- Associated Press - Thursday, July 22, 2010

GROWTH: The New York Times Co. posted its first quarterly revenue growth since 2007 on Thursday, with a jump in online advertising sales offsetting further declines in print.

THE BAD NEWS: That is not to say the Times Co. or the newspaper industry as a whole is in great shape. Print advertising still accounts for nearly three quarters of the company’s total ad revenue and is still sliding, though at a slower rate than before.

BOTTOM LINE: The company reported an 18 percent drop in net income compared with a year ago, when it recorded a big one-time tax gain. Excluding one-time items, earnings more than doubled to 18 cents per share from 8 cents.

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