NYT adds 210,000 digital subscribers in Q1.
"The company said it had about 10.5 million subscribers overall for its print and digital products at the end of the first quarter, up roughly 8 percent from a year earlier. About 640,000 of those were print subscribers, down about 10 percent from the same period last year. "
https://www.nytimes.com/2024/05/08/business/media/new-york-t...
(Plus I'm tired of further lining Bezos' pockets, and I very much disagree with some of the current editorial staff.)
I get that real, actually-solid journalism is not cheap to make. But I'm not sure what the solution is when good-enough articles can be had for far cheaper, or free. The good stuff really is a joy to read, but I'm not convinced $120/yr (looks like it's twice that for the NYT?) is worth the price of admission.
Certainly a lot of people do buy and keep these subscriptions, and subscriber counts do seem to be growing (which is genuinely great), but I would wager that far, far, far fewer people today have a newspaper subscription than in the mid-90s. But maybe that's changing; maybe people hate all the sensational, clickbaity, in-your-face ad-supported garbage floating around for free.
I would only hope that as online publications grow their subscriber base, instead of getting greedy, they actually lower their prices, since their marginal per-subscriber cost is near-zero. Given that NYT home delivery prices in 1995 were ~$350/yr, (~$700 in today's dollars), it seems a little absurd that they're charging 35% of that (for digital) when their cost of distribution is a fraction of a percent what it used to be. Presumably the reason behind that is because their subscriber base is much smaller than it used to be?
By your own math, a subscription is 65% cheaper than it once was -- but the reporting is still expensive. Try outfitting a team to go into a war zone, or maintain bureaus, etc.
The problem is that the "good enough" free articles are usually just rewrites of the ones from the people who did the reporting.
> The problem is that the "good enough" free articles are usually just rewrites of the ones from the people who did the reporting.
> Plus I'm tired of further lining Bezos' pockets