New York Times swings to profit as digital subscriptions rise

[DonViejo]

Wed May 3, 2017 | 8:49am EDT

The New York Times Co (NYT.N) swung to a quarterly profit from a loss a year earlier, as the newspaper publisher benefited from higher digital subscriptions that offset falling print sales.

Net income attributable to the company was $13.2 million or 8 cents per share in the first quarter of 2017, compared with a loss of $8.3 million or 5 cents per share, a year earlier.

"We added an astonishing 308,000 net digital news subscriptions, making Q1 the single best quarter for subscriber growth in our history," Chief Executive Mark Thompson said in a statement.

Revenue rose 5.1 percent to $398.8 million.

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http://www.reuters.com/article/us-new-york-times-results-idUSKBN17Z1E0?il=0

[malthaussen]

1. And then they hire Bret Stephens.

Win some, lose some.

-- Mal

[femmocrat]

2. I bought a digital subscription right after the election.

I'm not sorry I did. Our local papers are abysmal. Yes, I disagree with Bret Stephens, but I also disapprove of MSNBC hiring a bunch of right wingers. Sometimes you have to take what you can get and be discriminating.