NY Times sees progress in digital news

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NEW YORK CITY: The New York Times Co. said on Thursday (Friday in Manila) it narrowed its losses from the same period a year ago, while touting progress in its transition to a digital news operation. The prestigious daily reported a loss of $12.5 million in the third quarter, compared with a deficit of $24.2 million a year earlier, while revenues edged up one percent to $206.7 million. The newspaper group said it added 44,000 net new digital subscribers, up 20 percent year-over-year.

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