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Scribd adds newspaper content, reports over 500k subscribers

US-based online reading subscription service Scribd has expanded its content to include newspapers, reports Publishers Weekly.

Subscribers will now have access to selected articles from the New York Times, the Financial Times, the Wall Street Journal and the Guardian, among other publications. The move follows Scribd’s expansion to include magazine content in late 2016.

Scribd CEO Trip Adler also revealed that the service, which recently recorded its first year of profitability, now has more than 500,000 paying subscribers and is expected to generate more than US$50m (A$67m) in revenue in 2017. This is the first time that the organisation has released its subscriber numbers.

Adler said that Scribd would focus on ‘longform evergreen content’ from newspapers, which would be curated by a staff of former journalists.

 

Category: International news