Torstar has announced that it saw a 50 per cent rise in paid digital subscriptions in the first quarter, as the company continues to build its digital strategy with offerings including a partnership with tech giant Apple.
The company said it ended the quarter with over 15,000 digital-only paid subscribers on thestar.com, up from almost 10,000 at the end of 2018. It also ended the quarter with over 112,000 registered users on their community news sites or almost 5 per cent of the households.
Torstar president and CEO John Boynton said that Torstar is he will focus on transforming Torstar Corp. into a “journalism and data company.”
“At Torstar we are known for the excellence of our journalism. Now we have added data,” he said, noting that data is a resource that should differentiate the Toronto Star’s owner and help it to build a more sustainable business model.
You can read more about the latest quarterly earnings here.