NY Times Posts $52 Million 4Q Profit

A nice way to close 2015.

The New York Times closed out 2015 strong by posting a $52 million profit for the fourth quarter. That number marked a 48 percent jump compared to 2014’s 4Q.

The solid gain was supported by continued success in the digital realm. Digital ad revenue was up 11 percent for the quarter, to $70 million. Digital ad revenue now makes up a third of the company’s total advertising revenue.

As for digital subscriptions, the Times also continued to show gains. The paper added 53,000 digital subscribers in 4Q, the most added in a single quarter in three years. The Times now almost 1.1 million digital-only subscribers.