NYT The New York Times Co.
The New York Times Co. is a media organization, which engages in creating, collecting, and distributing news and information. It includes newspapers, print, and digital products and investments and operates through The New York Times, NYTimes.com, and mobile applications. The company was founded by Henry Jarvis Raymond and George Jones on September 18, 1851 and is headquartered in New York, NY.
Company profile
Ticker
NYT
Exchange
Website
CEO
Mark J. T. Thompson
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
McClatchy • Gannett Media • News • Gannett • Lee Enterprises • Tribune Publishing • A.H. Belo • Daily Journal ...
SEC CIK
Corporate docs
IRS number
131102020
Calendar
27 Feb 20
3 Apr 20
27 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 508.36M | 428.5M | 436.26M | 439.06M | |
| Net income | 68.21M | 16.43M | 25.17M | 30.16M | |
| Diluted EPS | 0.41 | 0.1 | 0.15 | 0.18 | |
| Net profit margin | 13.42% | 3.83% | 5.77% | 6.87% | |
| Operating income | 77.97M | 25.09M | 37.93M | 34.6M | |
| Net change in cash | -53.36M | 28.01M | 20.12M | -5.83M | |
| Cash on hand | 230.43M | 283.8M | 255.79M | 235.67M | |
| Cost of revenue | 186.48M | 178.78M | 173.01M | 168.08M |
| Annual (USD) | Dec 16 | Dec 15 |
|---|---|---|
| Revenue | 1.56B | 1.58B |
| Net income | 29.07M | 63.25M |
| Diluted EPS | 0.18 | 0.38 |
| Net profit margin | 1.87% | 4.00% |
| Operating income | 112.68M | 136.59M |
| Net change in cash | -5.08M | |
| Cash on hand | 100.69M | 105.78M |
| Cost of revenue | 629.36M | 617.81M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 25 Feb 20 | Mark Thompson | Class A Common Stock | Payment of exercise | Dispose F | 38.39 | 89,269 | 3.43M | 402,521 |
| 25 Feb 20 | Mark Thompson | Class A Common Stock | Grant | Dispose A | 0 | 175,093 | 0 | 491,790 |
| 25 Feb 20 | Levien Meredith A. Kopit | Class A Common Stock | Payment of exercise | Dispose F | 38.39 | 23,589 | 905.58K | 72,397 |
| 25 Feb 20 | Levien Meredith A. Kopit | Class A Common Stock | Grant | Aquire A | 0 | 51,636 | 0 | 95,986 |
| 25 Feb 20 | Roland A. Caputo | Class A Common Stock | Payment of exercise | Dispose F | 38.39 | 6,000 | 230.34K | 39,587 |
| 25 Feb 20 | Roland A. Caputo | Class A Common Stock | Grant | Aquire A | 0 | 17,509 | 0 | 45,587 |
| 25 Feb 20 | R Anthony Benten | Class A Common Stock | Payment of exercise | Dispose F | 38.39 | 4,461 | 171.26K | 41,902 |
| 25 Feb 20 | R Anthony Benten | Class A Common Stock | Grant | Aquire A | 0 | 11,672 | 0 | 46,363 |
| 25 Feb 20 | Diane Brayton | Class A Common Stock | Payment of exercise | Dispose F | 38.39 | 6,750 | 259.13K | 25,194 |
| 25 Feb 20 | Diane Brayton | Class A Common Stock | Grant | Aquire A | 0 | 17,509 | 0 | 31,944 |
Institutional ownership Q4 2019
98.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 282 |
| Opened positions | 40 |
| Closed positions | 40 |
| Increased positions | 108 |
| Reduced positions | 82 |
13F shares |
Current |
|---|---|
| Total value | 23.49B |
| Total shares | 161.87M |
| Total puts | 176K |
| Total calls | 1.49M |
| Total put/call ratio | 0.1 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 13.96M | $449.12M |
| Jackson Square Partners | 13.92M | $447.9M |
| BLK BlackRock | 13.2M | $424.51M |
| Darsana Capital Partners | 12M | $386.04M |
| Artisan Partners Limited Partnership | 7.02M | $225.84M |
| JPM JPMorgan Chase & Co. | 5.85M | $188.24M |
| Renaissance Technologies | 5.65M | $181.62M |
| Sculptor Capital | 5.02M | $161.52M |
| Echinus Advisors | 5.02M | $161.37M |
| Wellington Management | 5M | $161.01M |
Financial report summary
?Competition
Salon MediaManagement Discussion
- In 2019, diluted earnings per share from continuing operations were $0.83, compared with $0.75 for 2018. Diluted earnings per share from continuing operations excluding severance, non-operating retirement costs and special items discussed below (or “adjusted diluted earnings per share,” a non-GAAP measure) were $0.92 for 2019, compared with $0.81 for 2018.
- Operating profit in 2019 was $175.6 million, compared with $190.2 million for 2018. The decrease was mainly driven by higher operating costs, lower print advertising revenue and lower print subscription revenue, partially offset by higher digital subscription revenues and other revenues. Operating profit before depreciation, amortization, severance, multiemployer pension plan withdrawal costs and special items discussed below (or “adjusted operating profit,” a non-GAAP measure) was $248.4 million and $262.6 million for 2019 and 2018, respectively.
- Total revenues increased 3.6% to $1.81 billion in 2019 from $1.75 billion in 2018 primarily driven by an increase in digital subscription revenue as well as increases in other revenues, partially offset by a decrease in print advertising revenue and print subscription revenue. Total digital revenues increased to approximately $801 million in 2019 compared with $709 million in 2018.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Removed:
advertisement, advertiser, amendment, approximate, arbitrator, asserted, behalf, blocked, brought, budget, challenge, choice, circumvent, Club, contributor, correct, court, demanded, department, depreciate, disagreed, dollar, driver, efficiently, enable, entertainment, ESPP, exercisable, exercising, experiment, Fake, flat, force, ground, Hong, identifiable, incorrect, indispensable, influence, intent, iv, July, knowledge, Kong, Leisure, Love, metered, movie, newsstand, NMDU, occupied, playing, preference, principle, reclassification, refunded, relocation, renewal, resultant, rich, ruling, shared, shifted, shutdown, sought, Submarine, Suburban, terminated, travel, treated, unspecified, virtually, weakened, Yahoo
Financial reports
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
27 Feb 18
10-Q
2017 Q3
Quarterly report
1 Nov 17
Current reports
8-K
Regulation FD Disclosure
2 Mar 20
8-K
Results of Operations and Financial Condition
6 Feb 20
8-K
2019 was a Record Year for Digital Growth at The New York Times Company
14 Jan 20
8-K
Results of Operations and Financial Condition
6 Nov 19
8-K
Entry into a Material Definitive Agreement
11 Sep 19
8-K
Departure of Directors or Certain Officers
9 Sep 19
8-K
Results of Operations and Financial Condition
7 Aug 19
8-K
The New York Times Company Reports 2019 First-Quarter Results
8 May 19
8-K
Submission of Matters to a Vote of Security Holders
2 May 19
8-K
The New York Times Company Reports 2018 Fourth-Quarter and Full-Year Results and Announces Dividend Increase
6 Feb 19
Registration and prospectus
S-3ASR
Automatic shelf registration
27 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
20 Nov 17
S-3ASR
Automatic shelf registration
23 Feb 17
424B2
Prospectus for primary offering
10 Dec 14
S-8
Registration of securities for employees
6 May 14
S-3ASR
Automatic shelf registration
26 Feb 14
424B3
Prospectus supplement
10 Mar 11
S-3ASR
Automatic shelf registration
22 Feb 11
S-4
Registration of securities issued in business combination transactions
22 Feb 11
S-8
Registration of securities for employees
30 Apr 10
Proxies
DEFA14A
Additional proxy soliciting materials
16 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 20
DEF 14A
Definitive proxy
13 Mar 20
DEFA14A
Additional proxy soliciting materials
21 Mar 19
DEFA14A
Additional proxy soliciting materials
20 Mar 19
DEF 14A
Definitive proxy
20 Mar 19
DEF 14A
Definitive proxy
7 Mar 18
DEFA14A
Additional proxy soliciting materials
7 Mar 18
DEFA14A
Additional proxy soliciting materials
7 Mar 18
DEF 14A
Definitive proxy
7 Mar 17
Other
CT ORDER
Confidential treatment order
12 Apr 18
UPLOAD
Letter from SEC
3 Feb 16
CORRESP
Correspondence with SEC
20 Jan 16
CORRESP
Correspondence with SEC
23 Dec 15
UPLOAD
Letter from SEC
22 Dec 15
UPLOAD
Letter from SEC
24 Dec 13
CORRESP
Correspondence with SEC
19 Dec 13
CORRESP
Correspondence with SEC
6 Dec 13
UPLOAD
Letter from SEC
5 Dec 13
NO ACT
No action letter
14 Jan 13
Ownership
4
NEW YORK TIMES / ARTHUR SULZBERGER JR ownership change
27 Feb 20
4
NEW YORK TIMES / Arthur G. Sulzberger ownership change
27 Feb 20
4
NEW YORK TIMES / Mark Thompson ownership change
27 Feb 20
4
NEW YORK TIMES / LEVIEN MEREDITH A. KOPIT ownership change
27 Feb 20
4
NEW YORK TIMES / Roland A. Caputo ownership change
27 Feb 20
4
NEW YORK TIMES / R ANTHONY BENTEN ownership change
27 Feb 20
4
NEW YORK TIMES / Diane Brayton ownership change
27 Feb 20
4
NEW YORK TIMES / David S. Perpich ownership change
25 Feb 20
4
NEW YORK TIMES / R ANTHONY BENTEN ownership change
20 Feb 20
4
NEW YORK TIMES / David S. Perpich ownership change
20 Feb 20