The New York Times maintains it will face a significant challenge when comparing third quarter results to the same period last year because rapid growth in 2018 has set a high hurdle for 2019.
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Shares of The New York Times Tank of Digital Advertising Outlook
The trading price of The New York Times shares dropped 20% after the company announced that it expects third-quarter digital advertising revenues to decline in the high single-digit percentage range on a year-over-year basis. So reports Markets Insider.