The New York Times Company reported a $14 million net loss for the first quarter of 2016 as it continued to grapple with how to offset falling revenue in print advertising. Digital subscriptions remained a bright spot for the company, showing robust growth.
In its earnings release on Tuesday, the company said it added 67,000 net digital-only subscriptions in the quarter, the most in a quarter since the end of 2012. The Times now has roughly 1.2 million digital-only subscriptions for its news products. Including its crossword product subscriptions, the company counts close to 1.4 million digital-only subscriptions.
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