NEW YORK (AP) — NEW YORK (AP) — The New York Times Co. (NYT) on Wednesday reported profit of $40.4 million in its first quarter.

On a per-share basis, the New York-based company said it had profit of 24 cents. Earnings, adjusted for amortization costs and severance costs, were 31 cents per share.

The newspaper publisher posted revenue of $594 million in the period.

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