As Digital Subscriptions Grow, Profits Level Off for New York Times and Financial Times
A curious phenomenon is happening in the digital subscription world, particularly for newspapers. The Financial Times and The New York Times both reported a growth in digital subscriptions this year, but both also saw some plateaus in profits. Specifically, in 2013, FT’s digital subscribers have grown to a little shy of 400,000, making up 2/3rds of their entire circulation. Yet, revenues were up only 4% in 2012, and there doesn’t look like there will be much growth…
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