New York Times Profit Explodes Under Trump Attacks. The New York Times has managed to take advantage of President Donald Trump’s persistent criticism of the American media company. The group recorded a two-thirds higher profit of $ 21.9 million in the first quarter.
The so-called ” Trump bump ‘was particularly noticeable in the number of digital subscriptions, compared to a year earlier by 139,000 to a total of 2.8 million.
Almost 100,000 newcomers were news consumers. The remaining growth was due to online crossword puzzles and cooking recipes.
Total revenue increased from 399 million dollars to 414 million dollars, with revenue from subscribers rising 7.5 percent. Subscriptions account for almost two-thirds of the tax.
Opposite the growth of subscribers was the continued decline in advertising revenue. According to the company, this will keep throughout the year.
The company also expects the costs to rise.