Two things are very clear from the latest NYT results. The first is that the newspaper dearly needs to get a new standard stock image of its HQ, as it’s been using the one above for at least five years. The second is that we were absolutely right that it is attempting to just buy a bigger audience rather than growing organically. That’s not a criticism, just an observation that the amount other titles can learn from the cash-rich NYT is limited.
The purchase of The Athletic helped the company get closer to its new subscriber goal, but the sports site lost $6.8 million over two months, eating into overall profits. It now has 9.1 million subscribers, but we need to have a conversation about the ARPU of the audience members brought over from The Athletic sooner rather than later.
The strategy is also on display with the paper’s purchase of Wordle. Meredith Kopit Levien said Wordle had attracted tens of millions of new users to the Times Company, “many of whom stayed to play other games, which drove our best quarter ever for net subscriber additions to Games.”
You’ll be astonished to learn that Facebook’s ad practices aren’t always above board. This Mashable article provides a good look at the potential discrimination that comes with digital ad targeting – though it’s notable that many issues are endemic to online ads, not just Facebook.
Despite the headline, there’s some backsliding happening here. As Robyn Vinter said: “There is something very worrying happening in journalism. Last year, 80% of journalists came from the top social classes (compared with 75% in 2020). That’s an absolutely atrocious figure that we should be completely ashamed of. We simply do not represent the people we serve”.
Media Voices are starting the first in a series of Publisher Podcast Insiders sessions focused on the challenges and opportunities you see as podcasters. The first session will be a mini masterclass on marketing and audience development for your podcast. The Podglomerate’s Joni Deutsch will lead a 20 minute presentation, followed by a 40 minute Q&A. Please note spaces for this session are capped.
This content originally appeared in The Media Roundup, a daily newsletter from Media Voices. Subscribe here: