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The New York Times – Starting to Make Money

The New York Times - Starting to Make Money

The main stream media have continued to see their readers leave in waves while the number of media sources that the average person uses, increases. People do not watch TV nor do they read or trust the major newspapers. The New York Times is an example of an old main stream media service that the public is walking away from as  it seems to be caught in a far left world of fantasy. Most of the youth that read now are looking at free speech outlets that have diversity of thought and ideas. 

The New York Times said it made a profit in the final three months of 2018, turning a profit of $55.1 million, compared to a year earlier when the paper lost $55.8 million. Revenues were higher with digital advertisement up 23 percent year-over-year. The Times continued to focus on the newsroom, when other papers just gave up. Over the past quarter, the paper added 265,000 digital subscribers – the largest number since the first quarter of 2017. 

The Times is looking for 10 million subscribers by 2025. Note that Donald Trump has been good for newspapers in the US, as some of the failing organizations have attacked the President daily, which has given them a boost in readership as the “news” have become more of a daily entertainment platform. CNN, The New York Times and other organizations have followed this model, talking about the President all day and night.

Team Classiarius 

Classiarius

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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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