Report Overview

News publisher sustainability: A decade of transformation

Contents

Introduction: towards the decade of transformation

Executive summary: a decade of transformation

The transition from print to digital revenues has accelerated: global brands lead the way

Subscription growth in many cases leads to higher advertising yields

Reach plc: as print falls away, digital accelerates

New York Times: rapid transformation to an online, reader-centric, model

New York Times: as subscriptions go up, ARPU goes down

ARPU ratios can also converge

Daily Mail/Mail Online: doubling-down on an ad-supported free model for online news

Tabloids, local and magazine media

Footnotes on methodologies and estimates

Disclaimer

Figures and Tables

Print vs digital consumer revenues, 2012

Print vs digital consumer revenues, most recent results

Reader vs advertising consumer revenues 2012

Reader vs advertising consumer revenues,  most recent results

Reach plc revenue mix, print vs digital, 2012-2021 (%)

Reach plc revenue mix, reader vs advertising, 2012-2021 (%)

New York Times revenue mix, print vs digital, 2012-2021 (%)

New York Times revenue mix, reader vs advertising, 2012-2021 (%)

New York Times print and digital ARPU, 2011 to 2021 ($)

Estimated average daily revenue per user of New York Times products, 2021 ($)

Print to digital subscription ARPU ratio , 2012-2021

Mail revenue mix, print vs digital, 2012-2021 (%)

Mail revenue mix, reader vs advertising, 2012-2021 (%)

Proportion of other revenues excluded from revenue mix (%)