The Press: Thick Paper, Thin Profit

For the second time in its 108 steady years, the New York Times this week made public its annual report. The figures for 1958 confirmed the point made by the report for 1957 (TIME, May 5), i.e., that the Times is willing to make only a thin profit in the interest of producing a news-thick paper. On gross newspaper revenue of $85,576,162 in 1958, the Times netted $166,052—less than one-fifth of 1%. For the handful of public stockholders (some 200), the picture was not quite as grey as that figure indicated. The Spruce Falls Power & Paper Co. Ltd., in which...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!