Digital Revenue and Cost Control Boost The New York Times' Third-Quarter Profit
In The New York Times Company's (NYSE: NYT) third quarter of 2017, surging digital subscriptions and healthy digital advertising revenue continued to lift the newspaper's top and bottom lines. Yet a tight grip on costs also helped deliver sharply higher profits during the quarter:
Data source: The New York Times Company. *Difference too great for meaningful year-over-year comparison.
Total subscription revenue improved to $246.6 million, a 13.6% increase, which was paced by a 46.3% rise in digital-only subscription revenue, to $85.7 million.
Source: Fool.com
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