Feb 8, 2017

NYT teams up with Spotify, and we did the math

Photo by alextorrenegra / Flickr Creative Commons

In an effort to bolster digital subscription revenue, The Times announced Wednesday it would give new digital subscribers unlimited access to Spotify Premium, the paid portion of the music-streaming app that has quickly become the highest-grossing music streaming service in America.

Is it worth it? We did the math. If you were going to buy an NYT all access digital subscription and a Spotify premium subscription, you'll save $55 the first year, but you'll lose $10 yearly after that. It doesn't pay off after six years.

Why it matters: NYT is hoping digital subscriptions will make up for steep print and digital banner advertising losses that have been plaguing traditional print newsrooms across the country. On a call with investors in January, Times CEO Mark Thompson reassured investors that The Times is moving towards positive revenue growth, specifically because of a rapid rise of digital subscriptions. A music partnership makes sense to lure new subscribers, given that 58% of U.S. adults pay for streaming services like Spotify or Apple Music, according to a recent PayPal consumer trends survey

What we're watching: This is just the latest of the many steps NYT has taken to rebrand themselves as a media company that makes your life better, not just a news and information provider. In 2015, The TImes launched a incredibly successful "Cooking" app that attracts upwards of 8 million monthly unique visitors per month. In 2016, The Grey Lady launched "Watching" a digital franchise that rates and recommends TV and movie content and "Well" a cross-platform franchise designed to provide tips and information about working out and living a healthy lifestyle. With the Spotify partnership, The Times will be launching a music newsletter as a part of its expanded lifestyle content offerings.

Go deeper

Acting Navy head apologizes for calling fired captain "stupid"

Acting Secretary of the Navy Thomas Modly testifies on Capitol Hill in December. Photo: Saul Loeb/AFP via Getty Images

Acting Navy Secretary Thomas Modly apologized Monday for calling Capt. Brett Crozier, the ousted commander of the USS Theodore Roosevelt, "too naïve or too stupid" over his letter pleading for help following a coronavirus outbreak onboard.

The big picture: His apology came after President Trump told a news briefing earlier Monday he would "get involved" following a leak of Modly's remarks to the ship's crew on Crozier, who has since been diagnosed with coronavirus, which were obtained by CNN.

Go deeperArrowUpdated 3 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 1,346,299 — Total deaths: 74,679 — Total recoveries: 276,636Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 367,507— Total deaths: 10,908 — Total recoveries: 19,598Map.
  3. 2020 update: Wisconsin Supreme Court blocks governor's attempt to delay in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Former Vatican treasurer George Pell's sexual abuse convictions overturned

Cardinal George Pell at the County Court in Melbourne, Australia, in 2019. Photo: Michael Dodge/Getty Images

George Pell, the former Vatican treasurer, has won his appeal and had his child sexual abuse convictions overturned by Australia's High Court.

Why it matters: The cardinal became last year the highest-ranking Catholic Church official to go to trial and be convicted for sex abuse. But the High Court's ruling means he can be immediately released from prison, where he was serving a six-year sentence.

Go deeperArrowUpdated 1 hour ago - World