New York Times tops 4 million in total subscribers

More than three million paid digital-only subscribers

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The New York Times Company announced on 1 November 2018 that it has surpassed 4 million subscriptions in total – from a figure of 3.8 million total subscriptions reported in August 2018. Its digital subscribers have now surpassed the 3 million mark with the net addition of 203,000 in the third quarter of 2018. However, not all of these additional digital subscribers are for news – with 60,000 subscriptions added for the company’s cooking and crossword features that are sold separately.

The gain in Q3 of 2018 is the largest increase in digital subscriptions in any quarter since the so-called Trump bump in the last quarter of 2016 and the first quarter of 2017 at the peak of the last US presidential election cycle. Trump won his 4-year term in November 2016 and was inaugurated as the president in January 2017.

The company has continued to be profitable with net income at US$ 23.6 million (approximately Rs. 170 crore), which represents a drop from Q3 of 2017 when its net income included a one-time gain from the sale of a dam owned by a paper mill in which the company is an investor. However, operating profits have risen by 10% to US$ 41.63 million in Q3 of 2018 in comparison to Q3 2017. Revenue has benefitted this year with the NY Times company’s renovation and leasing out four floors of its building near Times Square.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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