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New York Times Co. (NYSE: NYT) is a renowned American media company best known for its flagship newspaper, The New York Times. Established as a leader in independent journalism, the company also manages the International New York Times and several digital properties, including NYTimes.com and various smartphone applications. The company's operations are divided into two main segments: New York Times Group (NYTG) and The Athletic. Both segments derive substantial revenue from subscriptions, advertising, and other sources, with subscriptions being the predominant revenue stream.
In a significant strategic move, the New York Times Co. has announced plans to rebrand the International Herald Tribune as the International New York Times, set to launch in October 2013. This initiative aims to offer a tailored, multiplatform version of the newspaper to cater specifically to global audiences.
In recent developments, the company has entered into a noteworthy collaboration with PressReader, a global platform that will expand the reach of The New York Times to over 150 countries. This partnership enhances accessibility to the newspaper's award-winning journalism, which includes the highest number of Pulitzer Prizes among news organizations. Through PressReader's extensive network, The New York Times will now be available in diverse settings, from remote research centers in Antarctica to public libraries and patient-care facilities outside the U.S.
This global expansion is part of the company's broader mission to deliver high-quality, original journalism to a worldwide audience. With more than nine million subscribers across various print and digital products, including news, cooking, games, and sports, The New York Times continues to evolve from a regional news leader into a diversified media powerhouse. For the latest updates and comprehensive news about the company, visit NYTCo.com.
The New York Times Company (NYSE: NYT) will release its second-quarter 2021 financial results on August 4, at approximately 7:00 a.m. E.T. The results will be available on the Company’s investor relations website. An earnings conference call is scheduled for the same day at 8:00 a.m. E.T., with a live webcast accessible online. A replay of the call will be available for two weeks. The New York Times Company boasts over 7 million subscriptions across various media products, reflecting its evolution into a diversified media company.
The New York Times Company (NYSE: NYT) has appointed Jason Sobel as chief technology officer, effective August 23, 2021. Sobel brings nearly 20 years of experience from notable firms like Airbnb and Facebook, where he tackled high-scale technical challenges.
President and CEO Meredith Kopit Levien highlighted Sobel's expertise in technology as vital for the company's journalism and subscription growth. Sobel expressed enthusiasm for leading a talented team to enhance The Times's technological capabilities in journalism.
The New York Times Company’s Board of Directors has declared a regular quarterly dividend of $.07 per share for both Class A and Class B common stock. This dividend will be payable on July 22, 2021, to shareholders on record by the close of business on July 12, 2021. The company, known for its quality journalism, has over 7 million subscriptions across various digital and print products.
The New York Times Company (NYSE:NYT) will participate in the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25 at 9:30 a.m. E.T. The presentation will be virtually conducted by Meredith Kopit Levien, CEO of The New York Times Company. A live webcast link will be available on the company's website, with an archive accessible for 90 days post-event. The New York Times Company serves over 7 million subscriptions, providing a range of quality journalism and media products, showcasing its commitment to independent reporting.
The New York Times Company (NYSE: NYT) reported a first-quarter 2021 diluted EPS of $0.24, up from $0.20 in 2020. Adjusted diluted EPS rose to $0.26 from $0.17. Subscription revenues increased 15.3% to $329.1 million, powered by digital-only subscriptions, which grew 38.1% to $179.6 million. Operating profit surged to $51.7 million from $27.3 million, driven by a rise in digital subscriptions and advertising revenue. The company ended the quarter with over 7.8 million subscriptions. Predictions for the second quarter include a 15% rise in subscription revenues.
The New York Times Company (NYSE: NYT) will hold its first-quarter 2021 earnings conference call on Wednesday, May 5 at 8:00 a.m. E.T. The earnings announcement will be available earlier that day on NYTCo.com. Participants can pre-register or dial in directly to access the call. An archive of the webcast will be accessible about two hours after the call, with an audio replay available until May 20. The Times continues to grow its subscriptions, boasting over 7 million across various media formats, underlining its evolution into a diversified media company.
The New York Times Company has nominated Beth Brooke for election as a director during its 2021 annual meeting, replacing Robert E. Denham, who is retiring after 13 years on the board. A.G. Sulzberger, chairman of the company, praised Brooke's extensive financial and strategic experience from her 38-year tenure at Ernst & Young LLP and her commitment to diversity and inclusiveness. Denham has played a significant role in the board's evolution, including overseeing the company's digital transformation.
The New York Times Company (NYSE:NYT) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 2, 2021. Meredith Kopit Levien, the president and CEO, will engage in a fireside chat at 8:45 a.m. ET. This session will be available for live streaming on the company's investor website, with an archive accessible for 90 days afterward. The New York Times Company is renowned for its high-quality journalism and innovative storytelling across its platforms.
The New York Times Company (NYSE: NYT) reported fourth-quarter 2020 earnings with diluted EPS from continuing operations at $0.06, down from $0.41 in Q4 2019. Adjusted diluted EPS was $0.40, slightly below $0.43 from the previous year. Total revenues increased marginally to $509.4 million, driven by a 14.7% rise in subscription revenues to $315.8 million. Digital-only subscription additions surged to 2.3 million for the year. The company declared a $0.07 dividend, payable April 22, 2021. Cash and marketable securities reached $882 million, reflecting strong digital subscription growth.
Wright's Media has partnered with Wirecutter, a product recommendation service owned by The New York Times Company (NYSE: NYT), to enhance content licensing efforts. This collaboration aims to amplify brand visibility for products recommended by Wirecutter through a strategic licensing approach, enabling consumers to trust and appreciate the endorsed products. Wright's Media will leverage its expertise in content licensing to support Wirecutter's mission of simplifying consumer purchasing decisions.
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