This headline is totally misleading. What has happened is the income from subscriptions and online paywalls now totals more than ad revenue. It’s actually a sign of the newspaper’s continued decline. They lost $88 million. Subscriptions and reader revenue would have to rise by $300 million to over $500 million for the newspaper to break even. So, NO, readers are NOT supporting the times. They are nowhere near supporting the times. And it will continue to deteriorate as ad revenue continues to fall.
We basically said the same thing.And I agree with your numbers.