“Financially, we’re heading for one of our best years, maybe the best year, since the 1990s. Even the New York Times, which has enjoyed a boom in digital subscriptions since March, has experienced a dent in profitability. Overall, digital subscriptions have increased by a fifth so far this year to 208,000 while print subscriptions have fallen by 6 per cent to 144,000. Sir Michael suggested he work closely with Klarna, the Swedish “buy-now, pay-later” start-up that is now Europe’s most valuable private fintech. Mr Wolodarski said Klarna’s frictionless payment solution had been “instrumental in our big growth”, with pure digital subscriptions now contributing SKr200m in revenues.

Source: The Irish Times September 29, 2020 07:18 UTC