Arab Today, arab today new york times swings to loss as ad revenue slips
Last Updated : GMT 00:15:33
Arab Today, arab today
Arab Today, arab today

New York Times swings to loss as ad revenue slips

Arab Today, arab today

Arab Today, arab today New York Times swings to loss as ad revenue slips

The New York Times Co
New York - AFP

The New York Times Co. on Thursday reported a $14.3 million loss in the first quarter, hit by a drop in advertising revenues and one-time pension settlement costs.

The publisher of the prestigious US daily said advertising revenues fell almost six percent, as gains in digital ads failed to offset a steep decline in print ad revenues.

Overall revenues fell 1.6 percent from a year ago to $384 million, despite a modest uptick in circulation income, mainly from digital subscriptions.

The results show slow progress in the effort by the news organization to maintain its financial footing as it seeks to transition to online news.

Circulation revenue from digital-only subscription products rose 14.4 percent from a year ago, and digital advertising grew 10.7 percent. But print advertising, which makes up a large share of Times' revenue, fell 11.1 percent.

"We got off to a solid start in early 2015, as our company maintained its digital momentum," said Mark Thompson , president and chief executive officer.

"We increased our digital subscriber count by 47,000 in the first quarter, more than in any quarter over the past two years, bringing us to a total of 957,000 paid digital subscribers. The strong digital consumer growth in the first quarter was largely attributable to improved retention and higher traffic to the website, partially as a result of our recent audience development efforts."

One-time costs was a factor in the loss, which compared with a profit of $1.7 million in the same period a year ago.

The company paid $40.3 million "in connection with a lump-sum payment offer to certain former employees," the Times said in a statement, without offering details.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new york times swings to loss as ad revenue slips Arab Today, arab today new york times swings to loss as ad revenue slips

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new york times swings to loss as ad revenue slips Arab Today, arab today new york times swings to loss as ad revenue slips

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday