In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
In comparison, the print edition of The New York Times had around 833,000 subscribers in 2020. Thus, I consider The New York Times a digital media company that prints a newspaper in New York City.
Read More
There are also serious doubts about the conventional wisdom that digital advertising is the best means of reaching customers. Last year, Proctor & Gamble (NYSE: PG) cut its digital advertising spending by $200 million because that medium simply was not working, Ad Age reported. The money was reinvested in other areas such as television, e-commerce, and audio (radio).
There are two ways that newspapers like The Times and The Post might make a lot of money in today’s world.