New York Times: 1 Million Digital-Only Subscribers

CNNMoney: One million people now pay for the digital-only edition of the New York Times. It’s a milestone in the newspaper industry’s move from print to the Internet, announced by the Times at the same time it reported second quarter earnings. In addition, 1.1 million people pay for a combination of print and digital access. The earnings report reinforced why the digital milestone matters. While Internet ad revenue grew in the quarter, newspaper ad revenue is still a bigger part of the Times’ bottom line — and it fell almost 13%.