or 7.9 percent, at $8.65.

According to UBS analyst John Janedis, who gave a "sell" recommendation on the stock, said that the number of ads in the paper is 4 percent ahead of last year so far in October, Editor and Publisher reported.

There was no comment available yet from the New York Times Co.

Author

Erina Lin

Date

2010-10-12 17:43

Shaping the Future of the News Publishing


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