August 5, 2020

Subscription gains help NY Times weather ad slump

New York (AFP) – The New York Times on Wednesday reported strong gains in its digital subscriptions, helping the newspaper weather a big decline in advertising revenue.The prestigious daily said profit in the second quarter dipped six percent to $23.7 million, while revenues declined 7.5 percent to $404 million.The newspaper added some 669,000 online subscribers in the quarter including 493,000 for its core news product.¬†That brought the number of digital-only subscriptions to 5.7 million and total subscriptions to 6.5 million, putting the newspaper on track to its goal of 10 million subscribe…


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