Digital revenue exceeds print for 1st time for New York Times Company - News Summed Up

Digital revenue exceeds print for 1st time for New York Times Company


As much of its staff worked remotely, The Times brought in $185.5 million in revenue for digital subscriptions and ads during the second quarter of 2020, the company announced on Wednesday. The company added 669,000 net new digital subscribers, making the second quarter its biggest ever for subscription growth. The Times has 6.5 million total subscriptions, a figure that includes 5.7 million digital-only subscriptions, putting it on a course to achieve its stated goal of 10 million subscriptions by 2025. At the Times Co., ad revenue fell 32% in the digital part of the business and 55% in print compared with the equivalent period last year. ©2020 The New York Times Company


Source: bd News24 August 05, 2020 14:26 UTC



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