People walk past the New York Times Building in New York August 14, 2013. New York Times Co spokeswoman Eileen Murphy said the company thinks the cause of the outage was related to a scheduled maintenance update, which occurred... Acquire Licensing Rights Read moreNov 8 (Reuters) - New York Times Co (NYT.N) beat estimates for quarterly revenue on Wednesday, benefiting from increasing advertising spend and more subscribers converting to higher-priced bundles. The company reported revenue of $598.3 million for the third quarter, above analysts' average estimate of $589.4 million, according to LSEG data. Subscription revenue grew 9.4% to $418.6 million in the three months to September, above estimates, as introductory promotional prices graduated to higher prices for many customers. Advertising revenue increased 6% year-over-year to $117.1 million, exceeding market expectations as well.

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Persons: Eileen Murphy, Arsheeya, Maju Samuel Organizations: New York Times, New York Times Co, Times, Meta, Thomson Locations: New York, Bengaluru