(Reuters) – The New York Times Co missed analysts’ estimates for quarterly revenue on Wednesday as brands cut back on ad spending against the backdrop of a looming recession.
The company’s total revenue rose 7.6% to $547.7 million in the third quarter, compared with estimates of $548.6 million, according to Refinitiv data.
(Reporting by Eva Mathews in Bengaluru; Editing by Shounak Dasgupta)
