New York Times misses estimates for digital subscriber additions

Aug 5 : New York Times missed Wall Street estimates for digital subscriber additions in the second quarter on Wednesday, signaling growing competition and tight discretionary spending by readers, sending its shares down around 6 per cent before the bell.The Times added 280,000 net digital-only subscribers in the second quarter, compared with analysts' average estimate of 295,300, according to data compiled by Visible Alpha.Media outlets such as Axios, CNN and The Verge are jostling to gain more readership in a busy news cycle, putting pressure on publishers such as NYT to gain market share.The company, which operates in a crowded market where big tech firms and AI platforms impact traffic to publishers, has strategically bundled its news offerings with lifestyle-focused products such as Wi