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Thursday, October 20, 2011

New York Times Reports Profit

The New York Times Company continued to attract paying subscribers to its flagship Web site in the third quarter, bolstering a new revenue stream that has helped offset a decline in advertising revenue.

The company, which reported its earnings for July through September on Thursday, posted a profit of $15.7 million, compared with a loss of $4.3 million during the third quarter last year.

The Times now has 324,000 paid subscribers to the various digital editions of the paper, including e-readers and its Web site, compared with 281,000 at the end of the second quarter.

I pay $15 a month to read the NY Times on line.

From The Times.

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