The New York Times wins $ 42.1 million in first quarter
The New York Times Company, publisher of the prestigious Daily News, announced today it has won the first quarter $ 42.1 million, up from 5.4 million the same period last year.
The company explained that between January and March made a net profit of 28 cents per share, compared with 4 cents per share it earned in the first quarter of 2011.
The New York Times Company billed the first three months of the year 499.3 million dollars, or 0.3% less than the same period last year.
“We continue to execute our strategy, and improving the results reflect the ongoing digital transformation of our company,” said President and CEO of the group, Arthur Sulzberg, introducing the bills.
The head of the company, who in December replaced Janet Robinson while seeking a permanent replacement, said the increase in subscribers to the digital edition of their means.
The company, which also publishes other prestigious journals as the International Herald Tribune and The Boston Globe, in 2010 began a process of transformation to recover revenue through a system of payment to access their digital content.
The group explained that over two thirds of the benefits gained by the first quarter were due to the sale in January of 16 regional newspapers and other businesses associated with the Halifax media group for 140 million dollars.
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