Nieman Foundation at Harvard
HOME
          
LATEST STORY
A new study looks at the positive things that can happen when journalism and comedy intersect
ABOUT                    SUBSCRIBE
Feb. 2, 2022, 11:12 a.m.
Business Models

At the end of 2016, The New York Times had around 1.6 million digital subscriptions. At the time, then-CEO Mark Thompson said that the company’s “ambition” was to hit 10 million digital subs — that it was “possible.” The 10 million figure was soon set as a goal to reach by 2025.

The Times has gotten there early, though, thanks to its acquisition of sports subscription site The Athletic — and The Athletic’s 1.8 million paid subscriptions — earlier this month. (“Separate and apart from The Athletic, the Company believes it would have reached this target well before 2025 on an organic basis,” per the press release.)

The Times also publicly set a new goal of 15 million digital subscribers by the end of 2027 and “plans to increasingly promote a high-value New York Times bundled digital subscription.” (Will the paid bundle include Wordle, which the Times acquired for over $1 million this week? We’ll see, but uh … enjoy playing for free while you can, maybe.)

Additionally, the Times noted that it had “achieved $2 billion in annual revenue for the first time since 2012.” For a reminder of how much has changed, check out this Nieman Lab piece from the time.

Show tags
 
Join the 60,000 who get the freshest future-of-journalism news in our daily email.
A new study looks at the positive things that can happen when journalism and comedy intersect
“When I asked people ‘Are you journalists?’ they would say no. But if I asked them ‘Is what is what you do journalistic?’ they say yes, of course.”
“We’ve really worked hard not to ever have a pivot at The New York Times”: A.G. Sulzberger on AI, local news, and that Trump bump
“Never get comfortable; always assume that the world is conspiring to take down the industry and that we will have to move heaven and earth to overcome those forces to blaze a path forward for quality journalism.”
Out of the rabbit hole? New research shows people can change their minds about conspiracy theories
A study of 498 Australians and New Zealanders finds “no evidence that individual beliefs in conspiracy theories increased on average over time.”