New York Times added 180,000 digital subscribers in the second quarter but posted its first decline in digital advertising revenue since 2020, due in part to the macroeconomic environment.
“Headwinds from advertising are playing out broadly as we’d expect them to,” Chief Executive Meredith Kopit Levien said during an investor call following the results. “We’re making sure we’re resilient as those headwinds from macroeconomic uncertainty continue.”
