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. The New York Times: All the black ink that's fit to print –. Contrast their moves with those from the New York Times Co – better than expected revenue and earnings performance, as well as subscriber numbers and a $US250 million increase in its share buyback (see below). Total subscription revenues are expected to increase 6% to 9% compared with the first quarter of 2022, with digital-only subscription revenue expected to increase approximately 13% to 16%. The New York Times initially said that Sicknick was "struck by a fire extinguisher, " citing two unnamed law enforcement officials. 16 better than the prior year.
And that's the huge area of focus. And I want to acknowledge the announcement we made just before the year turned, that my friend, and long-time Times colleague, Roland, will retire midyear. Again, excluding the estimated impact of the 6 days, total advertising revenues decreased almost 2. Are you guys thinking about potentially upping that significantly here? Less likely to happen nyt. The New York Times public editor (ombudsman) Elizabeth Spayd wrote in 2016 that "Conservatives and even many moderates, see in The Times a blue-state worldview. You might expect to see a little bit of that in cancellations from the economy, and we did not see that. You've seen this quarter a good illustration of what we've been able to do on the cost side.
I've already indicated our progress on the first two, and I'll note that we like what we see so far on our individual product price increase tax. I'll give you one more kind of technical detail. Do slightly better than net.com. 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. It's a really difficult goal. 219 billion and net income to shareholders slumped 76% to just $US107 million from $US431 million in the December, 2021 half.
They found that the headlines were usually neutral, but there was considerable bias in who was quoted, with Democratic officials, progressive advocates, and borrowers quoted significantly more than taxpayers or taxpayer advocates. And in light of this updated capital return target, the Board of Directors has approved both a $0. And I guess the last thing I'd say is both the dividend increase and the new share purchase authorization at the levels we announced reflect the company's balanced approach to returning capital. And we signed a multiyear commercial agreement with Google at the end of the year, which stretches across many facets of our business, including content distribution, marketing and product experimentation. Better than i expected nyt. This is largely consistent with the 105% funded status we reported at year-end 2021, a strong result in light of the general market performance in 2022. Even in a difficult market, The Athletic is attracting new advertisers and securing incremental ad buys from existing Times advertisers. How we determined this rating: -. The New York Times Bias Rated Lean Left in March 2013 AllSides Blind Bias Survey. But we're now living through a period of what I'd call prolonged inflation and we're paying close attention to what other companies are doing around inflation and price rises. And we continued to improve onboarding to the bundle to help new subscribers engage with multiple products.
54a Some garage conversions. Sales and marketing costs decreased approximately 45%, largely due to lower media expenses. At the end of December, Foxtel's total closing paid subscribers were more than 4. 5 million December quarter revenues. We now expect adjusted operating profit on a consolidated basis of between $320 million and $330 million dollars, even with the dilution from our acquisition of The Athletic. But whatever the news cycle, we now have a number of other things that will appeal as well. And some will remember, we did that with a tenured price increase on news, I think, a couple of years ago now, Roland. There was no estimate on the cost cuts except a leaked story this week that $A20 million would be cut from News Corp Australia by 2025. We had a very strong year — strong first year of execution. One, The Times has a pretty wide base of advertisers, but we get particular campaigns from those advertisers. With Move to be sold, it's not certain if the News cuts estimate includes jobs that will go in the sale. We reached record highs on both metrics by year-end with more than 30% of new subscribers taking the bundle. And one of the things we're really pleased to see in the early days with The Athletic, and I think we launched ads in September, Roland and Harlan are nodding.
Other Across Clues From NYT Todays Puzzle: - 1a Trick taking card game. Digital subscriber revenue in the quarter grew in line with our expectations, driven mostly by the continued transition of early tenured subscribers to higher prices. Total subscription revenues increased approximately 11. Turning to the quarter. Meredith Kopit Levien - President and Chief Executive Officer. 47a Potential cause of a respiratory problem. I think I think the moves we made and announced last February showed a bit of a shift in our philosophy, which we think was a positive step to be able to return capital to shareholders. I'll turn now to our third-quarter subscriber results. The New York Times was founded in 1851 by Henry Jarvis Raymond and George Jones and has been published continuously ever since.
The Times now has more than 9. Meredith, you noted in your prepared remarks, potentially increasing prices on the standalone products to drive bundle uptake. We reported adjusted operating profit of $142 million in the quarter, higher than the same period in 2021 by over $32 million. Our ambition here is to become one of the leading players in global sports journalism, and we're confident that in doing so, we'll create significant value for shareholders. The stronger US dollar saw News' December quarter revenue fall 7% to $US2. This was the first full quarter that The Athletic has been part of the bundle, and we began to more aggressively market it as such to prospects. It will ebb and flow. Given the challenging macroeconomic backdrop, we feel this updated guidance reflects the strength of our model and soundness of our essential subscription strategy. And we also talked a lot last year and really this year about the importance of subscriber engagement, which is like the most important leading indicator on churn, and we also feel quite good about our ability to drive that through the differential quality and value of the product, the widening product set, but also the kind of product interventions we make when we enhance how the product works.
We expect that this will result in slower additions of subscribers on a standalone basis for some time, as it did in the third quarter. And the 180, 000 was sequentially similar. I don't have a lot more to say about it today. Adjusted operating profit at The New York Times Group was approximately $149 million, an increase of $40 million compared to the prior year while The Athletic had adjusted operating losses of approximately $7 million. The story was finally laid to rest when a medical examiner ruled in April that Sicknick died of natural causes and did not find any evidence of internal or external injuries. The original Times article was headlined, "He Dreamed of Being a Police Officer, Then Was Killed By a Pro-Trump Mob. Even amid ongoing macroeconomic headwinds, we believe the strength of our subscription-first, multi-revenue stream model will enable us to build a larger, more profitable business. Quarterly revenue for the overall Dow Jones segment rose 11% from the year-earlier period. In January 2021, The New York Times reported on the death of officer Brian D. Sicknick, a Capitol police officer who responded to the Jan.
Douglas Arthur - Huber Research Partners. That was largely an audio business.
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