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Net profit for the quarter slid 34 percent from a year ago to $16.4 million, while total revenues rose 2.7 percent to $429 million.
But while the Times increased revenue from its subscriber base, ad revenues were down for both print and digital.
Overall ad revenue declined 6.7 percent from a year ago, including a 7.9 percent from print and 5.4 percent drop in digital.
"Like other publishers, we're seeing continued turbulence in the digital advertising space," said Mark Thompson, president and chief executive officer of the New York Times Co.