Articles about "New York Times Co."


Ad revenue rises at New York Times Co.

The New York Times Company | The New York Times

Advertising and circulation revenue rose at The New York Times Company in the first quarter of 2014. Times Co. CEO Mark Thompson said in an earnings release that while the company is “pleased with this result,” it is “certainly not claiming victory in advertising yet.” Both digital and print advertising revenue rose, for a combined total that was 3.4 percent higher than the same period in 2013.

The Times’ native advertising product, Paid Posts, “launched very successfully” during this quarter, Thompson said.

The company says it now has about 799,000 digital-only subscribers, an increase of 39,000 over the first quarter of 2013. Circulation revenues were up 2.1 percent. It expects circulation revenue “to increase in the low-single digits in the second quarter of 2014″ over the same period in 2013.

The company’s operating costs went up 3.8 percent, “mainly due to higher compensation and benefits expenses associated with the strategic growth initiatives as well as higher retirement costs,” the earnings report says.

Earlier this month the Times introduced two new tiers of subscriptions: A no-frills product, where readers get access to some stories via an app called NYT Now, and a high end one that promises “the highest level of connection with The New York Times.” It launched a news startup, The Upshot, this week.

Regarding the new products, Thompson said he is “pleased with the reception thus far and by the continued strength of our core digital subscription packages, which grew by 18% year-over-year in Q1.” Read more


New York Times will launch new subscription products April 2

The New York Times plans to launch two new subscription products on April 2: NYT Now, a standalone iOS app that costs $8 a month, and Times Premier, which the company describes as a “premium subscription service designed for The Times enthusiast.”

NYT Now — which you can also access if you have a traditional digital and/or home delivery subscription — presents readers with what its lead editor, Clifford Levy, called “the most important and compelling stories from The New York Times over the course of the day,” and it will also serve up stories from other sections, depending on the time of day you look at the app. A screen called “Our Picks” takes readers to stories at other outlets, or sometimes to older New York Times stories. (The Times has no plans yet to build an Android version. “Our first step is launching on iPhone,” Times spokesperson Linda Zebian writes in an email.)

“We’re basically curating the Web so you don’t have to,” said Levy. “This has been an enormous hit with the people who’ve tested the app.” NYT Now has its own editorial staff of about 15-20, a newsroom within the newsroom, and Levy said he’s asked editors and reporters throughout the Times to send suggested links. Outsiders who have tested the app “have told us they’re going to Twitter and Facebook less because they have this,” he said.

“We think it just enhances our relationship with the reader,” said Times Co. Executive Vice President Denise Warren, who oversees the company’s digital products, in another phone call. With so much content banging around, “Who better to go to for some judgment than The New York Times?”

The Times isn’t just sharing links to be nice. Mobile news apps “are largely a morning idiom,” Levy said. Although about half the Times’ traffic comes through mobile now, “in the normal news day it’s hard to get people to come to news apps in the afternoon and evening,” he said. In testing, they found that later in the day, people came back to the app to check out the curation feed.

NYT Now aims to be more than just a news reader, Levy said. “We want our readers to feel like this app really knows them, really knows the rhythms of their day.” The app greets you with a briefing that says, “Good morning.”

“I know it sounds relatively trivial,” Levy said, but many testers told him, “Wow, The New York Times has never talked to me like that before.” Some content on the app will take a more conversational tone, while hard news will not. But the story feed — which Levy said would use the “well,” or center of the Times homepage, as a guide for story selection — offers some other ways in to content. Some stories have bullet-point summaries.

Other “cards” on the app’s feed present longer reads at various times of day: A “lunchtime read” and a “nice lean-back read” at night. Those are displayed with an estimate of how long they’ll take to get through. The Times worked with Apple to time those pieces to an iPhone’s internal clock — if you live in Honolulu, you won’t get the lunchtime read as you bumble your phone off your bedside table.

There’s not much customization available on the app right now. “We would love to make all of our products more personalized,” Warren said. “Right now this is how we’re launching; we want to get it in the marketplace.” Levy said the ability to save stories for later is a kind of customization. The company will collect data on how people use the app and adapt as necessary, he said.

Non-subscribers can view 10 articles per month on the app, the same number of stories they can see on “We just thought we should be consistent,” Warren said. “You have to start somewhere.” Should they look at the Times’ website on another platform, NYT Now subscribers will also see a special icon next to stories unlocked on the app that means they can read them.

The only advertising on NYT Now will be “Paid Posts,” the Times’ native advertising units.

So what about Times Premier?

Times Premier is for “our current loyalists, the people who want the highest level of connection with The New York Times,” Warren said. It will cost $45 per four-week period or an additional $10 on top of a home-delivery subscription. Some of the stuff you get for $585/year:

  • “Times Insider,” a behind-the-curtain feature about the company’s journalism edited by Dave Smith. When I mentioned to Warren that some of us outside the Times kind of enjoy doing those stories from time to time, she laughed and said, “Competition is good!”
  • Family access, which lets you share your account with two family members. Current subscribers may have received a notice they can share their subscription with another family member, something for which Warren said “I don’t think we’ve done the best job marketing.” People don’t want to share their passwords, she said. This is better for them.
  • Some premium bennies like two free e-books per month, reserved seating at Times events and a special pack of crosswords.

More curation

The Times is also launching a twice-weekly email roundup called “What We’re Reading” that sends links to off-site articles chosen by Times people like David Carr and Jodi Kantor. “Curation is kind of a theme for us,” Warren said. “We think that will add a lot of value to subscription bundles.” Read more

Lighted globes mark the loading docks of the New York Times building, Monday Jan. 23, 2005. Newspaper publisher New York Times Co. reports earnings for the fourth quarter on Tuesday, Jan. 24. The Times, which also owns the Boston Globe and International Herald Tribune, said in December it expects fourth-quarter earnings of 45 cents to 47 cents per share, sharply below year-ago profit of 75 cents, due to the difficult advertising environment. (AP Photo/Richard Drew)

New York Times digital subscriptions grew 19% in 2013

The New York Times Company | The New York Times

The number of digital subscriptions to New York Times Company products grew from 640,000 at the end of 2012 to 760,000 at the end of 2013, a gain of nearly 19 percent. Revenue from circulation was up about 4 percent over the previous year, the company’s year-end earnings report says.

Print advertising revenue was down 7 percent for the year, and digital advertising fell a little more than 4 percent over 2012. Over all, advertising revenue was down a little more than 6 percent.

Other revenue, which the company says includes “news services/syndication, digital archives, rental income and conferences/events,” dropped 2.5 percent.

In the fourth quarter of 2013, circulation revenue was down about 4 percent and ad revenue was down about 6 percent. Read more

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New York Times’ corporate site gets a data-filled makeover

On Tuesday, the first edition of the International New York Times debuted. The day before, the Times’ parent company’s website also got a fresh face.

On, you’ll now see changing points of data over images from New York City, Paris and Hong Kong, as well as the company’s printing facility in College Point, Queens.

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New York Times Co. pays dividend for first time since 2008

The New York Times | The New York Times Co. | Bloomberg News

The New York Times Co. will pay shareholders a four-cent-per-share dividend next month, the company announced Thursday. It’s the first time since the end of 2008 that the company has made such a payment to its shareholders, Christine Haughney reports.

The dividend “will allow us to return capital to our shareholders while maintaining the financial flexibility necessary to continue to invest in the company’s transformation and various growth initiatives,” Times Co. Chairman Arthur Sulzberger Jr. said in a statement.

Members of the Ochs/Sulzberger family, who control ownership of the Times via one class of stock, have pushed for dividends to resume, Edmund Lee reports: “If the dividend remains at 4 cents a share, the family’s 13 percent stake in the company would give it $774,163 each quarter, or $3.1 million annually from the dividends.” Read more


Mark Thompson: Keeping Nate Silver at NYT was not ‘an overwhelming priority’

New York

Joe Hagan’s look at New York Times Co. CEO Mark Thompson’s tenure so far contains many, many tweetable and chewable moments for New York Times obsessives — his presence in the newsroom “was like a belch in a cathedral nave,” for instance, and Sam Sifton was moved from the national desk to create an online magazine “inspired by the corporate consulting firm McKinsey & Co.”

But perhaps the most intriguing nugget is that Nate Silver decided to leave the Times “because he felt it was Thompson who had not committed to building his franchise.”

For [Executive Editor Jill] Abramson, Silver was a tentpole attraction for her favorite subject, national politics, and brought the kind of buzz she thought valuable. In an interview, Thompson confirmed that keeping Silver was not at the top of his agenda: “I would not say it was an overwhelming priority,” he says. “During the election period, he was obviously a very significant figure. Off-season, it’s a slightly different story.”

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New York Times website was down Wednesday

The New York Times’ website went down Wednesday morning. It went back up in the afternoon but service was intermittent. Poynter makes no representation about the availability of the site. Both the main Times site and the New York Times Co.’s corporate site were “experiencing a major cyber attack,” Matt Egan and Jennifer Booton report on Fox Business. “Our web site is down and we believe the outage is the result of an internal issue that we’re working on resolving,” Times spokesperson Eileen Murphy tells Poynter in an email.

While the site was down, the Times posted an article about Egypt to Facebook.

The Wall Street Journal announced on Twitter it would drop its paywall for two hours:

Twitter is also the place to go for jokes about the Times’ site being down: Read more

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Arthur Ochs Sulzberger

Sulzberger: ‘The New York Times is not for sale’

The New York Times | Politico | New York

The Times is not for sale,” New York Times Publisher Arthur Sulzberger Jr. wrote in a memo to staff Wednesday evening. “Wednesday’s statement was released shortly after Mr. Sulzberger held a closed-door meeting with family members,” Christine Haughney reports.

Dylan Byers has the whole memo, which follows increasing speculation that the Sulzberger-Ochs family might be tempted to follow the lead of the Washington, D.C. Graham family and sell their newspaper. Read more

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Following Washington Post sale, some wonder if New York Times will be sold next

The Washington Post | The Huffington Post | PBS NewsHour

“One was just sold to a baron of the Internet age,” Paul Farhi writes about The Washington Post’s parallels with The New York Times. “How long before the other one is?

Farhi reels out reasons the Sulzberger-Ochs family, which controls the Times, might want to sell. Times spokesperson Eileen Murphy “reiterated the company’s intent to remain independent,” he writes.

The Graham family’s decision to sell the Post “gives people inside the [Sulzberger] family who’ve wanted to sell ammunition,” news industry analyst Ken Doctor tells Michael Calderone and Eleazar David Melendez.

“I can tell you that a lot of rich people have plunked down huge amounts of money in front of the Sulzbergers and they’ve not bitten yet,” Sulzberger family biographer Alex S. Jones told them. “I think never is –- you know, you never say never. But I don’t think so now. I think they feel like they’ve got a future.” Read more

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Digital subscriptions up 35% at New York Times & IHT, 70% at Boston Globe

The New York Times Company | The New York Times

Circulation revenues in the second quarter of 2013 rose 5.1 percent over the same period the year before, a company earnings report says. Advertising revenue fell 5.8 percent over the same period. Overall, revenue was down by .9 percent. The company’s operating profit was up 21 percent.

At the company’s New England Media Group, which includes The Boston Globe and the Worcester Telegram & Gazette, all revenue was down: circulation revenue fell 2.3 percent, advertising revenue dropped 9.5 percent and other revenue — which includes printing operations — was down 14 percent.

The Times Co. is in the process of selling the New England Group.

The New York Times and the International Herald Tribune had about 699,000 subscribers, a 35 percent increase over 2012, and the Boston Globe had about 39,000 digital subscribers, up 70 percent. At the end of last year, the Times Co. reported 668,000 paid digital subscriptions across the company.

Previously: New York Times Co. announces ‘new strategy for growth’ | International Herald Tribune to be renamed International New York Times | NYT company reports 668,000 digital subscribers as of the fourth quarter Read more