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"The New York Times Co. finally has some good news to report.\nThe media company reported earnings per share of $0.07 on revenue of $390 million for the March quarter, coming in ahead of Wall Street estimates for earnings of $0.03 a share and revenue of around $385 million.\nSee also: Despite Paywalls, Newspapers Still Bled Red Ink in 2013\nTotal revenue, up 2.6% year-over-year, was helped by a surprise uptick in advertising sales. The New York Times Co. print and online ad revenue increased by a combined 3.4% year-over-year (or 3.7% and 2.2%, respectively). \nThat marks the first year-over-year increase in ad revenue in more than three years, but doesn't necessarily mean it has turned a corner yet.\n\u201CFor the first time in several years, we saw quarterly growth in both print and digital advertising revenues,\" Mark Thompson, president and CEO of The New York Times Co.. said in a statement. \"However, we are certainly not claiming victory in advertising yet; we expect continued month-to-month volatility and recognize that we will face some significantly tougher year-on-year comparisons as the year goes on.\"\nTo that end, the company projected that ad sales revenue will decline again in the second quarter year-over-year by \"mid-single digits\" as \"year-over-year comparisons become more challenging.\" \nThe New York Times debuted its first native advertising units in the beginning of the quarter. More recently, the company has launched several new digital products including, the NYT Now app and the Upshot news site. It plans to launch an opinion app in June and a cooking app this fall.\nThe company reported having 799,000 digital subscribers at the end of the quarter, an increase of 39,000 subscribers from the previous quarter. \nThe stock was up by more than 2% in early trading Thursday following the earnings report.\n\nNYT data by YCharts"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2014/04/24/nyt-earnings-march-quarter/>