Total revenues were up 2.6%, with advertising revenues up 3.4% and circulation revenues up 2.1%.
The Times said it added more net digital subscribers in the first quarter of 2014 than in any quarter in 2013. The total number of paid digital-only subscribers at the end of the first quarter was about 799,000, an increase of 39,000 compared with the end of the fourth quarter of 2013.
The company said first quarter diluted earnings per share from continuing operations of 2 cents compared with 4 cents in the same period of 2013.
Adjusted diluted earnings per share from continuing operations were 7 cents in the quarter, compared with 8 cents in the first quarter of 2013.
Operating profit was $22.1 million compared with $28.1 million in the same period of 2013, with the company saying the decline was mainly resulting from investments associated with the company's strategic growth initiatives.
Adjusted operating profit was $56.6 million in the first quarter of 2014 compared with $57.1 million in the first quarter a year ago.
TheStreet Ratings team rates NEW YORK TIMES CO as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: