The New York Times Company Reports 2021 Fourth-Quarter and Full-Year Results
The New York Times Company (NYSE: NYT) has set a target of achieving at least 15 million subscribers by the end of 2027. The company has successfully completed the acquisition of The Athletic, enhancing its media portfolio. Additionally, NYT announced a dividend increase and a new share repurchase program aimed at returning value to shareholders. The company invites investors to its earnings conference call today at 8:00 a.m. E.T..
- Target to reach at least 15 million subscribers by year-end 2027.
- Completion of The Athletic acquisition boosts content offerings.
- Announcement of dividend increase enhances shareholder value.
- Introduction of a new share repurchase program signals confidence in financial health.
- None.
Targets at least 15 million subscribers by year-end 2027, completes acquisition of The Athletic, and announces dividend increase and new share repurchase program
As previously announced,
An archive of the webcast will be available beginning about two hours after the call at investors.nytco.com. An audio replay will be available at 877-344-7529 (in the
About
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements relating to the potential benefits of the acquisition of The Athletic and its expected impact on the Company’s future performance. Terms such as “aim,” “anticipate,” “believe,” “confidence,” “contemplate,” “continue,” “conviction,” “could,” “drive,” “estimate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “opportunity,” “optimistic,” “outlook,” “plan,” “position,” “potential,” “predict,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would” or similar statements or variations of such words and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based upon our current expectations, estimates and assumptions and involve risks and uncertainties that change over time; actual results could differ materially from those predicted by such forward-looking statements. These risks and uncertainties include, but are not limited to: the impact of the Covid-19 pandemic; significant competition in all aspects of our business; our ability to improve and scale our technical infrastructure and respond and adapt to changes in technology and consumer behavior; our ability to continue to retain and grow our subscriber base; numerous factors that affect our advertising revenues, including economic conditions, market dynamics, audience fragmentation, evolving digital advertising trends and the evolution of our strategy; damage to our brand or reputation; economic, geopolitical and other risks associated with the international scope of our business and foreign operations; our ability to attract and maintain a highly skilled and diverse workforce; adverse results from litigation or governmental investigations; risks associated with the recent acquisition of The Athletic, including, among others, those related to the integration of The Athletic into the Company, the Company’s ability to realize the anticipated benefits of the acquisition and the risks associated with its business and operations; the risks and challenges associated with investments we make in new and existing products and services, including The Athletic; risks associated with other acquisitions, divestitures, investments and other transactions; the effects of the fixed cost nature of significant portions of our expenses; the effects of the size and volatility of our pension plan obligations; liabilities that may result from our participation in multiemployer pension plans; the impact of labor negotiations and agreements; increases in the price of newsprint or significant disruptions in our newsprint supply chain or newspaper printing and distribution channels; security breaches and other network and information systems disruptions; our ability to comply with laws and regulations, including with respect to privacy, data protection and consumer marketing practices; payment processing risk; defects, delays or interruptions in the cloud-based hosting services we utilize; our ability to protect our intellectual property; claims of intellectual property infringement that we have been, and may be in the future be, subject to; the effects of restrictions on our operations as a result of the terms of our credit facility; our future access to capital markets and other financing options; and the concentration of control of our company due to our dual-class capital structure.
More information regarding these risks and uncertainties and other important factors that could cause actual results to differ materially from those in the forward-looking statements is set forth in the Company’s filings with the
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Source: The New York Times Company
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