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Fly News Breaks for September 28, 2016
NYT
Sep 28, 2016 | 07:32 EDT
Jefferies analyst John Janedis lowered his New York Times Q3 print advertising growth estimates to down 17% from down 14% after his firm's Ad Lineage tracker indicated that the newspaper's September quarter "finished on a weak note." The analyst expects New York Times' Q3 advertising to come in below guidance, and he sees risk to Q4. Janedis keeps a Hold rating on the shares with a $13 price target.
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