The New York Times: All The Black Ink That's Fit To Print –
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Sources with an AllSides Media Bias Rating of Lean Left display media bias in ways that moderately align with liberal, progressive, or left-wing thought and/or policy agendas. He died on Thursday evening. The New York Times was rated Lean Left in the Oct. Who got it better than us. 2022 AllSides Blind Bias Survey, confirming AllSides' rating at the time. But so you see a large number of folks on the bundle added into that number and we now have over 1 million bundle subscribers. Operator Instructions]. Follow New York Times Co (NYSE:NYT. We continued to enable access to The Athletic to additional bundle subscribers in the third quarter, a process which began late in the second quarter.
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That revenue growth, combined with slowing cost growth, drove a 6% increase in adjusted operating profit. The way you're reporting it now, looks like it's just under 2. The things we do see as sort of increasing control over key levers, Roland mentioned churn, we've long said now, and we talked about this a lot last year, that churn was at a manageable level, we needed to keep it as such. On average, those who disagree with our rating think this source has a Lean Left bias. 3 million of advertising according to this table in the fourth quarter. Adjusted revenues of $US514 million increased 3%. Anytime you encounter a difficult clue you will find it here. Just interested to know how you think about when's the right time to execute on something like that, especially as we're kind of hitting a potentially weaker economic period? I think, typically, 3Q, we see the seasonal uptick in subscriber net adds relative to 2Q. Adjusted operating costs are expected to be approximately flat compared with the fourth quarter of 2021. With that, I will turn the call over to Meredith Kopit Levien. Do slightly better than not support inline. And then I've got a follow up on net adds.
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Those headwinds have largely materialized as we anticipated. Thank you for attending today's presentation. With each passing quarter in 2022, we saw increasing proof that there is strong demand for a bundle of our news and lifestyle products. Do slightly better than net.fr. 308 billion and net operating profit fell to $US202 million from $US268 million. The bottom line is that Disney and News are cutting and retrenching – with Disney offering a return to dividends for shareholders later this tear (News is paying its tony dividend of 10 US cents a share).
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But Roland may have more to say about the kind of specifics on reporting. I'll close by looking ahead to 2023 and beyond. Now before I turn it over to Roland, I want to say a few words about my two colleagues on this call. We did so by advancing the three pillars of our strategy: leading in news, helping people make the most of their lives and passions, and putting those ideas together in a bundle that makes The Times indispensable in the daily lives of millions more people. AllSides has high confidence in this bias rating. In Q3, we began to see the benefits of our commitment to meaningfully slow cost growth. The New York Times Company (NYSE:NYT) Q3 2022 Results Earnings Conference Call November 2, 2022 8:00 AM ET. This underscores that bias is in the eye of the beholder.
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New York Times (News) is a news media source with an AllSides Media Bias Rating™ of Lean Left. So, the capital return policy and the moves we might make prospectively would be a conversation that we would have with our board. Operator Instructions] Please note, this event is being recorded. Comparisons are to the company's consolidated results for the fourth quarter of 2021 prior to the acquisition of The Athletic.
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Just as a follow-up for Roland. For the six months ending to December 31, Revenue dropped to $US4. Our effective tax rate for the fourth quarter was approximately 25% versus an expected marginal rate of 27%. It's a seasonally strong quarter. I think I can give a short answer, which is just the update on capital return reflects real confidence in our strategy. Harlan Toplitzky - Vice President of Investor Relations. Meanwhile, print advertising was lower by 8. Foxtel saw a miserly 1% rise in earnings and a 4% fall in revenues, mostly due to foreign currency factors. You should listen to them.
Still, there were several areas of relative strength in a tough market, like direct-sold display advertising. In the December quarter, the New York Times' reported revenue of $US667. I'm a little confused on that. With that, I'll hand it over to Roland and be back to take your questions shortly.
Moreover, these results demonstrate the proven nature of our model to grow profit even in a dynamic and challenging market. In Australia, revenue fell 13%, impacted by negative foreign currency fluctuations. The number of digital-only bundle and multiproduct subscribers grew by approximately 380, 000 in the quarter, driven mainly by increases to the number of new bundled subscribers, augmented by existing subscribers who upgraded to the bundle. And I'll say on the bundle, something that's been very pleasing as we continue – obviously, we're driving more people to the bundle and all the ways we've described so far, but we're continuing to see bundle subscribers engage 10% to 20% better than news subscribers. 5% compared with 2021, primarily driven by growth in the luxury category. 2 million in digital ad revenue, just a 0.
Adjusted diluted earnings per share was $0. The NYT is a domestically focused company and that limited scope proved an enormous (if somewhat unseen) advantage in the final quarter and 2022 as a whole. ITS SLIGHTLY LARGER THAN ALL OF NEW ENGLAND COMBINED Ny Times Crossword Clue Answer. While our path to getting there is unlikely to be linear, we have deep conviction in our market opportunity and our ability to create shareholder value. We made steady progress in the quarter toward becoming the essential subscription for every English-speaking person seeking to understand and engage with the world. We're managing through the headwinds effectively, and aggressively working to capture the tailwinds. 219 billion and net income to shareholders slumped 76% to just $US107 million from $US431 million in the December, 2021 half.
We're starting to see the uncertain macroenvironment impacting advertising more broadly across this space really. Roland Caputo: Well, I mean, I just want to say we're really pleased to increase the return to shareholders at this time. Again, excluding the estimated impact of the 6 days, total advertising revenues decreased almost 2. 1 million in the same period of 2021 "as higher digital subscription revenues at The New York Times Group segment and the impact from six additional days in the quarter were more than offset by a one-time charge related to the Company's withdrawal from a multi-employer pension plan and operating losses at The Athletic (a sports skewing website) segment. 35a Some coll degrees. So, as we work our way through that and figure out if we can find that point of optimal volume and price, we'll share more. I'll say, as we've said for a long time, we continue to invest thoughtfully into the newsroom. Approximately $57 million dollars currently remains under the company's repurchase authorization. Our first question comes from Thomas Yeh from Morgan Stanley.
So we do see this as completely sustainable and kind of the approach that we'll take going forward. And so, what we're adding here is a premium display business, like the business we have on The Times with great ad canvases, and you can imagine all the things we've done with The Times including building a rich trove of first-party data and building partnerships with marketers that want to do something kind of more meaningful than just run display. As a reminder, the company has adopted a change to its fiscal calendar and as a result, our 2022 fourth quarter and fiscal year included an extra 6 days as compared with 2021. Important Note: This page refers to the media bias rating for the New York Times' news content only.