The New York Times Company reported its single biggest increase in digital news subscriptions ever this quarter. The newspaper added 308,000 digital news subscribers, bringing total digital news subscriptions to nearly two million.
The New York Times just posted its biggest digital subscriber growth ever
Yuge news!
Rani Molla was a senior correspondent at Vox and has been focusing her reporting on the future of work. She has covered business and technology for more than a decade — often in charts — including at Bloomberg and the Wall Street Journal.
Last quarter, the NYT also saw yuge growth, thanks largely to the election of President Donald Trump.
“These results show the current strength and future potential of our digital strategy not just to reach a large audience, but also to deliver substantial revenue,” NYT President and CEO Mark Thompson said in the press release.
First-quarter digital advertising revenue grew 19 percent year over year to $49.7 million, or 38 percent of total advertising revenue. Meanwhile, print advertising revenue decreased 18 percent to $80.4 million.
This article originally appeared on Recode.net.
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