The New York Times stocks fell by 7 percent to $29.61 in early trading on Wednesday after the company reported third-quarter declines in advertising.
According to a report by the NY Times, the media company reported that advertising revenue for print is down 9.7 percent compared to the third quarter of 2018 and down 17.2 percent for digital ads. Third-quarter digital advertising this year decreased 5.4 percent, while print advertising dropped 7.9 percent.
