Time Magazine’s Digital Revenues Surpass Print Revenues in Second Quarter

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.”

More here.