Analyst: NYT Paywall Won't Overcome Print Losses
A Citigroup analyst downgraded the New York Times’ stock from “Buy” to “Neutral,” saying that the loss in print advertising will be greater than any revenue made up from digital subscriptions, the AP reports.
When the New York Times company revealed in its third quarter earnings report that it had 324,000 digital subscribers, that number was hailed as a positive sign (it was, after all, 40,000 more subscribers than it had at the end of the second quarter).
But
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