Time magazine’s digital revenues in the second quarter surpassed its print revenues “for the first time in our brand’s history,” according to a staff memo sent by Time president Keith Grossman, reports Publishers Daily, which adds that digital revenues grew 58% year-over-year in Q2 2020.

Publishers Daily adds that “U.S. print subscription revenue increased by 6% year-over-year.

“The New York Times made the same announcement earlier this month. In Q2 2020, The Times brought in $185.5 million in revenue for digital subscriptions and ads. Print revenue for the company in Q2 was $175.4 million.”

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