New York Times reports 2 years of declining print and digital ad revenues

ZD Net ^ | August 1, 2013 | Tom Foremski

[NoCmpromiz]

The New York Times Company [$NYT] reported second quarter 2013 earnings 48% below last year's quarter due to severance and other "special" items but digital paid subscriptions rose 40%.

Despite rising numbers of readers and paid subscriptions, the company continues to struggle as advertising revenues continued to fall again— 6% in this quarter. This is the eighth sequential quarter of declining print and digital advertising revenues.

"Print and digital advertising revenues decreased…

[GeronL]

Bezos is an Obama supporter, 88% of his donations went to Democrats

[vette6387]

“Don’t think the Graham family bailing hasn’t instilled fear in the Sulzbergers.”

Yeah, I am waiting for the Sultberger “trust babies” to beat the living $h!T out of Pinch when their checks stop coming. Who knows, maybe Carlos Slim will put out a hit on Pinch and save him the family disgrace.

[NoCmpromiz]

instilled fear in the Sulzbergers

So then Pinch would be feeling the... pinch ;-)

[rbg81]

They will let themselves go out of business first. I’m convinced of it. Just like “Newsweak”.

[marktwain]

“They will let themselves go out of business first. I’m convinced of it. Just like “Newsweak”.”

Yes, they have their principle, after all: The “progressive” agenda trumps the profit motive, morals, ethics, any human decency, everything.

[zeugma]

Paid subscribers: It’s not hard to increase subscribers by 40% when there were only 20 to start with.

[GATOR NAVY]

For a few months after they tightened their firewall I had to search an external link to access a NYTimes story without paying after my 10 free articles a month. But a few weeks ago they loosened the firewall such that I can read all I want by occasionally closing my browser or otherwise deleting my cookies. They must have realized their tougher policy had backfired.

Same thing with the local McClatchy rag here. Lots of fanfare about how everything was going behind a paywall and there would be no access without a subscription, blah, blah, blah. I kept waiting to hit my ten articles a month limit-it never happened.