NYT circulation revenue up 7%, digital subscriptions up 45%, print advertising down 13.3%
by Curtis Lee Fulton
The New York Times says its circulation revenue grew 6.5% and digital subscriptions grew to 708,000 for a 45% gain from the beginning of the second quarter of 2012. Print advertising revenue dropped 13.3%.
Total revenues for the paper dropped 2% down to $465.9 million. Advertising took the biggest hit, with a decrease of 11.2%. Print advertising dropped the most, with a 13.3% slide. Digital advertising dropped 4%. Total advertising revenues from digital were 24.3% for the first quarter of 2013 as compared to 22.5% for the first quarter of 2012.