NEW YORK (TheStreet) -- Shares of New York Times Co. are up 8.38% to $12.16 on heavy trading volume after the company said it would cut jobs to lower costs and invest the savings in its "digital future" as advertisingarevenue from its print business dwindles, Reuters reports. The company did not specify which departments would be affected by the job cuts, but said it would exclude some critical areas such as digital technology and core products, Reuters added. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.
Why New York Times (nyt) Stock Is Gaining Today
twocents@thestreet.com (Tedd Cohen), The Street
Wed, 10/01/2014 - 7:57am
Topics: york thestreet shares read warren buffett favorite stocks b new york times co nyt buy this highlights nyt ratings report media the the new york times co reuters stocks to buy thestreet quant ratings triple thestreet ratings new york times co buy thestreet ratings team nyt york times co nyt nyt click year company earnings industry profit margin strengths average quarter price digital levels feel ratio analysis areas mixed trading potentially view performance cover prior declining decline identified debt factors learn handful months gross revenue slightly
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