New York Times Announces Record Audience, Stock Tanks
In an announcement on its website today, The New York Times said it had 3.5 million paid subscribers and 130 million monthly readers. The stock fell more than 5%.
In an announcement on its website today, The New York Times said it had 3.5 million paid subscribers and 130 million monthly readers. The stock fell more than 5%.
In the past five trading days, many of America's largest publicly traded newspaper companies have been under siege on Wall Street.
Can Gannett can reach its revenue guidance for 2017, which is between around $3.2 billion? If it can match or beat those numbers, its stock is likely to rally strongly.
Just 22 papers that are most important, financially, to the public company newspaper industry. It is a small foundation for such a large industry.
Warren Buffett, whose Berkshire Hathaway owns several papers, including his hometown paper, made a particularly pessimistic comment about the newspaper industry.
New York Times digital properties moved ahead of the Washington Post's in January, according to recent research. The edge was small, however.
The paid print circulation of America's 100 largest newspapers has dropped by over a quarter at many papers in as little as three years.
The stocks of Tronc and Gannett were thrown out of what would have been a normal trajectory by merger talks. Now they can move according to results.
Despite a late year sell-off, it McClatchy led newspaper stocks in what was a 2016 of generally dismal performance.
So far this year, share price increases among newspaper companies have been related more to mergers and acquisitions than financial performance. New York Times has broken that pattern.
Breitbart.com had 93.2 million visits in November. That made it nearly two-thirds the size  of Gannett’s (NYSE: GCI) USAToday.com and nearly three times the size of Comcast’s (NASDAQ: CMCSA) MSNBC.com. Its size…
Of all the dailies in America, the New York Times stands the best chance to make a great deal of money charging for content. Its editorial product is widely regarded as the…
As newspapers try to increase paid subscribers and put a great deal of their content behind paywalls, they have resorted to car dealership tactics. Buy over Labor Day weekend, or lose the…
Almost every major paper in the United States is chasing the paywall success of The New York Times and The Wall Street Journal.
Google sites were the most visited in May, based on desktop and mobile results together, according to research firm comScore.