NY Times breaks subscription record in first quarter of 2017

NY Times breaks subscription record in first quarter of 2017
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The New York Times added more than 300,000 digital subscriptions in the first three months of 2017, the newspaper said Wednesday, higher than in any other quarter in its history.

The company reported 308,000 net digital-only news subscriptions in the first quarter of 2017, as well as a 19 percent spike in digital advertising revenue.

The Times has 2.2 million total digital-only subscriptions, which includes subscriptions to its crossword puzzle.

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The Times recorded a total of $399 million in revenue for the quarter, up 5 percent from the same time last year and resulting in a net income of $13 million. In the same quarter last year, the company reported a net loss of about $14 million.

Print advertising revenue for the publication has declined.

Print ad revenue dropped 18 percent, the Times reported, leading to a 7 percent dive in the quarter's total advertising revenue.