The New York Times Company now has more than three million
paid digital-only subscribers and more than four million total, the company reported on
Nov. 1.
The company hit those marks in the third
quarter of 2018, when the number of its digital subscribers showed a net
increase of roughly 203,000, according to the paper.
That was the highest gain in digital
subscribers in a quarter since the so-called Trump bump in the fourth quarter
of 2016 and the first quarter of 2017 after the presidential election, the
paper says.
Of the 203,000 rise in digital subscribers,
143,000 signed on for digital news products, with the remainder paying for the
company’s cooking and crossword offerings.
Net income reached $24.9 million, a 23 percent
drop from 2017 when the publisher realized a one-time gain from the sale of a
dam owned by a closed paper mill, the paper said.
Revenue from digital subscriptions rose to
$101.2 million in the quarter, an 18 percent increase from the same period in
2017. Online advertising was up 17 percent to $57.8 million, the paper said.
Posts
No comments:
Post a Comment