NEW YORK (AP) _ The New York Times Co. (NYT) on Wednesday reported first-quarter earnings of $41.1 million.

On a per-share basis, the New York-based company said it had net income of 24 cents. Earnings, adjusted for non-recurring costs, came to 26 cents per share.

The newspaper publisher posted revenue of $473 million in the period.

New York Times shares have declined 13% since the beginning of the year. The stock has risen 38% in the last 12 months.

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