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New York Times (NYT)

The New York Times Company is a global media organization dedicated to enhancing society by creating, collecting and distributing high-quality news and information. The Company includes The New York Times, NYTimes.com and related properties. It is known globally for excellence in its journalism, and innovation in its print and digital storytelling and its business model.

Company profile

Ticker
NYT
Exchange
NYSE
Website
www.nytco.com
CEO
Mark Thompson
Employees
Incorporated
New York
Location
New York
Fiscal year end
Dec 31
Sector
Information > Newspaper Publishers
Industry (SIC)
Newspapers: Publishing or Publishing & Printing
News • Mcclatchy • Gannett • Lee Enterprises • Gannett • DallasNews • Daily Journal • Tribune Publishing ...
SEC CIK
0000071691
Corporate docs
Subsidiaries
Fake Love LLC • Hello Society, LLC • Listen in Audio Inc. • Madison Paper Industries • New York Times Canada Ltd. • New York Times Digital LLC • Northern SC Paper Corporation • NYT Administradora de Bens e Servicos Ltda. • NYT Building Leasing Company LLC • NYT Capital, LLC ...
IRS number
131102020

NYT stock data

News

From Benzinga Pro
Benzinga Before The Bell: Johnson & Johnson To Stop Selling Talc-Based Powder, Google Fined $43M In Australia For Misleading Users Over Data Tracking, S&P Global Drops Coinbase Debt Rating And Other Top Financial Stories Friday, August 12
12 Aug 22
Reuters
ValueAct Acquires 6.7% Stake In New York Times; Describes Stock As 'Undervalued'
12 Aug 22
Why FlexShopper Surged Over 47%; Here Are 104 Biggest Movers From Yesterday
12 Aug 22
Gainers Digital Media Solutions, Inc. (NYSE: DMS) jumped 78.8% to close at $2.11. Digital Media Solutions recently reported worse-than-expected Q2 EPS and sales results.
Looking Into New York Times' Return On Capital Employed
8 Aug 22
Morgan Stanley Maintains Overweight on New York Times, Lowers Price Target to $37
4 Aug 22

Press releases

From Benzinga Pro
The New York Times Company Reports 2022 Second-Quarter Results
3 Aug 22
The New York Times Company (NYSE:NYT) announced today that its second-quarter 2022 financial results are available on The New York Times Company's investor relations website at investors.nytco.com. As previously
Hasbro and New York Times Games Are Bringing Wordle to Life in a New Board Game
14 Jul 22
Wordle: The Party Game Launches This October And Is Available for Pre-Order Today Follow Hasbro Gaming on Instagram @hasbrogamingofficial and Facebook @hasbrogaming for the Latest News The word is… PARTY! Today
The New York Times Company to Announce Second-Quarter 2022 Financial Results on August 3, 2022
13 Jul 22
The New York Times Company (NYSE:NYT) today announced that it will issue its second-quarter 2022 financial results on Wednesday, August 3, at approximately 7:00 a.m. E.T. by posting the results on the Company's investor
The New York Times Company Declares Regular Quarterly Dividend
29 Jun 22
The New York Times Company Details the Next Phase of Its Digitally Focused Strategy and Its Midterm Operating and Financial Targets at Investor Day
13 Jun 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$34.75
Low target
$25.00
High target
$41.00
Morgan Stanley
Maintains
Overweight
$37.00
4 Aug 22
Guggenheim
Maintains
Neutral
$34.00
21 Jul 22
Cannonball Research
Downgraded
Neutral
$31.50
22 Jun 22
Evercore ISI Group
Maintains
Outperform
$40.00
21 Jun 22
JP Morgan
Maintains
Overweight
$41.00
14 Jun 22
Barclays
Maintains
Underweight
$25.00
14 Jun 22

Calendar

3 Aug 22
16 Aug 22
31 Dec 22

Financial summary

Financial statements Chart NYT financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 175.74M 175.74M 175.74M 175.74M 175.74M 175.74M
Cash burn (monthly) 2.6M 13.31M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 4.43M 22.62M n/a n/a n/a n/a
Cash remaining 171.31M 153.12M n/a n/a n/a n/a
Runway (months of cash) 65.8 11.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

NYT insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jul 22 Bhutani Amanpal Singh Class A Common Stock Grant Acquire A No No 0 47 0 16,698
21 Jul 22 Manuel Bronstein Class A Common Stock Grant Acquire A No No 0 15 0 5,458
21 Jul 22 Rachel C Glaser Class A Common Stock Grant Acquire A No No 0 58 0 20,275
21 Jul 22 Brooke Beth A. Class A Common Stock Grant Acquire A No No 0 20 0 7,140
21 Jul 22 Mcandrews Brian P Class A Common Stock Grant Acquire A No No 0 116 0 43,644
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NYT institutional ownership history Ownership history
95.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 348 370 -5.9%
Opened positions 49 57 -14.0%
Closed positions 71 47 +51.1%
Increased positions 124 142 -12.7%
Reduced positions 110 105 +4.8%
13F shares Current Prev Q Change
Total value 6.86B 7.35B -6.7%
Total shares 158.53M 161.03M -1.5%
Total puts 518.5K 384.7K +34.8%
Total calls 453.2K 252.8K +79.3%
Total put/call ratio 1.1 1.5 -24.8%
Largest owners Shares Value Change
Vanguard 15.84M $726.14M -0.2%
BLK Blackrock 13.84M $634.41M -0.4%
Jackson Square Partners 11.17M $511.9M +2.9%
Helu Carlos Slim 8.85M $0 0.0%
Darsana Capital Partners 8.5M $389.64M 0.0%
Farallon Capital Management 7.34M $336.39M -12.0%
Stockbridge Partners 6.49M $297.55M +61.5%
Wellington Management 5.74M $263.2M +31.9%
Sculptor Capital 5.24M $239.98M -14.4%
STT State Street 4.35M $199.22M +2.4%
Largest transactions Shares Bought/sold Change
Stockbridge Partners 6.49M +2.47M +61.5%
Capital World Investors 3.92M -1.91M -32.8%
Wellington Management 5.74M +1.39M +31.9%
Norges Bank 0 -1.35M EXIT
Farallon Capital Management 7.34M -997.9K -12.0%
Sculptor Capital 5.24M -881K -14.4%
FMR 1.52M +877.91K +137.7%
Gilder Gagnon Howe & Co 1.84M -793.22K -30.1%
Greenoaks Capital Partners 1.35M +783.75K +138.4%
Bain Capital Public Equity Management II 573.43K -725.63K -55.9%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We are a global media organization that includes digital and print products and related businesses. On February 1, 2022, we acquired The Athletic Media Company (“The Athletic”), a global digital subscription-based sports media business that provides national and local coverage of more than 200 clubs and teams in the U.S. and around the world. The results of The Athletic have been included in our Condensed Consolidated Financial Statements beginning February 1, 2022. The Athletic is a separate reportable segment of the Company. As a result, beginning in the first quarter of 2022, we have two reportable segments: The New York Times Group and The Athletic.
  • We generate revenues principally from subscriptions and advertising. In addition, we generate other revenues primarily consisting of revenues from licensing, Wirecutter affiliate referrals, commercial printing, the leasing of floors in our headquarters (the “Company Headquarters”), retail commerce, our live events business, our student subscription sponsorship program, and television and film.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: adjacent, ARPU, borrowing, de, direct, elevated, foregoing, fuel, initial, list, macroeconomic, nearest, party, percent, restatement, small, sum, thousand
Removed: extent, mitigation, payable, payroll, response, settle, travel, vaccination
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
3 Aug 22
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
23 Feb 22
10-Q
2021 Q3
Quarterly report
3 Nov 21
10-Q
2021 Q2
Quarterly report
4 Aug 21
10-Q
2021 Q1
Quarterly report
5 May 21
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
Current reports
View all
8-K
The New York Times Company Reports Second-Quarter 2022 Results
3 Aug 22
8-K
Entry into a Material Definitive Agreement
28 Jul 22
8-K/A
The New York Times Company Reports First-Quarter 2022 Results
5 May 22
8-K
The New York Times Company Reports First-Quarter 2022 Results
4 May 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
The New York Times Company Reports 2021 Fourth-Quarter and Full-Year Results
2 Feb 22
8-K
The New York Times Company to Acquire the Athletic
7 Jan 22
8-K
Amendments to Articles of Incorporation or Bylaws
17 Dec 21
8-K
Results of Operations and Financial Condition
3 Nov 21
8-K
Manuel Bronstein Joins The New York Times Company Board of Directors
12 Oct 21
Registration and prospectus
View all
S-8
Registration of securities for employees
22 Apr 20
S-3ASR
Automatic shelf registration
27 Feb 20
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Nov 17
S-3ASR
Automatic shelf registration
22 Feb 17
424B2
Prospectus for primary offering
9 Dec 14
S-8
Registration of securities for employees
5 May 14
S-3ASR
Automatic shelf registration
25 Feb 14
424B3
Prospectus supplement
9 Mar 11
S-3ASR
Automatic shelf registration
21 Feb 11
S-4
Registration of securities issued in business combination transactions
21 Feb 11
Proxies
View all
DEFA14A
Additional proxy soliciting materials
11 Mar 22
DEFA14A
Additional proxy soliciting materials
11 Mar 22
DEF 14A
Definitive proxy
11 Mar 22
DEFA14A
Additional proxy soliciting materials
19 Mar 21
DEFA14A
Additional proxy soliciting materials
19 Mar 21
DEF 14A
Definitive proxy
19 Mar 21
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEFA14A
Additional proxy soliciting materials
16 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 20
DEF 14A
Definitive proxy
13 Mar 20
Other
View all
UPLOAD
Letter from SEC
16 Dec 18
CORRESP
Correspondence with SEC
11 Dec 18
CORRESP
Correspondence with SEC
8 Nov 18
UPLOAD
Letter from SEC
7 Nov 18
CT ORDER
Confidential treatment order
11 Apr 18
UPLOAD
Letter from SEC
2 Feb 16
CORRESP
Correspondence with SEC
19 Jan 16
CORRESP
Correspondence with SEC
22 Dec 15
UPLOAD
Letter from SEC
21 Dec 15
UPLOAD
Letter from SEC
23 Dec 13
Ownership
View all
SC 13D
NEW YORK TIMES / VA Partners I ownership change
11 Aug 22
4
NEW YORK TIMES / ARTHUR S. GOLDEN ownership change
25 Jul 22
4
NEW YORK TIMES / HAYS N GOLDEN ownership change
25 Jul 22
4
NEW YORK TIMES / DYCK REBECCA VAN ownership change
25 Jul 22
4
NEW YORK TIMES / DOREEN A TOBEN ownership change
25 Jul 22
4
NEW YORK TIMES / JOHN W ROGERS JR ownership change
25 Jul 22
4
NEW YORK TIMES / BRIAN P MCANDREWS ownership change
25 Jul 22
4
NEW YORK TIMES / Rachel C Glaser ownership change
25 Jul 22
4
NEW YORK TIMES / Beth A. Brooke ownership change
25 Jul 22
4
NEW YORK TIMES / Manuel Bronstein ownership change
25 Jul 22

Transcripts

View all
2022 Q2
Earnings call transcript
3 Aug 22
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
2 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
6 May 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
6 May 20

Reddit threads

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