Thanks to Trump New York Times Out Performing Expectations

NYT's growth story continues

Tom Kludt reports: Digital subscription growth continues to serve as the engine powering The New York Times Company, as evidenced by these better-than-expected earnings posted on Wednesday. The Times reported net income of $30.2 million, beating analysts' expectations and outpacing the $22 million in net income it posted a year ago.

The newspaper continues to benefit from a growing digital sub base. In the first three months of 2019, the Times added 223,000 digital-only subscriptions, bringing the total number of subscribers to 4.5 million. It marks the third straight quarter that the Times has added more than 200,000 digital subscriptions. Moreover, digital ad revenue rose 18.9% to nearly $56 million in Q1. More...


Source CNN


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