New York Times digital subscriptions grew 19% in 2013
The number of digital subscriptions to New York Times Company products grew from 640,000 at the end of 2012 to 760,000 at the end of 2013, a gain of nearly 19 percent. Revenue from circulation was up about 4 percent over the previous year, the company's year-end earnings report says.
Print advertising revenue was down 7 percent for the year, and digital advertising fell a little more than 4 percent over 2012. Over all, advertising revenue was down a little more than 6 percent.
Other revenue, which the company says includes "news services/syndication, digital archives, rental income and conferences/events," dropped 2.5 percent.
In the fourth quarter of 2013, circulation revenue was down about 4 percent and ad revenue was down about 6 percent.
The Times Co. sold its New England Media Group in 2013 to Red Sox owner John Henry for approximately $74 million, the release says. That concern published The Boston Globe and the Worcester Telegram & Gazette. Under CEO Mark Thompson, who started in November 2012, the Times Co. has sold assets unrelated to its core businesses.
In April, Times Co. announced plans to introduce additional tiers of access to its digital offerings. It renamed the International Herald Tribune The International New York Times.
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