By Tyler Durden | 7 November 2019
ZERO HEDGE — The failing New York Times may not just be a cute nickname anymore.
Stock of the company plunged as much as 7% on Wednesday, finishing the session down about 4%, on news that its revenue from advertising continues to decline.
The company reported this week that ad revenue for its print version is down 9.7% year over year and down 17.2% for its digital version. Print advertising fell 7.9% while digital advertising fell 5.4%. Despite this, the company also reported a jump in subscribers, to 4 million digital-only and 4.9 million total subscribers. […]