Canadian Publishing Industry News
6 November 2020, NEW YORK, NY,
Online subscriptions surpass print at New York Times
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The newspaper also reported that revenues from subscriptions grew 12.6% to $301 million, even as ad revenues dropped by 30% to $79 million in the quarter.
A similar pattern is expected for the fourth quarter, as digital subs will rise by 35% while ad sales slip by 30%.
The Times now claims 6.5 million total subscribers, including 5.7 million digital-only ones, and is well on its way to achieving its goals of 10 million subscribers by 2025.
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Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
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