NY Times Swings To Profit On Digital Gains

The New York Times said Wednesday it added more than 300,000 digital subscribers in the first quarter, helping the media group swing to profit. Net profit for the prestigious US newspaper group was $13.2 million, compared with a loss of $8.3 million in the same period a year ago. Total revenues rose 5.1 percent to … Read more

US Media Group Time Inc. Opts To Stay Independent

US magazine publisher Time Inc. said Friday it plans to remain independent as it shifts to a “multi-platform media marketplace,” dismissing speculation of a sale or merger. The announcement sent shares in Time Inc. plunging. The company known for Time magazine, Sports Illustrated, Fortune and People magazine was spun off from media-entertainment group Time Warner … Read more