The Seattle Times received a $9.9 million forgivable loan as part of the Payroll Protection Program under the CARES Act.
Two of McClatchy's biggest creditors make a bid to buy the company, which is in Chapter 11 bankruptcy.
Change is here for the subscription industry. Customer retention is top priority while competition grows and customer expectations shift. So, which trends should be on your radar? And what strategies and tactics should you be using to ensure subscriber growth?
Facebook is investing $100M to support the news industry as it struggles through the coronavirus crisis: $25M in emergency grants & $75M in marketing spend.
Launching a marketing campaign to support an existing or new subscription business, membership, or product? You don't need a big marketing budget to get started, but you do need to market smart. In this Subscription Marketing guide, we outline in detail the 12 steps every subscription marketer needs to understand to kick-start their marketing program and drive profitable revenue, even with a small budget or even little experience.
The New York Times Company reported total revenue of $428.5 million, or 2.7% growth, for the third quarter of 2019, compared to $417.3 million for Q3 2018. The New York Times subscription revenue was $267.3 million, a 3.7 million increase, driven by growth in the companys digital-only products including news, Crossword and Cooking. Paid digital-only subscription totaled just over 4 million at the end of the third quarter, a net increase of 273,000 subscribers and a 31% increase year-over-year. OF the net new adds, 209,000 came from digital news and the remainder came from Crossword and Cooking.
With a five-year compound annual growth rate of 53 percent, community solar energy is already generating over a gigawatt of energy in the United States. Within 10 years, that should surpass 80 gigawatts. Most of that will be part of a new subscription business.
Last week, The Atlantic announced changes to its subscription model, two years after its last overhaul. The magazines newest digital subscription strategy includes slightly increased prices to its tiered subscriptions plans, starting at $49.99 a year for a one-year, digital-only subscription plan. For $59.99 a year, subscribers will receive print and digital subscriptions. For $100.00 a year, subscribers will receive print and digital subscriptions plus an ad-free experience, a complimentary gift subscription to share, discounts on the magazines products, and VIP access to Atlantic events.
Offering a subscription trial is often the most debated and discussed topic for subscription businesses. No matter how much experience your team has, the best course of action is to begin with a well-informed plan based on your answers to the questions here.
The New York Times Company added 197,000 net new digital-only subscribers in the second quarter, a positive step toward its goal of 10 million total subscribers by 2025. The company has 4.7 million total subscribers as of the end of Q2. The company now has 3.78 million paid digital-only subscribers, a 30.7% increase year-over-year. Of the 197,000 new additions, 131,000 came from digital news, and the balance came from NYT Cooking and Crossword.