Does The New York Times Make Money
New York Times Companys revenue 2008-2020, by source. In 2020, the New York Times Company generated only 392.4 million U.S. dollars from advertising revenue, the lowest figure for this sector in the period shown. In 2019, the company earned 530.68 million U.S. dollars from selling advertising space.
The New York Times Subscription Stats
4. The number of New York Times digital subscribers has been growing steadily since 2014.
Unlike many competitors, The Times has managed to grow its digital subscriber base each quarter for the past seven years. From 799,000 digital subscribers in Q1 2014, the number has gone up to an all-time high of 5.09 million in Q4 2020 an impressive 537% increase.
5. In 2020 alone, the paper added 1.66 million digital subscribers.
Although 2020 was financially rough for all media outlets, The Times managed to significantly increase its digital subscriber base. The New York Times subscriber numbers went up from 3.43 million in 2019 to 5.09 million at the end of 2020, marking a 49.4% increase year-over-year.
6.The New York Times is the most popular newspaper among US digital news consumers.
Almost two-fifths of Americans who subscribed to digital editions of print newspapers in 2020 chose to support The New York Times, readership statistics reveal. The Washington Post, another paper widely perceived as left-leaning, ranked second with 31%. Finally, 30% of US digital subscribers opted for internet editions of their local newspapers.
7. 16% of the papers subscribers live outside of the United States.
The New York Times isnt only popular in the US it also has many subscribers abroad. Looking at The New York Times readership demographics by country, most of the papers international readers come from other English-speaking countries like Canada and Australia.
The New York Times Company
229 West 43rd Street
Incorporated: 1851 as Raymond, Jones & CompanyEmployees: 10,400Stock Exchange: American
The New York Times Company is a large diversified media and communications business engaged in newspaper and magazine publishing, broadcasting and information services, and, to a lesser extent, forest products. Its principal property is one of the worlds great newspapers, The New York Times, founded in 1851. During its history of nearly 140 years, the company has grown to include along with The New York Times, 32 regional newspapers and 17 magazines, including such popular journals as Family Circle, McCalls, Golf Digest, and Tennis. The company also operates five television stations, two radio stations, a news service, and a features syndicate, and licenses databases and copyrights. In addition it has equity interests in three Canadian newsprint mills and a partnership interest in a Maine paper mill.
Raymond was active in Republican politics throughout the war. He was present at the creation of the party in Pittsburgh in 1856 and wrote its first statement of principles. He wrote most of the party platform in 1864. Between political activity and journalism, Raymond was chronically overworked for years, and his health suffered. On June 19, 1869, at the age of 49, he died. George Jones assumed the editorial leadership of the Times.
Don’t Miss: Does New York Life Sell Health Insurance
Amazons Jeff Bezos Explains Why He Bought The Washington Post
Multi-billionaires like to buy extravagant things.
Richard Branson, founder of the Virgin Group, owns a space exploration company. Lawrence J. Ellison, chairman of the Oracle Corporation, has his own private Hawaiian island.
And last year, Jeff Bezos, who as chief executive of Amazon has made billions turning the book publishing business on its head, decided to buy one of the countrys oldest newspapers, The Washington Post. But, according to Mr. Bezos, it was never something he thought he wanted to own.
I dont know anything about the newspaper business, so at the time I said, Why would I even be a candidate to buy The Post?’ he said in a conversation at the Business Insider Ignition conference in New York on Tuesday.
In his telling, which was one of the first candid interviews on the subject since he bought the paper for $250 million last year, Mr. Bezos was approached through an intermediary by Donald E. Graham, then the chairman and chief executive of The Washington Post Company. Aside from his lack of expertise on the newspaper industry, Mr. Bezos was skeptical for other reasons.
I went through a few gates before deciding to buy The Post. Is it hopeless? I didnt want to do it if it was, he said. The Internet has radically disrupted traditional newspapers. The world is completely changed, and advertisers have tons of options on how to reach people in local areas.
Correction: December 3, 2014
Carlos Slim Loan And Investment
On January 20, 2009, The New York Times reported that its parent company, The New York Times Company, had reached an agreement to borrow $250 million from Carlos Slim, a Mexican billionaire “to help the newspaper company finance its businesses”. The New York Times Company later repaid that loan ahead of schedule. Since then, Slim has bought large quantities of the company’s Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held. Slim’s investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares, and again in 2015, when he exercised stock optionsacquired as part of a repayment plan on the 2009 loanto purchase 15.9 million Class A shares, making him the largest shareholder. As of March 7, 2016, Slim owned 17.4% of the company’s Class A shares, according to annual filings submitted by the company. While Slim is the largest shareholder in the company, his investment only allows him to vote for Class A directors, a third of the company’s board. Slim continues to influence the paper’s direction.
You May Like: Is The New Yorker A Public Or Private Entity
George Soros Buys New York Times
Billionaire George Soros plans on making the New York Times an even louder mouthpiece for his globalist propaganda by buying up another $3 million in shares.
Even though Soros already owns a large share of the Times, his latest purchase will see his influence infiltrate every inch of the newsroom.
According to the same filing, Soros also invested money in Tribune Media Company and in Time Warner Inc.
Soros Fund Management is the company that Soros uses to spread his wealth around. Soros Fund Management actively invests in stocks, bonds, commodities, currencies and, as the New York Times reported recently, the Triple Crown-winning racehorse Justify.
Soros latest purchase marks the first time in over a decade that the billionaire has sunk money into the New York Times. In 2007, Soros bought $470,000 worth of shares in the newspaper.
It is unclear whether Soros growing involvement with the Times will affect the papers editorial line, especially considering that his $3 million investment is a fraction of the papers $3.6 billion value. Soros is well known for his liberal views, however, and publicly supports and funds a variety of progressive and neoliberal causes, through NGOs like his Open Society Foundations.
Is The New York Times A Publisher
Though The New York Times is a public company, all voting shares are controlled by the Ochs-Sulzberger Family Trust. He became publisher on January 1, 2018, succeeding his father Arthur Ochs Sulzberger Jr., although the elder Sulzberger remained chairman of The New York Times Company until the end of 2020.
Also Check: Is The New York Times A Newspaper
Throughout The Generations The Paper Has Maintained A Veneer Of Objectivity Even As It Buried Stories Of Wwii Atrocities Against Jews
NEW YORK â On Thursday, The New York Times announced that its publisher, Arthur Ochs Sulzberger Jr., 66, is stepping down at the end of the year and will be succeeded by his son, 37-year-old Arthur Gregg Sulzberger.
The familial exchange of power wasnât unexpected. The younger Sulzberger is the sixth member of the Ochs Sulzberger clan to serve as publisher of the prominent New York newspaper. He is a fifth-generation descendant of Adolph S. Ochs, who bought the newspaper in 1896 as it was facing bankruptcy.
The familyâs Jewish history â Adolph Ochs was the child of German Jewish immigrants â has often been the subject of fascination and scrutiny, especially during and after World War II, when the paper was accused of turning a blind eye to atrocities against Jews.
Today the familyâs Jewish ties are less apparent than they were in the past. Arthur Ochs Sulzberger Jr. was raised in his motherâs Episcopalian faith and later stopped practicing religion. He and his wife, Gail Gregg, were married by a Presbyterian minister. However, he has said that people still tend to regard him as Jewish due to his last name.
A look back into the familyâs history shows why. Adolph Ochs, the original member of the Ochs Sulzberger clan, married Effie Wise, the daughter of Rabbi Isaac Mayer Wise, a leading American Reform Jewish scholar who founded the movementâs rabbinical school, the Hebrew Union College-Jewish Institute of Religion.
The New York Times Readership Demographics
12. 63% of The New York Times readers are under the age of 50.
Almost two-thirds of people who get their political news and commentary from The New York Times are under 50 34% fall into the 3049 age group, and 29% are in the 1829 bracket. As for other readers, 17% are aged 5064, while the remaining 20% are over 65.
The New York Times target audience primarily comprises people under the age of 49, who are also the preferred demographic for most advertisers. This age breakdown shows that the paper has successfully reached its target readership and maintained its interest in the topics it covers.
13. 51% of The Times readers are male, and 49% are female.
Theres no significant gender gap among The New York Times readership, stats show. The difference is much more noticeable in other liberal outlets. For example, ABC News viewers are 60% female and 40% male, whereas CBS News viewers are 70% female and 30% male.
14. The papers online male readers are younger than their female counterparts.
Interestingly, most of the male readers fall into the 3544 age bracket , while most females fall into the 5564 group .
According to The New York Times online readership statistics, men aged 3544 prefer reading about tech, business, and finance-related topics. Unlike them, women aged 5564 are more interested in arts, health-related articles, and human interest stories.
15. 91% of The New York Times readers identify as Democrats.
Recommended Reading: Where Are The New York Islanders Located
New York Times V Sullivan
The paper’s involvement in a 1964 libel case helped bring one of the key United States Supreme Court decisions supporting freedom of the press, New York Times Co. v. Sullivan. In it, the United States Supreme Court established the “actual malice” standard for press reports about public officials or public figures to be considered defamatory or libelous. The malice standard requires the plaintiff in a defamation or libel case to prove the publisher of the statement knew the statement was false or acted in reckless disregard of its truth or falsity. Because of the high burden of proof on the plaintiff, and difficulty proving malicious intent, such cases by public figures rarely succeed.
The New York Times Circulation Figures
22. On average, 410,562 copies of The Times circulated every workday in 2020.
Print circulation in the US was at an 80-year low in 2020. The pandemic-related distribution difficulties only made the problem worse, and the negative effect also applied to The Times.
According to data from the years first quarter, The New York Times daily circulation was 410,562 copies. The paper placed third, behind The Wall Street Journal and USA Today. These were also the only three newspapers in the US to circulate more than 250,000 copies a day.
23.The New York Times Sunday circulation was more than double that number.
In the first three months of 2020, the papers Sunday edition circulated 876,178 copies more than twice the circulation of its weekday issues. Since USA Today doesnt come out on weekends, this puts The Times in a very close second place behind The Wall Street Journal. For comparison, the Sunday edition of the News Corp-owned paper circulated 995,684 copies.
24. The papers circulation is the highest in New York and California.
Unsurprisingly, The New York Times readership numbers are the highest in the State of New York. The Sunday edition in 2020 circulated 207,188 copies there. California is another of the papers strongholds, with 101,061 copies of the Sunday issue in circulation.
25. Since 2000, The Times average print circulation has decreased by 55.7%.
Read Also: How Much Is The New York Times Newspaper
Arthur Sulzberger Jr To Retire As New York Times Company Chairman
A changing of the guard is complete as he steps back from the board of the news organization he led to 61 Pulitzer Prizes.
- Read in app
The New York Times Company announced on Wednesday that Arthur O. Sulzberger Jr. will retire as the chairman and as an active member of its board of directors on Dec. 31, completing a generational shift at a newspaper that has been in the same family for more than 120 years. He will be succeeded as the boards chairman by his son, A. G. Sulzberger, the publisher.
Mr. Sulzberger, 69, served as publisher of The Times from 1992 to 2017. He made sweeping changes during his tenure, taking the print newspaper from black and white to color starting in 1993 a move viewed with suspicion by some traditionalists and later transforming it into a digital publication. He became chairman in 1997 and will assume the title of chairman emeritus.
His retirement concludes a changing of the guard, coming nearly three years after his son became the publisher and weeks after Meredith Kopit Levien, previously the chief operating officer, replaced Mark Thompson as the chief executive and president. Mr. Thompson, who held the chief executive job for eight years, was appointed to that role by the elder Mr. Sulzberger.
The Times has been run by the Ochs-Sulzberger family since 1896, when its patriarch, Adolph S. Ochs, bought the paper in a bankruptcy sale. Arthur Sulzberger was the fifth publisher in its history.
Linda Henry Who Owns Boston Globe With Her Husband Becomes Its Ceo
She takes the reins at a time of rising tensions between management and the papers union.
- Read in app
Linda Pizzuti Henry on Wednesday became the chief executive officer of Boston Globe Media Partners, the parent company of The Boston Globe, Boston.com and STAT News. Along with her husband, John W. Henry, Ms. Henry is an owner of Boston Globe Media Partners, the Boston Red Sox and the Liverpool Football Club.
I feel really lucky to be able to work every day at a place that I love, doing work that I know is critically important and impactful to a community I care deeply about, Ms. Henry, the first woman to lead The Globe in its 148-year history, said in a statement.
Mr. Henry, 71, bought The Boston Globe from The New York Times Company as part of a $70 million deal for New England Media Group in 2013. Since then, Ms. Henry has been managing director of Boston Globe Media Partners.
Ms. Henry, 42, is taking the top job at a time of rising tensions between The Globes management and its union, the Boston Newspaper Guild, which have been in negotiations over a new contract since the last one expired at the end of 2018.
Matt Rocheleau, a Globe investigative reporter and the unions recording secretary, said the elevation of Ms. Henry did not offer the staff much hope for a swift conclusion.
Ms. Henry effectively replaces Vinay Mehra, who left Boston Globe Media Partners in June after three years as its president.
Also Check: How Much Do Dentists Make In New York
Top 10 Stock Picks Of Tom Purcells Alua Capital Management
In this article, we discuss the top 10 stock picks of Tom Purcells Alua Capital Management based on Q2 holdings of the fund. If you want to skip our detailed analysis of Purcells history, investment philosophy, and hedge fund performance, go directly to the Top 5 Stock Picks of Tom Purcells Alua Capital Management. Tom
The New York Times Company Declares Regular Quarterly Dividend
NEW YORK, September 30, 2021–The New York Times Companys Board of Directors today declared a regular quarterly dividend of $.07 per share on the Companys Class A and Class B common stock. The dividend is payable on October 22, 2021, to shareholders of record as of the close of business on October 11, 2021.
Trump’s lawsuit, filed in state court in New York, accuses Mary Trump of breaching a settlement agreement by disclosing tax records she received in a dispute over family patriarch Fred Trump’s estate.
While The New York Times Company might not be the most widely known stock at the moment, it saw a…
The New York Times Company’s greater emphasis on subscription revenues position it for growth. For the third quarter, management expects a 13-15% increase in total subscription revenues.
New York Times reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of The New York Times…
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
Gannett Chairman and CEO Michael Reed weighs in on the state of the news industry following better than expected second quarter results.
Recommended Reading: How Much Is A Ticket From New York To London