Despite profits being down 12% to $58.9 million on $643 million in revenue, it still is a very decent profit in the media world.

Also worth noting is:

Subscription revenue increased by 5% to bring in $241.6 million. This increased subscription revenue came, perhaps as a result of the company launching its much publicized digital pay wall. Paid digital subscriptions increased by 20% to about 390,000, for the NY Times and International Herald Tribune.

20% increase in paid digital subscriptions is quite good. I think we’re only in the beginning of this trend. It will continue to increase.