Articles for New York Times

NYT Frees Up Roughly $30 Million; Mobile Investments Ahead?

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Friday, February 3rd, 2012 by

While advertising revenue continued to decline for the New York Times (NYSE:NYT) in 2011, the company also announced the sale of its remaining shares in the Fenway Sports Group, amounting to around $30 million. The move  seems to be in line with the company’s strategy of selling off non-strategic assets, much like it did with the Regional Media Group. The New York Times operates in an intensely competitive online advertising market, with players like Google (NASDAQ:GOOG) and Facebook.

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NYT Earnings: Expect More of the Same, Stock Full at $7.50

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Thursday, January 26th, 2012 by

New York Times (NYSE:NYT) looks on track to achieve around 500,000 digital subscriptions for 2011, which stood at around 324,000 by Q3 2011. However, the company’s foray into increasing digital content will be anything but easy in 2012. For starters, Facebook is expected to intensify its display advertising as its IPO draws close.

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NYT Still Worth $7.50, Despite Free Nooks Promotion

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Wednesday, January 11th, 2012 by

New York Times (NYSE:NYT) and book retailers Barnes & Noble have struck a unique agreement – subscribe to NYT and get the Nook devices for free or at a discount. NYT has been pushing its digital content aggressively, especially as the media giant is cleaning up its non-strategic assets like local newspapers. While the Nook is still a small player in the e-reader compared to Amazon’s (NASDAQ:AMZN) Kindle reader, the deal should provide an upside to NYT’s digital subscriptions.

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NYT Ready to Throw in the Towel on Local Newspapers

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Thursday, December 22nd, 2011 by

As Google (NASDAQ:GOOG) and Facebook continue to provide stiff competition in the online advertising space, New York Times (NYSE:NYT) is considering to let go of its Regional Media group. The division stands out as a relatively weaker link for the company, especially since these local newspapers have seen the maximum drop in advertising revenue compared to NYT’s other news offerings.

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NYT Gets More Social With New Comment System

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Tuesday, December 6th, 2011 by

The New York Times (NYSE:NYT) made a big step forward last week to focus on the social element of NYTimes.com. The company unveiled a brand new commenting system last week, encouraging readers to post their takes on articles/blogs on the site. The question, however, is how well NYT would be able to monitor these comments. The company competes in the online advertising space with tech giants Google (NASDAQ:GOOG) and Facebook.

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NYT Moves Further Into Tablet Space With About.com

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Thursday, December 1st, 2011 by

After launching its fashion app for iPad a couple of weeks ago, New York Times (NYSE:NYT) is now undertaking an effort to turnaround its lifestyle news site About.com, which saw a +20% decline in revenues for Q3 2011. NYT has recently started providing content from About.com on Flipboard, a social magazine dedicated to Apple’s (NASDAQ:AAPL) iPad.

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NYT Extends Mobile Reach Through iPad App for Fashion

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Thursday, November 24th, 2011 by

As New York Times (NYSE:NYT) sees digital advertising declines in past quarters, the company is rolling out new initiatives in the mobile space to increase user traffic and engagement. The latest one is an iPad app called The Collection, which aggregates all fashion journalism from NYT’s extensive resources, including NYTimes.com and The International Herald Tribune (IHT). NYT competes in the online advertising space with companies like AOL (NYSE:AOL) and Yahoo (NASDAQ:YHOO).

See our full analysis for NYT

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Despite Lower Ad Revenue Guidance, NYT Should Benefit from its Paywall

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Tuesday, September 27th, 2011 by

The New York Times Company (NYSE:NYT) needs to show robust growth in its digital subscriptions to reassure its investors. Since the company lowered its Q3-2011 guidance, its stock has slid from above $7 to below $6 in just under a week. The NYT competes with publications like the Wall Street Journal owned by embattled News Corp (NASDAQ:NWS) as well as Internet-based outlets like Yahoo(NASDAQ:YHOO), Google (NASDAQ:GOOG) and AOL (NYSE:AOL).

We currently have a price estimate of $9 for NYT’s stock, which is well above the current market price.

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NYT Takes Bold Step to Drive Engagement with Beta620

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Wednesday, August 10th, 2011 by

The New York Times (NYSE:NYT) is seeking to increase user engagement through its recently launched Beta620, a public Beta site to showcase its experimental projects. The launch is intended to increase user feedback and community discussions, which can help NYT in designing better and user-friendly online content in the future. NYT competes with publications like the Wall Street Journal owned by embattled News Corp (NASDAQ:NWS) as well as Internet-based outlets like Yahoo (NASDAQ:YHOO), Google (NASDAQ:GOOG) and AOL (NYSE:AOL).

We currently have a price estimate of $9 for NYT’s stock, which is roughly 30% above the current market price.

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NYT Can Wobble to $9 on Digital Growth as About.com Suffers

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Thursday, July 28th, 2011 by

The New York Times (NYSE:NYT) recently announced its Q2 results. Overall print advertising revenues continued to decline although this was partially offset by growth in digital advertising revenues. The NYTimes.com digital subscription growth was consistent with our forecasts reaching about 224,000 paid subscribers by the end of Q2. However, revenues from the About group fell by over 17% for the quarter – an issue we discussed in Google’s algorithm changes and their impact on About.com. NYT competes with publications like the Wall Street Journal owned by embattled News Corp’s (NASDAQ:NWS) as well as Internet-based outlets like Yahoo (NASDAQ:YHOO), Google (NASDAQ:GOOG) and AOL (NYSE:AOL).

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