NYT?s Q1 Earnings: Digital Advertising Grows 4.5%, 100,000+ Paid Digital Subscribers

The New York Times Company this morning reported Q1 2011 earnings per share of $.04, compared with $.08 in the same period of 2010. Total revenues decreased 3.6 percent to $566.5 million from $587.9 million. The publisher's operating profit came in at $31.1 million for the quarter, compared with $52.7 million in the same period of 2010. Approximately three weeks after the global launch of its digital subscription packages, NYT reports paid digital subscribers have surpassed 100,000, although it cautions that it does not yet have visibility into conversion and retention rates for these paying customers after the initial promotional period.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/hRywFjrJweg/

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