The New York Times Company said it added digital subscribers and slowed declines in print and digital advertising revenues during the fourth quarter of 2013, a year of transition for the newspaper publisher.
For all of 2013, revenue from digital-only subscriptions, a primary growth engine for the company, increased to about $149 million, or 36 percent over the prior year, excluding the effect of an additional week, for accounting purposes, in 2012. In the fourth quarter, the Times Company added 33,000 digital subscribers, for a total of 760,000.
“Our 2013 results reflect progress in some of the fundamentals of our business,” Mark Thompson, the company’s chief executive, said in a statement. He called the company’s advertising numbers “the best quarterly performance in more than three years.”
Read the rest at Times Co. Reports Digital Subscriber Increase, but Continued Ad Declines – NYTimes.com.
