Executives at some of the nation’s largest newspaper companies say they are more hopeful about their future after seeing readership grow for digital subscriptions.
Speaking at the American Society of News Editors’ annual convention, the newspaper executives said increased usage of their digital products is resulting in higher revenue.
Patrick J. Talamantes, president and CEO of The McClatchy Co., says that his company is getting an additional $25 million in revenue this year from its new subscription models that charge for online content.
Mark Thompson, president and CEO of The New York Times Co., also reports success from its digital subscriptions. Readers typically must pay to read stories on The New York Times’s website after viewing 10 stories for free each month.