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…
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By Marisa Demarco
— I was part of The Line panel on “New Mexico In Focus” yesterday, and the topic of balancing the needs of funders against editorial integrity came up. The discussion moves pretty quickly on this KNME program, and I had a lot to say on the subject that I didn’t manage to interject, despite what I suspect will be a few humorous attempts. (The show airs tonight at 7 p.m. and Sunday morning at 7 a.m.)
Here’s background on the story, as told in an article by Jane Mayer that appeared in The New Yorker:
A documentary called Park Avenue: Money, Power and the American Dream was slated to run in the fall on PBS affiliate WNET in New York. The film, about the growing wage gap in the country, focuses on an apartment building that houses the wealthiest people in New York.
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