Horse Racing - Royal Ascot - Ascot Racecourse - 16/6/15
A racegoer reads the newspaper
Reuters / Eddie Keogh
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The New York Times says print journalism could have only 10 years left

10 years

Even though the New York Times surged in 2017, CEO Mark Thompson believes that the market might only sustain the company’s print journalism for another decade.

Published   |  Photo by Reuters/Eddie Keogh Livepic
Horse Racing - Royal Ascot - Ascot Racecourse - 16/6/15
A racegoer reads the newspaper
Reuters / Eddie Keogh
Livepic
10 years

Thompson says a print subscriber is “without question” worth more in terms of revenue, but much of the Times’ growth is fueled its growing digital subscriber base.

Horse Racing - Royal Ascot - Ascot Racecourse - 16/6/15
A racegoer reads the newspaper
Reuters / Eddie Keogh
Livepic
10 years

The company’s print advertising revenue dropped 14% last year, and digital ad revenue increased by the same percentage.

Horse Racing - Royal Ascot - Ascot Racecourse - 16/6/15
A racegoer reads the newspaper
Reuters / Eddie Keogh
Livepic
10 years

Meanwhile, annual digital-only subscriber revenue surpassed $1 billion for the first time. The company’s stock price also rose 20% in 2017.

Horse Racing - Royal Ascot - Ascot Racecourse - 16/6/15
A racegoer reads the newspaper
Reuters / Eddie Keogh
Livepic
10 years

“I believe at least 10 years is what we can see in the US for our print products,” Thompson told CNBC. “The key thing for us is that we’re pivoting.”

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