News publisher The New York Times said it owns over 3 million registered, copyrighted works.On Wednesday (Dec. 27), the NYT sued both Microsoft and OpenAI’s family of operating subsidiaries for violating the bulk of the protections bestowed by them.“Through Microsoft’s Bing Chat (recently rebranded as ‘Copilot’) and OpenAI’s ChatGPT, defendants seek to free-ride on The Times’s massive investment in its journalism by using it to build substitutive products without permission or payment,” the NYT wrote in its ...

Key TakeawaysThe New York Times is suing OpenAI and Microsoft Corp. for copyright infringement.The suit claims that the companies' ChatGPT artificial intelligence (AI)-powered chatbot is trained on the newspaper's articles without permission.By training the chatbot on its content, ChatGPT is creating a competitor for The New York Times and stealing readers, according to the lawsuit.One of the country's most-read newspapers is suing the maker of ChatGPT, saying the chatbot was trained on and repurposes its c ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

The New York Times Company (NYSE:NYT) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Anthony DiClemente - Senior Vice President of Investor Relations Meredith Kopit Levien - President and Chief Executive Officer William Bardeen - Executive Vice President and Chief Financial Officer Conference Call Participants Thomas Yeh - Morgan Stanley David Karnovsky - JPMorgan Chase & Co. Ashton Welles - Evercore ISI Douglas Arthur - Huber Research Partners, LLC Vasily Karasyov - Canno ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 1-5837 THE NEW YORK TIMES COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

The New York Times Company (NYSE:NYT) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Mike Brown - Vice President, Assistant General Counsel and Corporate Secretary Meredith Kopit Levien - President and Chief Executive Officer Will Bardeen - Executive Vice President and Chief Financial Officer Conference Call Participants Doug Arthur - Huber Research Partners Ashton Welles - Evercore ISI Thomas Yeh - Morgan Stanley David Karnovsky - JPMorgan Vasily Karasyov - Cannonball Resea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 1-5837 THE NEW YORK TIMES COMPANY (Exact name of registrant as specified in its charter) | | | Indicate by check mark whether the registran ...

Financial Data and Key Metrics Changes - Adjusted diluted earnings per share was $0.19, down $0.02 from the prior year [19] - Adjusted operating profit was $54 million, a decrease of approximately $7 million compared to the same period in 2022 [19] - Free cash flow was approximately $45 million, compared to negative free cash flow of approximately $23 million in the same period of 2022 [20] - Total subscription revenues increased approximately 7%, with digital-only subscription revenue growing approximately 14% to about $259 million [21] - Digital-only subscriber ARPU increased approximately 130 basis points sequentially, but decreased approximately 1% year-over-year due to dilution from the Athletic [22] Business Line Data and Key Metrics Changes - The company added 190,000 net new digital-only subscribers, with a total of over 9.7 million subscribers [8][20] - The number of digital-only bundle and multiproduct subscribers grew by approximately 520,000 in the quarter [20] - Print subscription revenues declined approximately 4% due to lower volumes in home delivery and single copy [21] - Advertising revenue decreased approximately 9%, with digital advertising revenue primarily affected by lower revenue from podcasts and creative services [23] Market Data and Key Metrics Changes - Advertising was down more than expected, particularly in tech, finance, and media categories [13] - Athletic advertising revenue doubled over the last year, indicating strong growth despite market challenges [14] - Other revenues, including the Wirecutter affiliate business and licensing, increased approximately 16% to about $57 million [23] Company Strategy and Development Direction - The company aims to become the essential subscription for every curious English-speaking person, with a goal of reaching 15 million subscribers by year-end 2027 [7] - A coordinated pricing strategy was implemented to drive digital ARPU expansion while scaling subscribers [12] - The company is focused on growing its audience and enhancing engagement through various product offerings, including sports coverage and games [10][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic pressures affecting the advertising business but remains optimistic about long-term growth [13] - The company expects total subscription revenues to increase by 6% to 8% in Q2 2023, with digital-only subscription revenue expected to rise by 12% to 15% [26] - Operating costs are expected to increase by approximately 6% to 8% compared to Q2 2022, but expense growth is anticipated to slow later in the year [27] Other Important Information - The company announced the appointment of Will Bardeen as the new CFO effective July 1, following a comprehensive search [17] - Roland Caputo, the outgoing CFO, will assist in the transition until the end of September [18] Q&A Session Summary Question: Clarification on bundled versus subscriber numbers - Management noted a strong quarter for bundles, with many upgrades contributing to subscriber metrics, which should positively impact ARPU [30][32] Question: Impact of reduced referrals from platforms - Management acknowledged the impact but could not quantify it, emphasizing ongoing efforts to build audience funnels [34] Question: Pricing initiatives and churn - Management confirmed successful price increases for approximately 550,000 subscribers, with positive retention results [36][37] Question: Athletic advertising rollout - Management reported positive growth in Athletic advertising, leveraging effective ad products and first-party data [42] Question: Modeling expenses and cost management - Management indicated a focus on maintaining flat growth in marketing spend while continuing to invest in journalism and product development [46][47]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 1-5837 THE NEW YORK TIMES COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ___ to ___ Commission file number 1-5837 THE NEW YORK TIMES COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...