Articles about "New York Times Co."


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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 … Read more

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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. (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 nytco.com, 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. (more...)
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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."
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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: (more...)
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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. (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.” (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
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Boston Globe bids are due today

Bloomberg | Financial Times | Boston Globe
Bids for the Boston Globe are due Thursday, and Bloomberg's Edmund Lee reports they're likely to come in at around $100 million -- a significant haircut given the $1.1 billion the New York Times Company paid for the Globe in 1993.

That's about $200 million less than Aaron Kushner offered in 2011, Lee reports, and $400 million less than Jack Welch offered in 2006. (more...)
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