The company has made steady progress as an online publisher. Last year, it generated more than $709 million in digital revenue, making it likely The Times will meet a stated goal of $800 million by 2020. The company is seeing positive results at a time when newspapers nationwide have been suffering. Gannett, the publisher of USA Today and 100 other newspapers nationwide, has laid off reporters across the country and is fending off a hostile takeover bid. The company paid $47.5 million in marketing costs during the first quarter, a 50 percent jump over the same period last year.

Source: New York Times May 08, 2019 12:36 UTC