New York Times confirms 109,000 new digital-only subscribers

By mcpherrin mcpherrin

The New York Times has confirmed 109,000 new digital-only subscribers after showing a strong second quarter of 2018.

The US-based company revealed that its revenue from digital subscriptions surged to $99mn during the second quarter.

The revenue was said to have increased 2% to $415mn with the firm reporting a profit of $24mn in total.

The figures showed a jump of almost 20% in contrast to the same period the year before.

In a press release, the company’s chief executive Mark Thompson said: “Subscription revenues accounted for nearly two-thirds of the company’s revenues, a trend we expect to continue.”

“We continue to believe that there is significant runway to expand that base substantially.”

See more:

The firm expects its total subscription revenue to continue to expand.

Mr Thompson said: “We’re also pleased with our progress in driving international subscriptions, especially in markets like Australia and the U.K., where we’re making coordinated efforts with journalism, opinion and new marketing tactics.”

Out if the 3.8mn subscribers the media firm has 2.9mn are digital-only consumers.

The New York Times company anticipates a 10% rise in digital advertising forecasted for the next quarter.


Featured Articles

Top 10 wealthiest billionaires in the US

Business Chief provides a rundown of the top 10 richest billionaires in the US based on the most recent Forbes 400 list, which is published every year

Top 10 easiest countries in the world to do business

Business Chief takes a look at the top 10 places in the world to do business, according to TMF Group's Global Business Complexity Index (GBCI) for 2023

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Corporate Finance

Four priorities for new Twitter CEO Linda Yaccarino

Leadership & Strategy

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy