The New York Times has reached a record number of subscriptions in 2017. The newspaper said it added more than 300,000 subscriptions in the first three months of the year, which is higher than any other quarter in its history.
Its digital-only news saw the greatest spike, according to the company’s report, adding a net of 308,000 new digital-only subscriptions. The Times now has a total of 2.2 million subscriptions in that category.
As for revenue, the company recorded a total of $399 million with a net income of $13 million. That number is up 5 percent from the same time last year. Digital advertising made up 19% of the revenue.
The New York Times said its print advertising revenue dropped 18 percent.
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