New York Times Co. Reports Solid Digital Growth as Print Slides

New York Times Co. Reports Solid Digital Growth as Print Slides

New York Times Co. Reports Solid Digital Growth as Print Slidesbr “This was another strong quarter,” Mark Thompson, the chief executive of The Times, said during an earnings call, although he addedbr that the market for print advertising remained “challenging.”br Mr. Thompson praised the “sheer breadth” of journalism at The Times, comparing the company to a “multi-ocean Navy” because of its ability to breakbr and cover international and national news while also dedicating resources to investigations.br The company also added 105,000 net digital-only subscriptions for its news product, helping to push digitalbr subscription revenue to $86 million, a 46 percent increase compared with the same period a year ago.br Company continued its march toward a digital future in the third quarter of 2017, as strong growth in digital advertisingbr and new online subscriptions helped counteract a further collapse in print advertising.br The company said on Wednesday that digital advertising revenue in the quarter rose 11 percent, to $49 million.


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Uploaded: 2017-11-02

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