Articles about "New York Times Co."


At Columbia Business School Sunday, New York Times Co. President and CEO Mark Thompson spoke to new MBAs about “conventional wisdom and all the apparently excellent advice that flows from it.”

Take my industry. The movies are finished. TV advertising is dead. Exactly what happened to music will happen to TV. Nobody wants news anymore. No one will ever pay for anything on the internet. Not just said, but said widely and widely believed. And – for the most part and within the time horizon which the prophets themselves were suggesting – just plain wrong.

Jeff John Roberts, Paid Content

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New York Times Co. announces ‘new strategy for growth’

The New York Times Co. | The New York Times Co. | The New York Times
The New York Times Co. unveiled "a series of strategic initiatives" Thursday morning concurrent with its first-quarter earnings report.

Among the planned initiatives are the next phase in The Times’s digital subscription/paid products strategy; an international expansion under the new unified brand; and a renewed emphasis on both video production and brand extensions.
Among the new products, to be introduced at the end of this year and the start of 2014: a "lower-priced paid product designed to allow access to The Times’s most important and interesting stories" and an "enhanced tier that would offer extras at a higher price point to 'all digital access' and print subscribers." (more...)
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International Herald Tribune to be renamed International New York Times

The New York Times Co. | The New York Times
Good-bye, International Herald Tribune: The New York Times Co. is rebranding its European newspaper. The company believes "there is significant potential to grow the number of New York Times subscribers outside of the United States,” Times Co. CEO Mark Thompson said in a statement.

The IHT has "had three different nameplates in its 125-year history, with ‘New York’ in its title for 80 of those years," its publisher, Stephen Dunbar-Johnson, said in the same statement. (more...)
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Boston Globe sale precipitated by $100 million bid in January

Former Boston Globe President Rick Daniels leads an investor group that offered "more than $100 million" for The Boston Globe in January, Keach Hagey reported Friday night.

"The Times has been in quiet talks for the past year with the buyer group," Hagey reported. (more...)
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Who will buy The Boston Globe?

The New York Times Co. announced Wednesday afternoon that it would seek a buyer for its New England Media Group, which includes The Boston Globe and the Worcester Telegram & Gazette.

Globe and T&G employees are only some of the people who'd like to know who might buy the properties. They'll have town hall meetings on Friday with Times Co. vice chairman Michael Golden, Globe Publisher Chris Mayer told staffers in an email Wednesday evening. But the rest of us can only rely on published accounts wondering who might bite on the papers, a process Mayer said he expects "will take several months"...

• Probably none of the people who tweeted #whenibuytheglobe Wednesday. But some of their business plans are pretty funny. (more...)
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New York Times Co. will explore sale of Boston Globe

The Boston Globe | The New York Times Co. | Bloomberg | Politico | The New York Times
The New York Times Co. has hired Evercore Partners to advise it on a possible sale of The Boston Globe, the Globe's Beth Healy writes, confirming a report by Bloomberg's Edmund Lee and Jeffrey McCracken.

“Our plan to sell the New England Media Group demonstrates our commitment to concentrate our strategic focus and investment on The New York Times brand and its journalism,” Times Co. CEO Mark Thompson said in a press release. The New England Media Group also includes the Worcester Telegram & Gazette and the Globe's online properties.

"We are seeing the first fruits of Mark Thompson's yet-to-be-fully-revealed new strategy," Poynter business analyst Rick Edmonds said in an email. "The Times Co. has a very full plate managing its flagship -- including ambitious and probably expensive plans for international expansion on top of a raft of digital initiatives. The Globe and its issues are a distraction from that work and possibly a strain on financial resources as well." (more...)
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NYT company reports 668,000 digital subscribers as of the fourth quarter

The New York Times Co. | The New York Times
Advertising revenue was down and circulation revenue was up at the New York Times company in the fourth quarter of 2012. The company announced its fourth-quarter and full-year earnings Thursday. Its digital businesses are adding customers, with 668,000 paid digital subscribers company-wide.
Paid subscribers to The New York Times and the International Herald Tribune digital subscription packages, e-readers and replica editions totaled approximately 640,000 as of the end of the fourth quarter of 2012, an increase of approximately 13 percent since the end of the third quarter of 2012. Paid digital subscribers to BostonGlobe.com and The Boston Globe’s e-readers and replica editions totaled approximately 28,000 as of the end of the fourth quarter of 2012, up approximately 8 percent since the end of the third quarter of 2012.
Advertising revenue was down 3.1 percent over the same period in the previous year. Circulation revenue was up 16 percent.

The trajectory of both revenue streams means, "The past year marked the first time that circulation revenue surpassed advertising revenue," the Times reported. "Circulation revenue grew by 10.4 percent, to $952.9 million, mainly from the growth in digital subscriptions and the rise in print circulation prices. Advertising for the year declined 5.9 percent, to $898.1 million." (more...)
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Department of Energy funded one-year study of New York Times building

The New York Times Co.
The Lawrence Berkeley National Laboratory spent a year studying energy use at the New York Times building in New York. The study, "A Post-occupancy Monitored Evaluation of the Dimmable Lighting, Automated Shading, and Underfloor Air Distribution System in The New York Times Building," was funded by the U.S. Department of Energy and the California Energy Commission. The Times Co. provided "[i]n-kind support for the research," a press release says.

Among the report's findings (full report here): (more...)
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Mark Thompson says he didn’t see letter about BBC allegations sent on his behalf

The New York Times
Mark Thompson says he was not aware of the details in a letter he authorized threatening London paper The Sunday Times with "defamation proceedings" over an article it was preparing about BBC program "Newsnight"'s decision to drop an investigation into sex-abuse charges against one of its stars, Jimmy Savile, reports Matthew Purdy.

The letter was prepared in September by a law firm and "included a summary of the alleged abuse, including the allegation that some abuse might have occurred at the BBC," Purdy writes. It "appears to have been the last in a string of opportunities for Mr. Thompson, while director general, to have gotten a fuller picture of Mr. Savile and the 'Newsnight' program," he writes.

Thompson is now the CEO of the New York Times Co. He declined to comment for the Times' article, but a former aide told Purdy, “It’s not clear if he was shown it, but he doesn’t remember reading it." (more...)
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BBC reaches a settlement with politician it called a sex abuser

Sky News | The New York Times | "The Daily Show" | Time
The BBC has reached a settlement with Lord McAlpine, the politician it erroneously fingered as a sexual predator in a report on its "Newsnight" program.

But how did the BBC botch that report so soundly -- especially after after it killed a "Newsnight" story about a BBC presenter credibly accused of pedophilia?

It's not for lack of editorial process, Sarah Lyall and Nicholas Kulish write: After a 2004 scandal,

The corporation also appointed a deputy director general in charge of news operations; established a “journalism board” to monitor editorial policy; issued numerous new guidelines on journalistic procedures; and put an increasing emphasis on “compliance” — a system in which managers are required to file cumbersome forms flagging dozens of potential trouble spots, from bad language to “disturbing content” like exorcism or beheadings, in every program taped for broadcast.
(more...)
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