New York Times earnings: Digital subs up, but not enough to keep revenue from slipping

Gigaom

The New York Times (s NYT)’s digital subscriptions were up in the second quarter of 2013, but not enough to keep overall revenue from slipping a bit, the company announced in its earnings report Thursday.

For the period ending June 30, the NYT’s revenues were $485.4 million, down 0.9 percent from this time last year. Overall circulation revenue was up 5.1 percent, with the company reporting 738,000 digital subscriptions across the New York Times, International Herald Tribune and Boston Globe. But advertising revenue fell by 5.8 percent and other revenues fell by 9.7 percent.

Digital subscriptions contributed $38.3 million to the company’s bottom line for the quarter. Here’s the breakdown by property:

  • New York Times and International Herald Tribune: 699,000 digital subs, up 35 percent compared to last year.
  • Boston Globe: 39,000 digital subs, up 70 percent compared to last year.

Both print and digital…

View original post 133 more words

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