Company Of The Day: The New York Times

-3.55%
Downside
35.46
Market
34.20
Trefis
NYT: New York Times logo
NYT
New York Times

What?

The New York Times (NYSE:NYT) has confirmed it will acquire sports subscription site The Athletic for about $550 million in an all-cash deal that is likely to close over the first quarter.

Why?

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The Athletic has seen a lot of traction with its subscription model, holding a total of 1.2 million paid subscribers as of December 2021. This could be valuable to New York Times, as it looks to expand its subscriber base to around 10 million print and digital subscribers by 2025.

So What?

Investors appear to like the deal. NYT stock was up by over 4.5% in Thursday’s trading.

See Our Complete Analysis For The New York Times

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 NYT Return -1% -1% 260%
 S&P 500 Return -1% -1% 110%
 Trefis MS Portfolio Return -5% -5% 274%

[1] Month-to-date and year-to-date as of 1/7/2022
[2] Cumulative total returns since the end of 2016

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