NYT investing US$50m in global digital expansion

New York

THE New York Times announced plans on Thursday to invest US$50 million into efforts to boost digital readership and revenue outside the US.

The prestigious US daily said it was creating a new "international digital growth team" to help promote the Times to global audiences.

The paper has one of the world's largest newsroom operations but has been making a slow transition to the digital era, especially in the global arena where Internet-only news sites have b…