(Bloomberg) — Donald Trump likes to call it “horrible” and “failing,” but one of the biggest winners since his election has been the New York Times Co.
Shares of the Gray Lady, one of the last publicly traded newspapers, have more than tripled since the 2016 election. Subscriptions have grown steadily, thanks to a surge in digital readership that has exceeded expectations for the past three quarters.
Wall Street is now wondering, of course, how long that growth can continue. Trump suggested an answer when he tweeted in June that, once he’s no longer president, the Times and the Washington Post “will quickly go out of business & be forever gone!”
But investors seem to disagree. With digital subscriptions growing at almost 30%,