The New York Times and Scribd launch joint subscription bundle

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The New York Times Company is partnering with reading subscription service Scribd to offer a subscription bundle, the companies said Wednesday. Subscribers will get unlimited digital access to The New York Times and Scribd's library of books and audiobooks for a fee of $12.99 a month. Normally, a Scribd subscription costs $8.99 a month while a basic New York Times digital subscription costs $9.99 a month. The two companies have worked together before, teaming up in 2017 to offer a student bundle where students could access both Scribd and The New York Times for four months (or one semester). Scribd has over 750,000 subscribers and draws over 100 million unique visitors per month. Shares of the New York Times have gained 41% so far this year, while the S&P 500 has gained 5%.