New York Times Co. - Class A
NYSE: NYT
$47.99
+$0.25 (+0.5%)
Closing price May 9, 2024
NYT Articles
A JPMorgan analyst has upgraded shares of the New York Times and lifted the price target, citing increased demand for "reliable" news outlets.
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A growing body of evidence suggests that newspaper revenue dropped as much as 10% in the first quarter, an intractable problem that continues to vex publishers.
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There is no question the health of the newspaper industry has gotten much worse over the past 20 years as online news has crippled what has been, until recently, a print business.
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Newsprint prices may cripple already challenged newspaper company bottom lines. As more papers fold or are forced to cut editorial staff, the industry cannot handle another major financial headwind.
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New tariffs levied against newsprint imported from Canada to the U.S. will cost already struggling newspapers millions of dollars. Survival is not guaranteed.
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The Denver Post, Digital First Media and BH Media have all announced layoffs, as revenue and margins in the industry continue to fall.
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CVS Health will give its workers raises, Facebook is trying out a new negative comment project, MoviePass is growing quickly, and other important headlines.
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The FCC has killed net neutrality, Disney has become the king of all media, holiday spending has been unusually strong, and more important headlines.
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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%.
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In the past five trading days, many of America's largest publicly traded newspaper companies have been under siege on Wall Street.
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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.
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Just 22 papers that are most important, financially, to the public company newspaper industry. It is a small foundation for such a large industry.
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Warren Buffett, whose Berkshire Hathaway owns several papers, including his hometown paper, made a particularly pessimistic comment about the newspaper industry.
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New York Times digital properties moved ahead of the Washington Post's in January, according to recent research. The edge was small, however.
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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.
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