The (Not Failing) New York Times — Mine Safety Disclosures
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The (Not Failing) New York Times — Mine Safety Disclosures
NYT now has 4x more subscribers than they did at their print era peak. Their financials are strong.
The (Not Failing) New York Times — Mine Safety Disclosures
Avg reporter salary = $42,000
The (Not Failing) New York Times — Mine Safety Disclosures
The Daily is one of the most popular - if not the most popular - podcasts in the world. Each episode is downloaded 4M times.
The (Not Failing) New York Times — Mine Safety Disclosures
By 2020, the Times had sold all non-core assets, was debt free, and had drastically reduced its pension & retirement liabilities.
The (Not Failing) New York Times — Mine Safety Disclosures
Avg New York Times reporter salary = $104,000
The (Not Failing) New York Times — Mine Safety Disclosures
By 2020, the New York Times turned things around.
The (Not Failing) New York Times — Mine Safety Disclosures
They upped their social media, audience development, and SEO game
The (Not Failing) New York Times — Mine Safety Disclosures
NYT spends less in content, both in absolute and relative terms, than Spotify and Netflix. NYT owns and distribute sits own content, resulting in a lower cost structure.
The (Not Failing) New York Times — Mine Safety Disclosures
Today, subscription drives 73% of revenue.