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New York Times(NYT) - 2024 Q2 - Quarterly Results
2024-08-07 11:00
The New York Times Company Reports Second-Quarter 2024 Results NEW YORK, August 7, 2024 – The New York Times Company (NYSE: NYT) announced today secondquarter 2024 results. Key Highlights • The Company added approximately 300,000 net digital-only subscribers compared with the end of the first quarter of 2024, driven by bundle and multiproduct subscriber additions as well as other single product subscriber additions. • Total digital-only average revenue per user ("ARPU") increased 2.1 percent year-over-year ...
Up 6% So Far, What Lies Ahead For NY Times' Stock Post Q2 Results?
Forbes· 2024-08-06 12:00
The New York Times logo is seen on the building in New York City, United States on October 27, 2022. ... [+] (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesNew York Times’ stock (NYSE: NYT), a diversified media company that includes newspapers, internet businesses, television, and radio stations, is scheduled to report its Q2 2024 results on Wednesday, August 7. We expect NYT stock to likely trade lower with revenues and earnings missing consensus expectations marginally for its ...
The New York Times Remains Too Pricey To Justify A Bullish Outlook
Seeking Alpha· 2024-08-04 05:34
mbbirdy/iStock Unreleased via Getty Images Dating back to 1851, The New York Times Company (NYSE:NYT) is one of the oldest and most iconic companies in the world. Over its life, it has become a major news organization worth billions of dollars. Many years ago, there were concerns about its ability to remain competitive as more news shifted from the traditional newspaper format to online, and as we saw a proliferation of free news content. But management has done a fantastic job of adapting, turning the p ...
Strength Seen in New York Times (NYT): Can Its 5.2% Jump Turn into More Strength?
ZACKS· 2024-07-23 16:15
The New York Times Company (NYT) shares ended the last trading session 5.2% higher at $55.09. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% gain over the past four weeks.The New York Times Company is likely to benefit from growth in its subscriber base and an increase in digital advertising revenues, which are undeniably pivotal. As the company continues to attract and retain digital subscribers and advertis ...
“Reversing Alzheimer's” by Marama's Dr. Heather Sandison Makes the New York Times Bestseller List
GlobeNewswire News Room· 2024-07-22 16:00
Vista, CA , July 22, 2024 (GLOBE NEWSWIRE) -- Renowned naturopathic doctor Dr. Heather Sandison celebrates the success of her latest book, “Reversing Alzheimer's: The New Toolkit to Improve Cognition and Protect Brain Health." Released on June 11, 2024, the book has already earned a place on the prestigious New York Times Bestseller list. In her groundbreaking book, Dr. Sandison, who specializes in neurocognitive medicine, shares her extensive expertise in combating cognitive decline through a holistic app ...
OHA and OneIM Launch a Partnership to Invest in European Private Credit
GlobeNewswire News Room· 2024-07-16 15:12
New York, New York, July 16, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”), a leading global credit-focused alternative asset manager, and One Investment Management (“OneIM”), a global alternative investment manager, today announce the formation of a partnership to invest in European private credit. The new venture has initially up to $5 billion of investable capital which will help address the needs of European borrowers. Both firms will benefit from the partnership’s size and scale, as well as the te ...
The New York Times Adds Subscribers, Grows Profits
FX Empire· 2024-07-09 18:59
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NY Times (NYT) Up 20% in 3 Months: How Should Investors Play?
ZACKS· 2024-07-08 14:07
The New York Times Company (NYT) has seen a remarkable uptrend in its stock performance over the past three months, driven by substantial growth in its subscriber base and a strategic shift toward digital media. This evolution has solidified NYT's position as a key player in the ever-changing media landscape.In the said period, NYT's stock has risen approximately 20.1%, outpacing both the industry’s 18.8% increase and the S&P 500's growth of 7.6%. On Jul 5, 2024, the stock reached a 52-week high of $52.58 b ...
New York Times editorial board urges Biden to drop out of presidential race
CNBC· 2024-06-28 23:08
U.S. President Joe Biden pauses during the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. President Biden and Republican presidential candidate, former U.S. President Donald Trump are facing off in the first presidential debate of the 2024 campaign.The New York Times editorial board on Friday urged President Joe Biden to exit the presidential election contest against Donald Trump, citing the Democrat's poor debate performance the night before."The president appeared on Thur ...
New York Times to Begin Limiting Nonsubscriber Access to Podcasts
PYMNTS.com· 2024-06-26 01:35
The New York Times plans to put its top podcasts behind a paywall.The company is considering giving only subscribers access to new episodes of “Serial,” and allowing nonsubscribers to access only the three most recent episodes of “The Daily,” The Wall Street Journal (WSJ) reported Tuesday (June 25), citing unnamed sources.Over time, it may gradually move additional podcasts behind a paywall, aiming to require a subscription to access most or all of the shows, according to the report.The plans are still unde ...