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☆ New York Times Co. Adds 300,000 Digital Subscribers in Quarter
  + stars: | 2024-02-07 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com   time to read: +1 min
The New York Times Company added 300,000 paid digital subscribers in the fourth quarter of 2023, the company said on Wednesday, helping to push annual revenue for digital subscriptions above $1 billion for the first time. The Times reported total revenue of $676.2 million in the last three months of the year, essentially flat compared with a year earlier. Adjusted operating profit increased 8.5 percent, to $154 million. It was “a strong year for The Times that showcased the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world,” Meredith Kopit Levien, the company’s president and chief executive, said in a statement. The company has focused in recent years on pushing a bundle of products to subscribers: its core news report as well as games like Wordle and Spelling Bee; its product review site, Wirecutter; a recipe app; and The Athletic, its sports news website.
Persons: ” Meredith Kopit Levien Organizations: New York Times Company, The Times, Athletic
☆ The Times Added 190,000 Subscribers Last Quarter
  + stars: | 2023-05-10 | by ( Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
The New York Times Company on Wednesday said it added 190,000 digital subscribers last quarter, driven partly by subscriptions to a bundle of products that includes The Athletic sports site, bringing the company’s total digital subscriber base to nine million. Adjusted operating profit was $54 million, a drop of 11 percent from a year earlier, as the new subscription revenue was offset by higher operating costs and lower advertising revenue. “In the first quarter, we made steady progress on our essential subscription strategy, with clear signs of substantial runway ahead,” Meredith Kopit Levien, chief executive of The Times, said in a statement. Over the last decade, The Times has tried to offset declines in its print business — which is profitable but fading — with new revenue from digital subscribers. In recent years, the company has honed that strategy by offering readers a bundle of online utilities including a cooking app, the Wirecutter online shopping service, games like Wordle and The Athletic, pitching itself to subscribers as a guide to the wider world.
☆ New York Times journalists will stage historic 24-hour strike after management and union fail to reach deal
  + stars: | 2022-12-07 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +5 min
An executive at The Times, who requested anonymity to speak candidly, acknowledged to CNN on Wednesday that the work stoppage would certainly create difficulties. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. And we need productive negotiations to get to a deal.”Susan DeCarava, president of the NewsGuild of New York, said in response, “Union democracy is crucial to union power. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.
☆ New York Times journalists stage historic 24-hour strike after management and union fail to reach deal
  + stars: | 2022-12-07 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +6 min
Stacy Cowley holds a sign outside the New York Times building in Manhattan, New York, U.S., December 8, 2022. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. New York Times reporter Nikole Hannah-Jones speaks outside the Times' office, Thursday, Dec. 8, 2022, in New York. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.
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