The New York Times’ ‘Paperio’ will go digital, says NYT exec
The New Jersey-based New York City newspaper is launching a new paper online that is expected to debut in late 2018.
The New York Tribune is a digital-first publisher that also owns the Newark Star-Ledger.
The Newark Star Ledger, which is owned by the city’s mayor, is expected launch a new digital edition in 2018.
The New Orleans Times-Picayune is also expected to launch a digital edition, and The Los Angeles Times is also slated to launch its digital edition this year.
“Paperio” is the brainchild of executive editor Andrew G. Peterson, who is taking over the paper after its owner, publisher and publisher-editor resigned.
“This is a great time for paper and digital, as both are going to be part of the landscape, but they’re not mutually exclusive,” Peterson told reporters at a media day at The Times headquarters in New York.
The paper will have a digital platform, which Peterson said will allow it to publish stories in an easy way.
Peterson said the paper will also be more open to sharing stories with publishers and users.
The new paper will be the latest to be launched by Peterson and New York-based news publisher, The New Republic.
Peterson and editor, Joe Sullivan, were in talks with The New Yorker about their own digital-only publication.
The Times is taking on the digital world as it looks to increase the number of people using its paper, which was the most-read daily newspaper in the U.S. by readership in the first quarter of 2017.
“We want to be the place where people get the most value from their paper, and that’s through digital platforms,” Peterson said.
The move to digital is a step up from the paper’s current paper-only model.
It is the only paper in the nation that does not have a subscription-based model.
In its most recent financial report, The Times said its digital business grew by 4 percent, driven by digital subscriptions and advertising.
The news organization said the revenue it generated from its digital subscriptions totaled $1.1 billion for the first three months of 2017, compared to $1 billion in the same period last year.
Peterson noted that the paper saw a 6 percent increase in advertising revenue from the first two quarters of 2017 to the first half of 2018, compared with the same time last year, partly due to a surge in digital ad buys.
New York City Mayor Bill de Blasio has spoken highly of Peterson’s vision for a new, digital-friendly paper, describing the paper as “a breath of fresh air.”
“The Times’ digital team has built a great digital-focused team, and the paper is proud to continue its strong commitment to digital, which I believe will continue to drive growth and make our business even stronger,” Peterson added.