Davos 2020, New York Times Co, Donald Trump, Earnings, Entertainment, Publishing

Davos 2020, New York Times Co

The New York Times, which Trump often derides as 'failing,' says 2019 was a record year for digital growth

The New York Times doubled its annual digital revenue to $800 million in four years and said it had record digital growth in 2019.

24.1.2020

The New York Times CEO Mark Thompson talked digital disruption and the future of the newspaper industry with SaraEisen. Davos2020

The New York Times doubled its annual digital revenue to $800 million in four years and said it had record digital growth in 2019.

investor release on Tuesday that 2019 was a record year for digital growth. The New York Times said it added 1 million net digital subscriptions in 2019, which is its highest annual growth for that figure since the company launched its digital model in 2011. It now has 5 million total subscriptions, according to the company. The company doubled its annual digital revenue to $800 million in four years, one year ahead of its original goal to do so. "The total includes 3.4 million core news subscriptions, more than 300,000 to NYT Cooking and 600,000 to NYT Crossword, as well as nearly 900,000 print subscriptions," the company explained. The circumstances facing The New York Times Company when CEO and President Mark Thompson took over in November 2012 were bleak. Quarterly advertising revenue had fallen 9% and net income was down over 80% year over year. Since then, The New York Times stock has more than tripled in value, according to data compiled by FactSet. Thompson told CNBC in June of last year that the company continues to grow thanks to an emphasis on quality journalism and a commitment to digital readers. "Our model is a very simple model which is we should invest in great content," Thompson told CNBC at the time. "The future of journalism is make more journalism ... and then figure out smart ways to put that in front of people and asking them to support that journalism." It's just one example of how companies can succeed in the digital media industry, which has seen turmoil in recent years. Newsrooms around the globe have been forced to cut staff or shut down entirely in an increasingly competitive market for readers and ad dollars. The New York Times Company will release its full fourth-quarter and full-year 2019 earnings on Feb. 6. -- CNBC's Joe Andrews contributed to this report. VIDEO Read more: CNBC

SaraEisen Why did NYT quash this story and why is CNBC not reporting or asking CEO questions about it?

The New York Times Editorial Board Unconventionally Endorsed Both Elizabeth Warren and Amy KlobucharThe New York Times Editorial Board Endorsed Both Elizabeth Warren and Amy Klobuchar

New York Times: EPA to finalize rule that removes protections for streams and wetlandsEnvironmental groups, which have vowed to bring legal challenges against the rule, fear the changes would protect fewer small waterways and could result in more pollution into drinking water, harm people's health and have economic effects. Why do republicans hate clean air and clean water so much? They’re destroying our country and people aren’t paying attention bc we have a fool as potus who cares about profit over ppl no person should be taken advantage of by ANY law you dimwits.

New York on track to ban cashless stores and restaurantsNew York is on track to ban cashless businesses after the city council voted to join San Francisco and Philadelphia in requiring brick-and-mortar stores to accept cash. This is tricky. Money is legal tender for all debts, so on one hand they really have to accept it. On the other hand, do they have the right to determine how they run their businesses? I feel it boils down to why they're not accepting cash--crime or customer discrimination? Why can the government force a business to accept or not accept cash? Should be the business's choice. Old school style... Cash is king...

Cashless stores and restaurants banned in New York CityThe New York City Council voted to ban cashless businesses Thursday. Under the new law, stores and restaurants must take cash payments or face a $1,000 fine. They meed to enforce this here in Aus! US Post Office should offer debit cards It's an armed robbers wet dream

Blue Jacket Fashion Show to Be Held Feb. 5 in New YorkMen’s cancer awareness will be brought to the forefront during New York Fashion Week: Men's.

New York City To Require Businesses To Accept CashThe city council is expected to pass a bill aiming to protect New Yorkers who don't have bank accounts. As long as their names and Social Security Numbers are reported you irs But, they're actually not protecting them. Because cash is most vulnerable to theft, loss and catastrophe. Poor and homeless currently have access to debit cards and, in many cases, cell phones. If they want to help, they should make it easier for everyone to ditch cash. Time for US Postal Savings again.



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