New York Times (NYT +3%) shares rise after Citi raises its rating to buy, expressing cautious...

|About: New York Times Co. (NYT)|By:, SA News Editor

New York Times (NYT +3%) shares rise after Citi raises its rating to buy, expressing cautious optimism about the company's paywall plan. While the plan has risks, the number of paid customers "required to offset lost advertising revenue [from readers who will not pay to read the site] is surprisingly low." The move from print to tablets will be "manageable," Citi says.