The (Not Failing) New York Times — Mine Safety Disclosures
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The (Not Failing) New York Times — Mine Safety Disclosures
In 2016, NY Times spent $30m to acquire Wirecutter. It's shaping up to be a good acquisition - revenue now topis $50m.
The (Not Failing) New York Times — Mine Safety Disclosures
Thanks to a new licensing agreement, Facebook now pays NYT directly for content.
The (Not Failing) New York Times — Mine Safety Disclosures
Today, subscription drives 73% of revenue.
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
Avg New York Times reporter salary = $104,000
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
The Times has taken their print profits - and reinvested heavily - and wisely in their core offering: journalism.
The (Not Failing) New York Times — Mine Safety Disclosures
By 2020, the New York Times turned things around.