The New York Times’ digital revenue surpassed its print revenue for the second quarter of 2020 for the first time in history, though ad revenue took another year-over-year drop as the coronavirus pandemic continued.The Times added 669,000 net new digital subscribers during the quarter, according to Wednesday morning’s earnings release from the company.
Overall in the quarter, the Times brought in $185.5 million in digital subscription and ad revenue and $175.4 million in print revenue.Amid the coronavirus pandemic, advertising revenue was significantly down when compared to the second quarter of 2019, falling 43.9%.
Read more on thewrap.com
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