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☆ New York Times Co. Adds 300,000 Digital Subscribers in Quarter
▼ + stars: | 2024-02-07 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

The New York Times Company added 300,000 paid digital subscribers in the fourth quarter of 2023, the company said on Wednesday, helping to push annual revenue for digital subscriptions above $1 billion for the first time. The Times reported total revenue of $676.2 million in the last three months of the year, essentially flat compared with a year earlier. Adjusted operating profit increased 8.5 percent, to $154 million. It was “a strong year for The Times that showcased the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world,” Meredith Kopit Levien, the company’s president and chief executive, said in a statement. The company has focused in recent years on pushing a bundle of products to subscribers: its core news report as well as games like Wordle and Spelling Bee; its product review site, Wirecutter; a recipe app; and The Athletic, its sports news website.

Persons: ” Meredith Kopit Levien Organizations: New York Times Company, The Times, Athletic

☆ Pro-Palestine protestors crash a press freedom gala to call out media for coverage of the Israel-Hamas war
▼ + stars: | 2023-11-17 | by ( Noah Hurowitz | ) www.businessinsider.com time to read: +5 min

Pro-Palestine media workers protested Western news outlets' coverage of the conflict in Gaza. The protestors gathered at a press freedom gala in Manhattan Thursday night. ET, chanting and handing out a mock newspaper printed in the style of the Times and titled "The New York War Crimes." Noah Hurowitz/Business Insider"I wish you knew what you were talking about," muttered Michael Golden, a businessman who served until 2016 as vice-chairman of the New York Times Company. "I know how the New York Times works, and they don't," he said, as a woman accompanying him urged him to stop talking.

Persons: —, Meredith Kopit Levien, Harron Walker, Walker, Noah Hurowitz, Michael Golden Organizations: Palestine, Service, New York Times, Times, Protect Journalists, West Bank —, New York Times Company, Gaza Ministry of Health, Hamas Locations: Gaza, Manhattan, Midtown Manhattan, Israel, Palestine, York

☆ The New York Times Passes 10 Million Subscribers
▼ + stars: | 2023-11-08 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

The New York Times now has more than 10 million subscribers, the company said on Wednesday, edging closer to its goal of 15 million by the end of 2027. In its third-quarter report, The New York Times Company said it had added 210,000 net digital-only subscribers in the three months through September, giving it 9.41 million along with 670,000 print subscribers. The Times Company has focused on getting subscribers to sign up for more than one of its offerings, which include the core news report, Cooking, Games, the Wirecutter review site and the sports news site The Athletic. Nearly 3.8 million of the 9.41 million digital-only subscribers are subscribed to at least two products, the company said. Meredith Kopit Levien, the company’s president and chief executive officer, said in a statement that the third-quarter results showed that The Times’s “multiproduct bundle” was performing well and would “further us down the path to building a larger, more profitable company.”

Persons: Meredith Kopit Levien, ” Organizations: New York Times, New York Times Company, The Times Company

☆ The New York Times quietly brought 'open programmatic' ads back to its app
▼ + stars: | 2023-10-13 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

The New York Times is juicing up its ad revenue by bringing so-called open programmatic advertising back to its mobile app. Open programmatic is a methodology that lets any advertiser buy digital ads in real-time. In 2019, the Times shut down open programmatic ads from its mobile app because it wanted to focus on growing subscriptions and because those ads reportedly slowed the app's load times. The Times kept programmatic ads on its website. However, it currently allows Google, Index Exchange, PubMatic, and Magnite among others to sell programmatic ads on its desktop website according to its ads.txt file, which lists the companies publishers allow to sell programmatic ads.

Persons: We've, Matt Barash, Roland Caputo, it's, Meredith Kopit Levien Organizations: New York Times, Times, Google, Exchange Locations: Americas

☆ How insiders are reacting to Mark Thompson, CNN's new CEO, and how they think he'll tackle the network's challenges: 'He wants to be involved in editorial'
▼ + stars: | 2023-08-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

WBD named Mark Thompson as CNN's new CEO in a shift by David Zaslav to an experienced news leader. Thompson is widely credited with turning the Times into a digital powerhouse, transforming a news organization that was teetering financially. Under Thompson, there also were flops along the way to success for the Times, like the failed NYT Now mobile app. Thompson is expected to be involved in editorialObservers and insiders expressed optimism about the Thompson news. They also will be watching to see how he will carry out WBD CEO David Zaslav's commitment to providing a wider range of political viewpoints, including conservative ones.

Persons: WBD, Mark Thompson, David Zaslav, Thompson, Chris Licht, Ken Doctor, Meredith Kopit Levien, who'd, Times —, Levien, Nate Silver, Jill Abramson, Abramson, wouldn't, Mark, Donald Trump, David Zaslav's, He'll, Jeff Zucker, I've, Zaslav, Licht, he'd, Semafor, James Harding, Andrew Ross Sorkin, he's, Jonathan Miller, Miller, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling, who's, Leavy Organizations: CNN, New York Times, Warner Bros, Discovery, Max, longtime Times, Times, ESPN, ABC, Observers, BBC, Company, Integrated Media Co, Editorial Locations: British

☆ Connections: New York Times might've found its next Wordle
▼ + stars: | 2023-08-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —The New York Times found instant success with Wordle. A new puzzle called Connections is officially joining the newspaper’s portfolio of games this week, following a successful summer testing phase where it became the Times’ second-most played game behind Wordle despite minimal promotion. Players will see Connections appear in the Times’ Games app and in the news app under the Play tab beginning this week. Connections is the newest hit for the New York Times. Players playing other games other than Wordle “experienced record growth over the last year,” Times CEO Meredith Kopit Levien said in a recent earnings call.

Persons: New York Times Jonathan Knight, Knight, ” Knight, “, Wordle, Wordle “, Meredith Kopit Levien, ” Brian Morrissey, ” Morrissey, ” Organizations: New, New York CNN, The New York Times, Wordle, Times, Times ’, New York Times, CNN, ”, “ Locations: New York

☆ New York Times Revenue Rises 6.3%
▼ + stars: | 2023-08-08 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

Meredith Kopit Levien, the company’s president and chief executive, said in a statement that more than a third of the nearly 10 million subscribers were now subscribed to more than one Times product. She said more than half of the new digital subscribers added in the last quarter subscribed to the entire bundle of products that The Times offers. Advertising revenue more than doubled in that period, to $5.4 million. At the end of the quarter, there were more than 3.6 million subscribers with either a stand-alone Athletic subscription or who can access the sports site through a Times bundle subscription. Last month, The Times said it would disband its sports desk in the coming months and instead integrate more sports coverage from The Athletic.

Persons: Meredith Kopit Levien, ” Ms, Levien Organizations: Times, Athletic, The Athletic

☆ The New York Times will shut down its sports desk and shift coverage to The Athletic
▼ + stars: | 2023-07-10 | by ( Liam Reilly | ) edition.cnn.com time to read: +1 min

CNN —The New York Times will shut down its sports desk and shift its daily coverage of athletes and teams to The Athletic, the newspaper announced Monday. The decision to dismantle The Times’ long-standing Sports desk comes as the paper aims to provide a “greater abundance of sports coverage than ever before,” New York Times Chairman A.G. Sulzerberg and CEO Meredith Kopit Levien announced in a memo Monday. The closure will allow the paper to maximize both The Times’ and The Athletic’s respective newsrooms, they said. Sports stories across The Times’ website will be sourced from the nearly 150 daily stories published by The Athletic, which includes coverage of leagues, teams, and players, both domestic and international, Sulzerberg and Levien said. The New York Times acquired The Athletic last year in a bid to expand its sporting coverage.

Persons: A.G, Sulzerberg, Meredith Kopit Levien, Levien, ” Organizations: CNN, The New York Times, The Athletic, Sports, ” New York, Times, Athletic, ” Sports

☆ New York Times revenue hit by slow ad spending, subscriber growth
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

May 10 (Reuters) - The New York Times Co (NYT.N) missed estimates for quarterly revenue on Wednesday as a turbulent economy sapped digital subscriber growth and forced businesses to cut back on advertising spending, sending its shares tumbling 6%. The Times expects digital ad revenue to decline by low-to mid-single digits in the current quarter, joining ad-dependent companies such as Snap Inc (SNAP.N) in struggling with tightened marketing budgets across industries. Digital ad revenue fell nearly 9% to $61.3 million in the January-March period, while total revenue of $560.7 million was below estimates of $571 million, according to Refinitiv data. It added 190,000 digital-only subscribers in the first quarter, compared with 240,000 in the prior quarter, bringing its total subscriber base to more than 9.7 million. Separately, the Times named strategy head William Bardeen as its finance chief, replacing Roland Caputo who had announced his retirement in December.

☆ The Times Added 190,000 Subscribers Last Quarter
▼ + stars: | 2023-05-10 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

The New York Times Company on Wednesday said it added 190,000 digital subscribers last quarter, driven partly by subscriptions to a bundle of products that includes The Athletic sports site, bringing the company’s total digital subscriber base to nine million. Adjusted operating profit was $54 million, a drop of 11 percent from a year earlier, as the new subscription revenue was offset by higher operating costs and lower advertising revenue. “In the first quarter, we made steady progress on our essential subscription strategy, with clear signs of substantial runway ahead,” Meredith Kopit Levien, chief executive of The Times, said in a statement. Over the last decade, The Times has tried to offset declines in its print business — which is profitable but fading — with new revenue from digital subscribers. In recent years, the company has honed that strategy by offering readers a bundle of online utilities including a cooking app, the Wirecutter online shopping service, games like Wordle and The Athletic, pitching itself to subscribers as a guide to the wider world.

☆ Stocks making the biggest moves midday: CVS, Fortinet, Lumen Technologies, Alphabet & more
▼ + stars: | 2023-02-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading Wednesday:Lumen Technologies — Shares fell 22.5% after the cloud network data company reported a fourth-quarter loss of about $3.1 billion. CVS Health — CVS Health gained 4.6% after the company surpassed profit and sales expectations in its latest quarterly results. The New York Times Company — Shares for the media organization popped more than 14% after its fourth-quarter earnings beat analyst estimates. The company reported earnings of 59 cents per share, which was greater than a Refinitiv estimate of 43 cents per share. Fortinet posted earnings of 44 cents per share, while analysts expected 39 cents per share, according to StreetAccount.

☆ New York Times journalists will stage historic 24-hour strike after management and union fail to reach deal
▼ + stars: | 2022-12-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

An executive at The Times, who requested anonymity to speak candidly, acknowledged to CNN on Wednesday that the work stoppage would certainly create difficulties. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. And we need productive negotiations to get to a deal.”Susan DeCarava, president of the NewsGuild of New York, said in response, “Union democracy is crucial to union power. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.

☆ New York Times journalists stage historic 24-hour strike after management and union fail to reach deal
▼ + stars: | 2022-12-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

Stacy Cowley holds a sign outside the New York Times building in Manhattan, New York, U.S., December 8, 2022. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. New York Times reporter Nikole Hannah-Jones speaks outside the Times' office, Thursday, Dec. 8, 2022, in New York. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.

☆ Changes are coming to Wordle
▼ + stars: | 2022-11-09 | by ( Frank Pallotta | ) edition.cnn.com time to read: +1 min

New York CNN Business —Changes are coming for Wordle … again. It will, instead, include words that the New York Times has chosen. Also changing: The answer will never be a plural that ends in “s” or “es.” However, you can guess plural words to help you eliminate possible words. What solvers choose to use as guess words is their private choice.”The Times bought Wordle for “low seven figures” earlier this year. It’s a part of the Times’ portfolio of online games that includes the Crossword and Spelling Bee.

☆ New York Times beats profit estimates as subscription bundling pays off
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - The New York Times Co (NYT.N) topped quarterly profit estimates on Wednesday as more people signed up for its digital subscription bundle, helping offset a slowdown in advertising sales. The Times added 180,000 digital-only subscribers in the third quarter and said digital subscription revenue would grow by 30% to 33% in the current quarter. Still, lower-than-expected quarterly revenue of $547.7 million showed the company was not completely shielded from a wider slowdown in ad spending. The Times' digital ads revenue rose marginally to $70.3 million in the quarter, but the company warned it expects ad sales to fall in the fourth quarter. Reuters GraphicsOn an adjusted basis, New York Times earned 21 cents per share, compared with estimates of 13 cents, according to Refinitiv data.

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