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... The company spends $63 million per quarter on raw materials and $148 million on wages and benefits. We've heard the wages and benefits for just the newsroom are about $200 million per year.
After multiplying the quarterly costs by four and subtracting that $200 million out, a rough estimate for the Times's delivery costs would be $644 million per year.
There are approximately 830,000 loyal readers who have subscribed to The New York Times for more than two years. Multiply those numbers together and you get $297 million -- a little less than half as much as $644 million.
And here's the thing: a source with knowledge of the real numbers tells us we're so low in our estimate of the Times's printing costs that we're not even in the ballpark.
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