Summary
- The New York Times continues to post disappointing trends in each of its quarterly earnings releases. In Q2, the company saw substantial subscriber growth deceleration.
- In addition, ad revenue is faltering, a victim of the tightening macro economy and companies' decisions to curtail discretionary marketing spend.
- The Times' costs, however, aren't letting up - and as a result, its profits are shrinking.
- Already down nearly 40% year to date, The New York Times' stock has more to lose.
For further details see:
New York Times: The Business Model Is Looking More Unsustainable