New York Times Co. Reports Solid Digital Growth as Print Slides<br />“This was another strong quarter,” Mark Thompson, the chief executive of The Times, said during an earnings call, although he added<br />that the market for print advertising remained “challenging.”<br />Mr. Thompson praised the “sheer breadth” of journalism at The Times, comparing the company to a “multi-ocean Navy” because of its ability to break<br />and cover international and national news while also dedicating resources to investigations.<br />The company also added 105,000 net digital-only subscriptions for its news product, helping to push digital<br />subscription revenue to $86 million, a 46 percent increase compared with the same period a year ago.<br />Company continued its march toward a digital future in the third quarter of 2017, as strong growth in digital advertising<br />and new online subscriptions helped counteract a further collapse in print advertising.<br />The company said on Wednesday that digital advertising revenue in the quarter rose 11 percent, to $49 million.
