THE RESULTS: The New York Times Co. posted a second-quarter net loss Thursday because of an accounting adjustment it made for the declining value of its smaller newspapers. Adjusted earnings were 14 cents per share, better than expected.
DIGITAL FUTURE: The Times is betting on its digital business for growth as print revenue continues to decline. The company said it had 224,000 digital subscribers at its flagship newspaper at the end of the quarter.
REVENUE STILL DOWN: Revenue from digital advertising across the company’s online properties rose nearly 3 percent to $84.6 million. Including print, ad revenue fell 4 percent and total revenue fell 2 percent to $577 million.