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New York Times Sees Q1 Subscription Revenues In Low To Mid-single Digits Growth

New York Times Co. (NYT) said that it expects total subscription revenues for the first quarter of 2019 to increase in the low to mid-single digits compared with the first quarter of 2018, with digital-only subscription revenue expected to increase in the mid-teens.

Total advertising revenues in the first quarter of 2019 are expected to decrease in the low to mid-single digits compared with the first quarter of 2018, with digital advertising revenue expected to increase in the mid-teens.

Other revenues in the first quarter of 2019 are expected to increase approximately 50 percent compared with the first quarter of 2018.

The company Board declared a $0.05 dividend per share on the Company's Class A and Class B common stock, an increase of $0.01 from the previous quarter. The dividend is payable on April 18, 2019, to shareholders of record as of the close of business on April 3, 2019.

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