New York Times Online Could Save Journalism
In the solid second quarter earnings report from The New York Times yesterday, one of the more noticeable numbers was the 21 percent increase in digital revenue. It made about $50 million in revenue from its “news media” division, which if annualized, comes out to $200 million a year, most of which comes from the NYT’s website.
Business Insider CEO Henry Blodget broke down the report, saying the numbers show that The New York Times will last, but only as a digital company.
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