BY RUSSELL ADAMS

New York Times Co. reported a 12% decline in fourth-quarter profit as continuing weakness in print advertising at the flagship newspaper and poor results at About.com overshadowed growth in digital advertising and subscription revenues at the flagship newspaper.

Times Co. said total advertising revenue at its newspapers, which include the New York Times and Boston Globe, fell 5.3% to $334 million in the fourth quarter from a year earlier. Online ad revenue at the newspapers grew in the mid-single digits and the New York Times added another 66,000 digital subscribers, but a 7.8% decline in revenue from the more-costly print ...