NY Times Profits Plummet 21 Percent
As usual, the New York Times’ earnings report features both good and bad news (we suppose that pun is intended). While the Times’ digital subscriptions continued to grow, the lack of print ad dollars weighed the paper down. The end result was a 21 percent drop in profits during the second quarter.
The Times added 32,000 digital subscribers during the second quarter, bringing its total to 831,000 — a number that should make staffers proud. Still, total revenue dropped by 0.6
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in