Digital subscriptions up 35% at New York Times & IHT, 70% at Boston Globe
Circulation revenues in the second quarter of 2013 rose 5.1 percent over the same period the year before, a company earnings report says. Advertising revenue fell 5.8 percent over the same period. Overall, revenue was down by .9 percent. The company's operating profit was up 21 percent.
At the company's New England Media Group, which includes The Boston Globe and the Worcester Telegram & Gazette, all revenue was down: circulation revenue fell 2.3 percent, advertising revenue dropped 9.5 percent and other revenue -- which includes printing operations -- was down 14 percent.
The Times Co. is in the process of selling the New England Group.
The New York Times and the International Herald Tribune had about 699,000 subscribers, a 35 percent increase over 2012, and the Boston Globe had about 39,000 digital subscribers, up 70 percent. At the end of last year, the Times Co. reported 668,000 paid digital subscriptions across the company.
Previously: New York Times Co. announces ‘new strategy for growth’ | International Herald Tribune to be renamed International New York Times | NYT company reports 668,000 digital subscribers as of the fourth quarter