The Times posts rare profit ‘thanks to internet paywall’Comments Off on The Times posts rare profit ‘thanks to internet paywall’
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.