Articles about "New York Times Co."


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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. 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. Read more

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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. Read more

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Report: NYT will consider more sponsored content, with advice from BuzzFeed

Bloomberg
The New York Times Co. “is considering letting advertisers sponsor more stories on its website,” Edmund Lee reports. Lee writes that Times Co. CEO Mark Thompson and Chairman Arthur Sulzberger have had several meetings about the idea, and that “outside executives such as BuzzFeed CEO Jonah Peretti were brought in to talk about creating successful ‘native ads,’ which often take the form of sponsored stories.”

Times Co. Advertising Vice President Todd Haskell told Lee the company is considering “ways you can use journalistic storytelling techniques in how you could present a narrative for our clients without misleading or confusing the reader.” Times Executive Editor Jill Abramson said recently she worried about “leaving confusion in readers’ minds about where the content comes from, and purposefully making advertising look like a news story.”

The Times is already using sponsored content on one of its mobile apps.

Previously: New York Times Co., Hearst Magazines introduce native advertising Read more

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New York Times Co., Hearst Magazines introduce native advertising

Nieman Lab | New York Times Co. | Adweek

The New York Times Co. and Hearst Magazines are among the latest publishers to introduce advertising presented as editorial content in their mobile and digital spaces.

Native advertising is advertising that resembles an article in its host publication but is actually provided by an advertiser or outside company. The Times is using native advertising provided by bike-sharing company Citi Bike in its “things-to-do” app The Scoop. Joshua Benton checks it out:

If most native advertising tries to make sponsor-provided content look a bit like a news article, this tries to make it look a bit like a regular ol’ tab in a mobile app. What’s interesting is that the “content” here is less a collection of words and pictures than a real-time data service. It’s a callback to the classic news advertising idea — we assemble the audience, you provide the content, we make a match — in a mobile, apped-up world.

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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.” Read 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. Read 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. Read 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.

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