Briefing
covid-19 media/telecom

New York Times Subscriptions Surge, Ad Revenue Plummets

By
Wendy Pollack
· · Source: The Information

The New York Times Co.‘s first quarter earnings report on Wednesday underscored the particular risks and opportunities of news organizations during the coronavirus pandemic. The company recorded its largest-ever increase in digital subscriptions in the first quarter as readers devoured news about the crisis, boosting overall revenue slightly. But advertising revenue fell sharply as the economy...

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