The New York Times records a 26.7% drop in advertising revenue
But the digital-only subscription revenues offset the lower advertising revenues.
The New York Times registered a drop of 26.7% in advertising revenue last year. In the last quarter of the year, The NYT had a drop of 37.9% in print advertising, and digital advertising revenue decreased 2.3%.
The numbers are negative for advertising. but the subscription revenue offset the drop in advertising in 2020, so the year was positive for The …