{"id":106114,"date":"2020-11-05T18:11:56","date_gmt":"2020-11-05T15:11:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ny-times-sees-gains-as-subscriber-base-tops-7-million\/"},"modified":"2020-11-05T18:11:56","modified_gmt":"2020-11-05T15:11:56","slug":"ny-times-sees-gains-as-subscriber-base-tops-7-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ny-times-sees-gains-as-subscriber-base-tops-7-million\/","title":{"rendered":"#NY Times sees gains as subscriber base tops 7 million"},"content":{"rendered":"

“#NY Times sees gains as subscriber base tops 7 million<\/strong>”<\/p>\n

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\"The
\n The New York Times reported higher profits in the past quarter as it boosted the number of paid digital subscribers
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The New York Times said Thursday profits rose in the past quarter, lifted by gains in paying digital readers, as its total subscript<\/a>ion base topped seven million.<\/p>\n

The prestigious US daily said net profit rose to $35.5 million in the third quarter, more than double the level from a year earlier, while revenues rose 13 percent to $301 million.<\/p>\n

The Times said that revenue from digital subscribers in the quarter\u2014which rose to some six million\u2014was for the first time higher than that from print subscribers.<\/p>\n

“For the second quarter running, total digital revenue exceeded print revenue. And for the first time, total digital-only subscription revenue exceeded print subscription revenue, making digital-only subscriptions not just the central engine of the company’s growth,” said Meredith Kopit Levien, who took over earlier this year as president and chief executive officer.<\/p>\n

“We ended the quarter with approximately 6.9 million total subscriptions, and crossed the seven million mark in the month of October, an increase of two million digital-only subscriptions over the last year and 393,000 over the last quarter.”<\/p>\n

The Times has seen gains in readership in recent years as it has bolstered its news<\/a>room to cover President Donald Trump’s administration and the coronavirus pandemic while expanding its footprint.<\/p>\n

“The news cycle certainly played a role, but as we are increasingly seeing with each passing quarter, so too did the breadth of our coverage and our improving ability to mean more to more people,” Levien said.<\/p>\n

“The continued demand for quality, original, independent journalism across a range of topics makes us even more optimistic about the size of the total market for digital journalism subscriptions and our position in it.”\n <\/p>\n\n

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NYTimes wins new digital subscribers as ad revenue craters\n <\/p><\/div>\n

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\n \u00a9 2020 AFP<\/p>\n

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Citation<\/strong>:
\n NY Times sees gains as subscriber base tops 7 million (2020, November 5)
\n retrieved 6 November 2020
\n from https:\/\/techxplore.com\/news\/2020-11-ny-gains-subscriber-base-tops.html<\/p>\n

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