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The news alone is no longer the driver of New York Times subscription growth

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The news alone is no longer the driver of New York Times subscription growth

The company’s quarterly financial report follows what has become a trend: an operating profit margin of around 10%

The New York Times continues its steady digital subscription growth, executives said Wednesday, reporting financial results for the third quarter.  Digital subscriptions were up a net of 180,000, the same as the increase last quarter. Including print, the Times now has 9.3 million subscribers.

The company also continues to deliver an operating profit margin of just under 10% – $51 million on revenues of $548 million.

But the growth is no longer primarily in subscriptions to news alone. Rather, the Times is heavily pushing what it calls internally “the bundle.” That is an all-access product that also includes Games and Cooking verticals, audio, the Wirecutter product information site and now The Athletic, which the Times purchased for $550 million in January.

CEO Meredith Kopit Levien said that the bundle costs roughly 50% more than a news-only digital subscription. Beginning this quarter, she added, the company plans to increase the price of single-product subs to news or other products, hoping to “compel people to take the bundle.” 

The news cycle itself varies, she said, affecting subscription numbers.  Storylines like Trump’s campaigns and administration or the pandemic or the aftershocks of January 6 no longer dominate, and that growth in news-only subscriptions is softening.

The shifting pattern of growth raises the question of whether the Times can still be described as a news company. Investor information service Zacks characterized it in an earnings preview story Tuesday as a “diversified media conglomerate.”

In his inaugural column for Semafor October 18, co-founder Ben Smith (with some hyperbole) wrote that the Times is experiencing “an identity crisis.” He asked, is it morphing from “a news company expanding into tech products” to “a tech company with an ancillary news product?”

Kopit Levien said news remains most important, in a conference call with analysts. The first pillar of the company’s strategy is still to continue “leading in news,” she said. Second, the Times, with its varied offerings seeks to help users “make sense of their lives (and pursue) their passions.” The third element of the strategy is to put the two together in the bundled package.

She said that the Times continues to invest in modest growth of the newsroom – now numbering about 1,700. But operating costs are growing – by 9.5% in the third quarter – mainly because of efforts to integrate and develop the money-losing Athletic.

Last quarter, the Times stopped reporting the number and growth of news-only digital subscriptions. That continued Wednesday with Kopit Levien saying that Games was the fastest growing of the single products and that Wirecutter is also having a strong quarter.

The bundled subscriptions now total more than 1,000,000 and, despite the higher price, the Times hasn’t had problems with getting readers to move from introductory offers to full price and then retaining them.

In other aspects of the company’s financial performance, advertising revenues held steady year over year, despite the uncertain macroeconomic outlook and declines in the tech category.

The Times expects advertising to be off in the fourth quarter but that the company will still be profitable, even with losses at The Athletic offsetting growth in the core business.

That’s an improvement on a previous forecast, and Times shares were up 8% in midday trading.

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Super hit news: Linkin Park’s Song With a Billion Streams Once Replaced a National Anthem Ahead of FIFA Friendly

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Super hit news: Linkin Park’s Song With a Billion Streams Once Replaced a National Anthem Ahead of FIFA Friendly

Super hit news: Linkin Park is among the most popular rock bands in the world. They have delivered several best-sellers and MTV2 labeled them the sixth-greatest band in the music video era. However, the band went on a hiatus back in 2017 after the shocking death of Chester Bennington. They are currently not working on any music video or album, but continue to make the headlines. Once during a FIFA soccer international friendly, Linkin Park’s song was accidentally played instead of the team’s national anthem.

Some of the most popular albums of Linkin Park are Hybrid Theory, Meteora, and A Thousand Suns, among others. However, they have remained inactive for a while now. But despite that, they have a combined net worth of more than $100 million.

Linkin Park has, however, made its mark on soccer, when its super hit song ‘Numb’ was played instead of the national anthem of Malta in a FIFA friendly. However, the Malta players smiled a bit before singing their original national anthem.

Malta’s national anthem was replaced by Linkin Park’s ‘Numb’ in a FIFA friendly

Malta is a small soccer nation that plays in the UEFA. According to the latest FIFA rankings, Malta is 168th in the world. However, they made headlines back in 2014, ahead of their FIFA-friendly game vs Slovakia. Fans had turned up in big numbers for the game, but the stadium personnel responsible for the national anthem played Linkin Park’s ‘Numb’ instead of Malta’s national anthem.

However, the Malta players took it lightly and smiled before the original ‘L-Innu Malti’ national anthem was played. Malta was host to Slovakia in the friendly game. Slovakia was a heavy favorite ahead of the game and won 1-0 in 2014.

Adam Nemec, who currently plays in the Romanian Liga, was the difference maker for Slovakia in their 1-0 win over Malta. Since then, the two sides have played four times, with Malta failing to win any of them.

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FIFA is planning to expand the number of teams for the next World Cup 2026 to have 104 matches in total

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FIFA is planning to expand the number of teams for the next World Cup 2026 to have 104 matches in total is planning to expand the number of teams for the next World Cup 2026 to have 104 matches in total

The group stage of Qatar 2022 has only just ended and FIFA is already organizing the next FIFA World Cup, which will be hosted by three nations for the first time in its existence, Canada, the United States and the Mexico. The tournament, which is still three and a half years away, will have an increment of play, the reason is supposed to put on a bigger show and obviously generate several million more.

To that end, the world’s largest football organization plans to change the format of the tournament to have a total of 104 matches throughout the competition.

32 teams in the knockout stage

According to The Guardian, FIFA will change their initial idea of ​​having 16 groups of three teams each, for a very long group stage of 12 sectors with four teams each, to a round of 32 teams to start the knockout phase. .

Currently, the 32 teams are divided into 8 groups of 4 teams each, where the first and second place in each group qualify for the round of 16.

104 games in total
With this change, the 2026 World Cup would have a total of 104 matches, 40 more than those scheduled for Qatar 2022, including the group stage and the qualifiers.

Among other changes according to The Athletic, FIFA is considering that in the event of a tie in the group stage, matches will be defined in a penalty shootout to determine a winner and there will be a tiebreaker much more. clear than those currently applied, where even the number of cards or even a raffle can define the ticket for the second round.

The idea of ​​FIFA is that in case of victory the winner gets three points and a penalty shootout winner, after a draw in regular time, gets two points, while the penalty shootout loser gets one a.

How many places will each Confederation have in North America in 2026?
The next World Cup will award 16 tickets more than those granted so far. One of the most profitable confederations will be CONCACAF, which, in addition to the three direct tickets for the hosts, will have three other qualifying places. Here is the breakdown by confederation:

UEFA: will increase the number of tickets available from 13 to 16.
CAF (Africa): nine direct tickets and half a ticket to play in the play-off.
CAF (Asia): will have 8 direct entries
Conmebol: Six direct tickets and a half-ticket to be played via the Play-offs
CONCACAF: Three direct tickets (in addition to the three from the hosts) and an additional half-place via the Play-offs.
OFC (Oceania): For the first time in history, it will have a direct ticket and an additional half-ticket via the Play-offs.

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HEALTH HAZARDS

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HEALTH HAZARDS

HEALTH HAZARDS: An ineffective sewerage system is the main cause of unhygienic conditions in Karachi. While the whole city is struggling on this count, some areas are struggling more than the rest. Mehmoodabad is one such area where people are forced to live under such conditions. The area is littered with garbage, and overflowing sewers leave the lanes filled with sludge, making life unbearable with stink in the air. Does anyone care about this?

ROAD ACCIDENTS: Balochistan has no dearth of issues affecting the life of the common man one way or the other. While there is precious little that may be done in the case of several of such issues, but the number of fatal road traffic accidents (RTAs) across the province can surely be controlled. Most of the important highways and roads do not have safety barriers installed that may guide or stop an out-of-control vehicle. The National Highway Authority (NHA) must wake up before more lives are lost on Balochistan’s killer roads.

Dr Mustafa Khan Musakhail
Quetta

ATTACK ON EDUCATION: Girls in Pakistan have struggled for years to acquire the right to education. Recently, a girls’ school in Diamer district of Gilgit-Baltistan was burnt down by miscreants. It is not the first such incident. Unfortunately, girls have been deprived of their fundamental right to education due to various reasons. It is time for society at large to take a firm stand in this regard and promote girls’ education.

MUGGERS ON THE LOOSE: The spike in street crimes in Karachi has triggered a sense of insecurity among the general public. One of our neighbours was shot by muggers after he offered some resistance to them in Gulistan-i-Jauhar. This tragic incident has raised concerns over the worsening law and order situation in the city and has left us completely traumatised. The government should pay attention to the matter, and the police force should definitely improve its performance.

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