The New York Times Company Posts a $15.7 Million Profit

The New York Times Company announced this morning that all you people who said newspapers were dead and the paywall would fail can go to hell. Okay, the company actually reported that it posted a $15.7 million profit for the third quarter, supported by an increase in digital subscribers and circulation.

The paper now has 324,000 subscribers — up from 281,000 at the end of Q2 — who are using some form of the digital offering, and total circulation grew by a little over three percent.

Janet Robinson, President and CEO of the company, said, “These results highlight the strength of the Times brand and its ability to further monetize its world-class news, analysis and commentary.”

Great news for the best paper in the world.