The Times passes one million digital subscribers mark less than four-and-a-half years after launching its metered paywall. The one million figure is on top of the 1.1 million print subscribers who can also access all of the NYT’s content online. Chief executive and president Thomson:
This is a major milestone for our digital consumer business, which we launched in 2011 and has continued a strong and steady growth trajectory. It puts us in a unique position among global news providers. We believe that no other news organization has achieved digital subscriber numbers like ours or comparable digital subscription revenue.
The company also releases second-quarter results showing an 80% year-on-year increase in profits to $16m (£10m), despite a 1.5% fall in revenue to $383m.