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The New York Times Co. reported today that Q2 net income surged 51.7 percent to $23.6M, driven by a robust growth in its digital subscription business.
It gained 109K digital-only subscribers during the period, which brings the number of digital-only customers to 2.9M of the NYTC’s 3.8M total subscriptions.
CEO Mark Thompson noted that NYTC has retained a large number of subscribers who signed up during heady days of the “Trump Bump” 2016 election and post-election periods.
Subscription revenues account for nearly two-thirds of the NYTC’s $414.6M Q2 revenues.
On the advertising front, revenues declined 9.9 percent to $119.M.Print ads dropped 11.5 percent to $68.2M, while digital dipped 7.5 percent to $51M.
Thompson expects a “return to strong year-to-year growth for third-quarter.”
Lauren Skowronski, director of communications at Snap Inc., has been named senior VP-communications at CNBC.
Trust in the news media has continued to decline among Americans, with skepticism especially growing among younger audiences, according to a recent study.
Amazon may be coming to TikTok’s rescue in the nick of time as the app faces an April 5 deadline to cut ties with its Chinese owner or face a ban in the US, according to the New York Times... Vanity Fair editor Radhika Jones is heading out the door at the Condé Nast title she has headed up since 2017... Newspapers have dodged the bullet as regards the proposed tariffs on newsprint—for now.
Financial Times group chief executive John Ridding is stepping down after close to 20 years in the position... MSNBC hires Scott Matthews as SVP of newsgathering, effective March 17, as the network prepares for life after its connection to NBC News... Gallup has released a report showing that two-thirds of Americans either do not trust the media very much (31 percent) or do not trust it all (36 percent). 
Last week, Jeff Bezos just did something rare in today’s media landscape: he embraced common sense.
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