News Brief

Web Accounts For 8.5% Of Times Co. Revenue

Oct 20, 2006, 6:33 AM
  • Comment
  • Recommend (2)
Subscribe to Online Media Daily

Tags

Online ad revenue is up at The New York Times Co., but not enough to compensate for lost print revenue, the company reported Thursday. Third-quarter online revenue grew to $62.8 million, up from $50.5 million from last year. Web businesses--including About.com, digital archive, NYTimes.com and Boston.com--now account for 8.5% of overall revenue, up from 6.7% one year ago. At About.com, third-quarter revenue increased 29.3% to $18.3 million from $14.2 million, which the company attributed to ad and e-commerce revenue. Operating profit increased to $6.4 million from $3.8 million. But total revenue at the company slid 2.4% to $739.6 million from $757.8 million. Ad revenue company-wide decreased 4.2%, with an even further slide--5.1%--at The New York Times Media Group and the New England Media Group. The subscriber-only premium service, TimesSelect, now has 551,000 subscribers, but about two-thirds--65%--receive the service because they have home delivery.

Be the first to comment on "Web Accounts For 8.5% Of Times Co. Revenue"

Leave a Comment

Sign in to leave a comment. Don't have an account? Join Now

Recent Online Media Daily Articles

>> Online Media Daily Archives