NEW YORK (AP) — The New York Times Co. reported a sharp decline in its first-quarter earnings on Thursday mainly because businesses it sold last year were not included in the latest results.

The company earned $3.1 million, or 2 cents per share, in the January-March period. That’s down 93 percent from $42.1 million, or 28 cents per share, in the same period a year ago.

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