BtoB

'New York Times' gains more than 100,000 paid digital subscribers

Published on .

Reprints Reprints

New York—The New York Times Co. said its metered digital pay wall for The New York Times yielded more than 100,000 paid subscribers in its first three weeks. In a press release, the company said, “Early indicators are encouraging.”

The company reported that its operating profit fell to $31.1 million in the first quarter compared to $52.7 million in the year-earlier period. Revenues decreased 3.6% to $566.5 million in the quarter, down from $587.9 million. The company said its advertising revenue fell 4.4%, while digital ad revenue increased 4.5% but print ad revenue dropped 7.5%.

In this article:
Most Popular