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Adjusted operating profit moved up to $56.5 million from $44.1 million. The increases are attributable to higher digital-only subscription revenues.
The New York Times covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, it serves as one of the country's newspapers of record.
In March 2011, Amazon announced that subscriptions to The New York Times through its Kindle e-readers would grant access to nytimes.com, followed by the Barnes & Noble Nook in April. In March 2023, Amazon ceased sales on newspaper subscriptions through Kindle Newsstand and canceled existing subscriptions in September.
Under Thompson's leadership, The New York Times became the first news organization in the world to pass the one million digital-only subscription mark. As of May 2020, the company surpassed 5 million digital-only subscriptions, and 6 million total subscriptions, accounting for nearly sixty per cent of the company's revenue. [50]
The New York Times Company (NYT) has been diversifying business, adding new revenue streams, realigning cost structure and streamlining operations to increase efficiencies. Subscription...
The New York Times Company's (NYT) third-quarter 2021 results reflect higher subscription revenues. Management now projects fourth-quarter total subscription revenues to increase about 12%.
The New York Times Company is an American mass-media company that publishes The New York Times, its associated publications, and other media properties. Its headquarters are in Manhattan, New York City.
(Reuters) -The New York Times Co raised its full-year forecast for adjusted operating profit on Wednesday, a sign that the media organization's plan of bundling subscriptions was helping...
The New York Times Games is part of a concerted effort by The New York Times to raise its digital subscription as its print-based sales dwindle. Since its launch, games have become one of the main revenue drivers for The New York Times. As of 2023, The New York Times Games has "over one million" subscribers.
The New York Times Company's (NYT) digital advertising revenues decrease during fourth-quarter 2019. Management now expects digital advertising to return to growth by the second half of...