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5% in the quarter with growth in digital advertising nearly offsetting declines in print. The first thing to say is if we look back in history, changes the macroeconomic environment thus far at The Times have tended to have more impact on the ad business than on our subscription business. Do slightly better than nytimes. And I'll just say there, we felt that a bit in the quarter. And that gives us some greater sense of control, which you're getting at.
New York Times Fact Check Section Has Lean Left Bias: July 2021 Editorial Review. Before we begin, I would like to remind you that management will make forward-looking statements during the course of this call. Our first question comes from David Karnovsky from JPMorgan. Do slightly better than net.org. Adjusted operating costs are expected to be approximately flat compared with the fourth quarter of 2021. But we are now at a point that I think we've been predicting for quite a while where we believe the investments we've made in the product, the improvements we've made there are starting to really pay off to get the product to do some of the work that we used to have done with paid marketing. 81% of quotes were from Biden administration officials and other Democrats, and 19 percent were from Republicans.
I'll just add that we largely anticipated what we're seeing in advertising and that's been reflected in everything we've suggested. But on an adjusted basis, operating profit increased to $US141. I realize you had extra days. That looks like you're running well below that at this point. You may now disconnect. Third-Party Studies of New York Times Bias Finds Left Bias. I'll say, as we've said for a long time, we continue to invest thoughtfully into the newsroom. Since you're now guiding the year in terms of adjusted operating profit, is it possible just quantify the benefit of that extra week to the fourth quarter? 16 for the full year. The New York Times: All the black ink that's fit to print –. 4 million at December 31, the lowest they have been for years. And we continued to improve onboarding to the bundle to help new subscribers engage with multiple products. I'll close by looking ahead to 2023 and beyond.
The third quarter was our best quarter yet for bundle net additions, with a record number of bundle starts and percentage of starts taking the bundle. 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. I'm a little confused on that. And what I'd like to just say is we aim to modestly increase our margins this year in 2023. As Meredith noted, in the third quarter, the percentage of starts on the bundle doubled versus what we saw in the first quarter and we passed 1 million digital bundle subscribers. It's worth noting that we've modified the definition of adjusted diluted EPS to exclude the impact of amortization of acquired intangible assets to improve the comparability of earnings across periods. Even with the macroeconomic headwinds we anticipated playing out largely as we expected, we're showing the potential of our differentially valuable product portfolio and multi-revenue stream model to drive sustainable growth and profit improvement as we scale. Sales and marketing costs decreased approximately 45%, largely due to lower media expenses. Less likely to happen nyt. And I'd say that's been the case as long as we've been doing both things very, very broadly. 14a Patisserie offering.
I think the durability of the subscription model would suggest that our visibility on revenue remains pretty good. My other two questions real quick, if I could. 32 on a scale from -9 to +9, with 0 representing Center. And as Meredith mentioned, the actual return on the cost side, we believe to be strategic and that will be durable. Just wanted to better understand what you're seeing in the business that gives you the confidence to kind of increase the allocations to buyback and dividend? Buying or merging the weak News Corp would not have sat well with shareholders in the stronger Fox Corp. News blamed the tough macroeconomic environment and higher interest rates (which have boosted the value of the US dollar and generated higher translation losses when foreign revenue and earnings are converted into greenbacks) have been hurting the company. Taken together with the payment of our $0. Both overall and digital advertising revenues are expected to be lower by approximately 10% compared with the fourth quarter of 2021, which was our largest digital quarter ever, mainly due to macroeconomic conditions, on top of challenging comparisons to last year, especially in the technology category. To give you a sense of the pace of our progress: in Q3, the percentage of starts on the bundle was double what we saw in Q1.
Policy and legal experts accounted for slightly under 20 percent of the quotes. 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. This adjustment was $0. At this point, we don't see a reason to come off those expectations. In Q3, we began to see the benefits of our commitment to meaningfully slow cost growth. I want us to be perceived as fair and honest to the world, not just a segment of it. 219 billion and net income to shareholders slumped 76% to just $US107 million from $US431 million in the December, 2021 half. It's a seasonally strong quarter. 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 New York Times was accused of spreading disinformation in early 2021 after its story about a Capitol police officer being beaten to death with fire extinguisher story turned out to be untrue, after spreading rapidly through the press following the Jan. 6 Capitol breach. 4 million estimated by analysts. The company remains debt-free with a $350 million revolving line of credit available It's worth noting that our 2022 cash generation was adversely affected by the change in the tax deductibility of research and development expenditures. Operator Instructions] Please note, this event is being recorded. Harlan, I always forget what we disclose here. Please note that this guidance reflects the impact of an extra week in our fourth quarter of 2022 as compared with 13 weeks in the same period of 2021. We're reporting $348 million in adjusted operating profit for the year, an increase of $13 million versus last year. Digital advertising exceeded guidance as a result of better-than-expected performance in programmatic advertising and also in direct sold advertising from the advocacy and entertainment categories. Licensing revenues were lower primarily due to a one-time book deal in 2021.
Savings came from two major areas, and are part of a deliberate strategy we've been pursuing and describing for some time now. And I'll say one more thing. AllSides' August 2020 Blind Bias Survey, in which over 2, 000 people across the political spectrum blindly rated content from numerous media outlets, confirmed our Lean Left bias rating for the New York Times' news section. In case there is more than one answer to this clue it means it has appeared twice, each time with a different answer. How are you, your management team and your board of directors, think about capital returns going forward once that is exhausted here, given your very clean balance sheet. If so, the cuts will be easy peasy. And that's how we're thinking now, really asking ourselves, is there an opportunity to do that across the individual products for two reasons, to sort of compel people to take the bundle and also because tenured subscribers tend to be the ones who are getting the most value out of the product. And then there's been a fair amount said kind of about the exogenous factors, the big tech platforms are in some ways kind of shifting away from sending as much audience as they were sending to new sites. There's a possible restructure coming with Move, the 80%-owned US real estate listings business, on the block. 1 million in the same period of 2021 "as higher digital subscription revenues at The New York Times Group segment and the impact from six additional days in the quarter were more than offset by a one-time charge related to the Company's withdrawal from a multi-employer pension plan and operating losses at The Athletic (a sports skewing website) segment.
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