The New York Times is still receiving a profit due to what they claim comes from their digital subscriptions (creative commons)

READ MORE: Amazon's Jeff Bezos Buys Washington Post

The publisher for the New York Times, Arthur Sulzberger Jr., and also a chairmen for the company, stressed that there are no plans to sell anytime soon.

From The New York Times: 

“In a statement, the publisher, Arthur Sulzberger Jr., who is also chairman of The New York Times Company, said that he and Michael Golden, the vice chairman, had spoken to Donald E. Graham, chairman and chief executive of The Washington Post Company, about his decision to sell The Post and some smaller newspapers and stressed that The Times did not plan to follow a similar path.

“Will our family seek to sell The Times? The answer to that is no. The Times is not for sale, and the trustees of the Ochs-Sulzberger Trust and the rest of the family are united in our commitment to work together with the company’s board, senior management and employees to lead The New York Times forward into our global and digital future,” the statement said.”

Sulzberger and Golden brought up that success the New York Times sees is profitable enough with its digital distribution and subscribers to pursue future growth, and that they have both the money and ideas to pursue innovation.

A statement released last Thursday, the New York Times reported that their earnings for print advertising were less than favorable, but managed an overall profit because of stronger circulation revenue and lower operating costs.

The company’s net income rose to $20.1 million at 13 cents a share, as opposed to a loss of $87.6 million, or 58 cents a share, from last year.

Reach Executive Producer Eric Parra here.