London is set to form part of a planned $50m international expansion of the New York Times.
The US title already has around 65 staff in London, including around 35 editorial. Under the Our Path Forward scheme, the NYT is planning to further expand its online footprint in English-speaking markets around the world.
In a memo to staff the company said today: "Just as The Times became a truly national news organisation in a previous generation, we believe we now have the opportunity to become an indispensable leader in global news and opinion.
"A team of our top editors and business executives has identified a large, untapped, international audience for Times-style 'without fear or favor' journalism. While we are already seeing significant growth in consumer revenue from international markets, we believe we can achieve much more by better engaging our non-US readers and reporting for them as well as about them.
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"Therefore, while our overall company aim is to double digital revenues by 2020, we are setting even more ambitious targets for our international growth."
The investment will come over the next three years.
The memo said: "At a time when journalism and independent media around the world are under acute pressure, from forces both financial and political, The New York Times has never had a better opportunity to expand its mission and its reach. Now is the moment for us to accept the challenge."
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