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The New York Times Company has reported robust third-quarter results driven by strong growth in digital subscriptions and online advertising. The media giant added 460,000 new digital-only subscribers between July and September — its biggest quarterly increase in recent years — fueled by the success of its multi-product bundle strategy. Over half of its total 12.33 million subscribers now use more than one of its products, which include News, Cooking, Games, Wirecutter, and The Athletic. While digital revenue soared, print subscriptions dropped by 50,000 to 570,000, reducing print income by 3% to $127.2 million. Despite higher operating expenses of $596 million, up 5.8% year-over-year, overall profitability climbed 26.1%. CEO Meredith Kopit Levien expressed confidence in the company’s ability to expand its loyal readership and announced a target of 15 million subscribers by the end of 2027. The Athletic, acquired in 2022 for $550 million, turned profitable for the first time this quarter. The company closed September with $1.1 billion in cash and marketable securities, signaling strong financial stability as it continues its digital transformation.

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