Earnings: NYT Tops 7.5 Million Subscriptions as Ads Decline, News Corp Posts Record Quarter

By Christine Zosche 

The New York Times set a record for its subscription business in 2020, a year when a pandemic, social unrest and a bitterly contested presidential race made headlines, the company said in an earnings report on Thursday. (NYT)

In the fourth quarter, the Times added 627,000 net new digital subscriptions compared with 393,000 in the third, the company said. Of those, 425,000 signed up to the paper’s core news offering and 202,000 for lower-cost digital products such as its cooking and crossword apps. (WSJ)

News Corp on Thursday recorded its most profitable quarter since it spun off its publishing assets into a separate company from its TV assets more than seven years ago. (New York Post)