New York Times Earnings Report: The Paywall Is Working
The New York Times reported a third-quarter profit of $15.7 million, up from a $4 million third-quarter loss in 2010, and announced subscriber numbers for its “digital subscription service” aka paywall.
Several factors contributed to the profit. First of all, while the company saw revenues fall by 3.1 percent, including a nearly 9 percent drop in ad revenue, the company also was able to reduce expenses by 3.4 percent, for a healthy operating profit of $33 million.
Payments
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