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'NYT' Finances Reach High Point

  • Quartz, Thursday, January 2, 2014 8:33 PM
The New York Times ended the year on a high note: "Shares in the [company] climbed above the $16 mark [on Dec. 30] and look poised to end 2013 at their highest levels in more than five years after rising more than 90% since the start of the year," writes John McDuling. That "might seem curious, [though,] given that advertising revenue at the company fell for the 12th straight quarter in October, to its lowest level since 1998."

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