The New York Times, perhaps Donald Trump’s #2 MSM enemy after CNN, says they have seen a 10x increase in subscriptions since Trump was elected President.
From the election on Nov. 8 through Saturday, the Times has seen “a net increase of approximately 132,000 paid subscriptions to our news products,” the media giant said in an exclusive statement to CNBC.
“This represents a dramatic rate of growth, 10 times, the same period one year ago,” the statement said. –CNBC
I guess all it takes to boost subscriptions is a contentious election driving concerned citizens into the arms of the Gray Lady? With all the FAKE NEWS out there, who could blame them?
Of Note, Fly’s Exodus algo nailed the oversold condition on November 2nd, which was followed by a massive 19% run over the last 4 weeks. To put that in perspective, an investment of just $2600 in $NYT on November 2nd would have paid for an entire year of Exodus.
Today’s announcement couldn’t have come at a better time for the New York Times, as revenues have been effectively sideways for 4 years.
In the above Exodus chart, notice all those little spikes in the December quarter? Turns out it’s a good month for the NYT – up an average of 3.77%, 29 out of the last 42 years.
Let’s see if this Trump Bump™ will stick for the beleaguered New York Times. In the meantime, trade well and look out for FAKE NEWS.If you enjoy the content at iBankCoin, please follow us on Twitter