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 ...

Subscriber Growth and Targets - As of December 31, 2022, The New York Times Company had approximately 9.55 million subscribers and 10.98 million paid subscriptions, marking the highest figures in its history[11]. - The company aims to reach 15 million total subscribers by the end of 2027, representing a growth target of approximately 57% from the end of 2022[13]. - Paid digital-only subscribers totaled approximately 8.83 million as of December 31, 2022, with international subscribers representing about 19% of this total[32]. - The company has identified a global market of at least 135 million adults willing to pay for English-language news and related content[13]. - The company has invested significantly in acquiring The Athletic and cross-product integrations to grow its subscriber base, which is crucial for future revenue[67]. - The company emphasizes subscriber growth over total subscriptions, indicating a strategic shift towards a "subscription-first" approach[201]. - Total subscribers reached 9,550 as of December 31, 2022, up from 7,578 in December 2021, indicating a growth of 26.0% year-over-year[200]. - As of December 31, 2022, the company had 8,830 digital-only subscribers, an increase from 6,783 in December 2021, representing a growth of 30.2% year-over-year[200]. Financial Performance - Total revenues increased 11.3% to $2.31 billion in 2022 from $2.07 billion in 2021, driven by a 14.0% increase in total subscription revenues to $1.55 billion[187]. - Operating profit decreased 24.6% to $202.0 million in 2022 from $268.0 million in 2021, with an operating profit margin of 8.7% compared to 12.9% in 2021[175]. - Diluted earnings per share from continuing operations were $1.04 in 2022, down from $1.31 in 2021, while adjusted diluted earnings per share increased to $1.32 from $1.28[175]. - The company aims to return at least 50% of free cash flow to stockholders through dividends and share repurchases over the next three to five years[180]. - As of December 31, 2022, the company had cash, cash equivalents, and marketable securities of approximately $486 million and was debt-free[179]. Advertising Revenue - Digital advertising accounted for approximately 61% of total advertising revenues in 2022, while print advertising represented about 39%[39][41]. - Total advertising revenues rose 5.2% to $523.3 million in 2022 from $497.5 million in 2021, supported by an 8.4% increase in print advertising revenues[187]. - Digital advertising revenues increased by 3.2% to $318.4 million in 2022, accounting for 60.9% of total advertising revenues[207]. - Print advertising revenues rose by 8.4% to $204.8 million in 2022, driven primarily by the entertainment and luxury categories[208]. - The Athletic contributed $12.0 million to digital advertising revenue in 2022, enhancing overall digital revenue growth[207]. - The company reported a decrease in programmatic advertising revenue by 19.8%, highlighting challenges in the macroeconomic environment affecting advertising spend[207]. Operational Strategy and Investments - The company plans to continue investing in journalism and product development to support long-term profitable growth while maintaining disciplined cost management[24]. - The company has invested significantly in technology and data management to enhance user experience and support subscriber retention[25]. - The company continues to innovate its advertising offerings, leveraging first-party data to enhance client advertising strategies[23]. - The company has invested significantly in enhancing its digital news product and integrating it into a multi-product digital bundle subscription package[106]. - The company intends to continue engaging in acquisitions and investments to diversify its portfolio and take advantage of growth opportunities[99]. Employee and Labor Relations - As of December 31, 2022, the company employed approximately 5,800 full-time equivalent employees, with over 2,600 involved in journalism operations[51]. - Approximately 42% of full-time equivalent employees were represented by unions as of December 31, 2022, including technology employees who formed a union in 2022[59]. - The company conducts pay-equity studies every two years to ensure equitable compensation practices across race and gender[54]. - The company has 13 active employee resource groups aimed at fostering a more inclusive workplace environment[54]. Challenges and Risks - The company faces competition from content providers, news aggregators, and social media platforms, which impacts its ability to attract and retain subscribers[65]. - The company is focused on reducing churn rates, which can be influenced by factors such as subscriber engagement and changes in pricing[71]. - Economic, public health, and geopolitical conditions may adversely impact the company's business and financial results, including advertising spending and subscriber retention[84]. - The company faces risks related to disruptions in its newsprint supply chain, which could significantly increase printing and distribution costs[91]. - The company is exposed to risks related to cybersecurity and data privacy, which could damage its reputation and financial results[128]. - The company may divest certain assets or businesses that no longer align with its strategic direction, which involves significant risks[104]. Environmental, Social, and Governance (ESG) Initiatives - The company is focused on improving its environmental, social, and governance (ESG) initiatives, which may require additional investments and could impact its reputation if not managed effectively[97]. Financial Obligations and Liabilities - The company has unfunded obligations totaling approximately $180 million for non-qualified pension plans as of December 31, 2022, which may adversely affect financial condition[120]. - The company has recorded significant withdrawal liabilities for multiemployer pension plans, which could impact future financial results[124]. - The company expects to make contributions of approximately $11 million in 2023 to satisfy minimum funding requirements for its pension plans[184].

New York Times Co (NYSE:NYT) Q4 2022 Earnings Conference Call February 8, 2023 8:00 AM ET Company Participants Harlan Toplitzky - Executive Director, IR and Financial Planning & Analysis Meredith Kopit Levien - CEO, President & Director Roland Caputo - EVP & CFO Conference Call Participants David Karnovsky - JPMorgan Chase & Co. Douglas Arthur - Huber Research Partners Vasily Karasyov - Cannonball Research Thomas Yeh - Morgan Stanley Ashton Welles - Evercore ISI Operator Good morning, and welcome to The New ...