Trump Calls the New York Times ‘Failing.’ It’s Not—Largely Because of Him
Is the publication failing to cover Trump in a way that pleases him? Perhaps. But it’s safe to say that the New York Times is certainly not a financial failure, in part because of Trump himself.
.. The paper added 93,000 digital subscriptions in the period, which helped drive profit to $15.6 million, compared to a loss of $211,000 in the second quarter of 2016.
Altogether, the paper enjoys 2.3 million paid digital subscriptions, up 63.4% from a year earlier. Its stock is currently trading at a nine-year high, hovering around $20 per share and giving the company a market capitalization of about $3.2 billion.