New York Times Ad Revenue Takes Dive
Bad news for the financially troubled New York Times is always good news for America -- and America received some very good news today. In an attempt to survive online competition and a growing credibility gap, Bloomberg reports that the Times is banking on a move to digital subscriptions to make up for declining advertising revenue.Another news organization committing slow suicide on the altar of progressivism. Apparently feeding at the trough of the democrat party provides way less calories than the New York Slimes expected. No surprise though that they would join the other commie liberal news outlets with declining ad revenue.
In the first quarter of 2013, that plan has failed miserably.
Advertising revenue plummeted 11%, while subscription sales rose by only 6.5%.
Total revenue dropped by a full 2%, which analysts did not expect.~snip~
I mean who wants to invest in a dying media?