Hearst Projects 1 Million Digital Subscribers by the End of 2012

NEW YORK - JUNE 15: The new Hearst Tower stands June 15, 2006 in New York City. The new world headquarters of the Hearst Corporation opened in May and sits atop a six-story Art Deco pedestal built in 1928. (Photo by Mario Tama/Getty Images) Photo: Mario Tama/Getty Images

Hearst president David Carey says the publishing corporation is on target to reach a total of more than one million digital subscribers by the end of next year. Close to 400,000 tablet owners have already purchased subscriptions, with current sign-ups increasing at a rate of around 10 percent monthly— which Carey predicts as a consistent growth factor through 2012.