Hearst Magazines Digital Subscriptions Now Generating Profits


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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