Hearst Magazines Digital Subscriptions Now Generating Profits

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Digital Multiplatform News

Hearst Magazines president David Carey says in his New Year’s letter to employees that at year’s end, the company had 800,000 monthly digital subscriptions in the U.S. — the highest in the industry. “Those subscriptions are now generating profits after 24 months of investment,” he writes. Carey also writes that Esquire editor-in-chief David Granger will soon announce “a bold new partnership — an initiative that will dramatically expand the Esquire franchise.” He adds that the magazine “has big plans in the works to celebrate its 80th anniversary this year.”

(Source: Romenesko)

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