Ben Gilbert: belief

Transcript context

…I didn’t read the report as closely as I know you did, so I don’t know how much of this was in the report versus they do it. They also learn the lesson of not missing technology waves, so they launch apps. In 2014, they launched The New York Times cooking app, which has become hugely successful. Hugely successful. In 2016, they launched the crossword app, which has become hugely successful. The crossword app on its own is a $30-million-a-year business with zero marginal cost because they’re just running historical crosswords from years and years and years, and I think some new ones, but the apps business that they have—they call it other digital—is growing at 60% year over year and it’s crazy high-margin revenue. Think of the cooking, the crosswords, all that stuff. The other thing that they’ll launch which will lead into the next big tail that’s helped The Times is The Daily. They launched The Daily in (I think) it was February 1st, 2017, and it got 100 million downloads in the first year. In 2019 it passes a billion downloads. Ben, you may know more about this than me and the right way to judge, but I think it’s the biggest podcast in the world.…

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