The Times posts rare profit ‘thanks to internet paywall’

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Times Newspapers made a £1.7 million annual profit against a loss of £6 million a year ago and more than £70 million five years ago.

The Times has 152,000 digital-only subscribers up 8%, and The Sunday Times has 154,000, up 12%.

Print subscribers also get digital access. All subscribers, known as members, pay £6 a week.

Parent company News UK has spent heavily on video rights, including Premier League football, and said the Times’ accounts include a share of those costs.

The company declined to disclose full accounts before filing to Companies House but 51% of sales came from subscriptions and cover price and only 44% from advertising.

The Times’ paywall contrasts with the Guardian and Daily Mail which are free and ad-funded.

Source Article from http://www.standard.co.uk/business/the-times-posts-rare-profit-thanks-to-internet-paywall-9898259.html

December 2, 2014 |
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