New York Times
reported 2.4% pro forma growth in advertising revenue for its newspaper group in October, and said it expects to meet the "upper end" of earnings estimates for the full year.
The company said it expects to achieve earnings of $2.05 to $2.10 a share for the year, compared with earnings of $1.78 a share in 1999. A
First Call/Thomson Financial
survey of 13 analysts expect earnings of $2.09 a share.
Including seven newspapers and nine telephone directories sold in the second half of 2000 and the Worcester Telegram & Gazette, which the company acquired in January, advertising revenue rose 3.1% for the month.