NY Times Expenses to Rise, Pay Wall Nearly Ready

The New York Times Co NYT forecast higher first-quarter expenses and said February print advertising revenue fell, though print ad trends are improving. It also said that its "pay wall" for the nytimes.com Web site is in its final testing phase and that it would launch shortly. The Times said that first-quarter operating expenses would rise 1 to 2%, mainly because of higher newsprint prices, pension expenses and promotion costs. The company made the announcement on Wednesday ahead of a Morgan Stanley technology and media conference. Continue reading the article.