Profile: New York Times Co (NYT.N)
11.77USD
1 Aug 2013
$-0.41 (-3.37%)
$12.18
$12.36
$12.54
$11.58
886,375
424,750
$12.83
$7.54
The New York Times Company, incorporated on August 26, 1986, is a global, multimedia news and information company that includes newspapers, digital businesses, investments in paper mills and other investments. As of December 30, 2012, the Company had two divisions, which included the New York Times Media Group, which includes The New York Times (The Times), the International Herald Tribune (the IHT), NYTimes.com and related businesses and the New England Media Group, which includes The Boston Globe (the Globe), BostonGlobe.com, Boston.com, the Worcester Telegram & Gazette (the T&G), Telegram.com and related businesses.
On September 24, 2012, it completed the sale of the About Group, consisting of About.com, ConsumerSearch.com, CalorieCount.com and related businesses, to IAC/InterActiveCorp. On January 6, 2012, it completed the sale of the Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses in Alabama, California, Florida, Louisiana, North Carolina and South Carolina, to Halifax Media Holdings LLC. In February 2012, it sold 100 of its units in Fenway Sports Group. In May 2012, it sold its remaining 210 units. Fenway Sports Group owns the Boston Red Sox baseball club; Liverpool Football Club (a soccer team in the English Premier League); approximately 80% of New England Sports Network (a regional cable sports network); and 50% of Roush Fenway Racing (a NASCAR team).
New York Times Media Group
The New York Times Media Group comprises The Times, the IHT, NYTimes.com and related businesses. It announced that the IHT, which has served as the global edition of The Times, will be rebranded the International New York Times in 2013. The its metered model offers users free access to a set number of articles per month and then charges users who are not print home-delivery subscribers once they exceed that number. All print home-delivery subscribers receive free digital access. The IHT has charged consumers for digital subscription packages for full access to its news applications on the iPhone and iPad and on NYTimes.com. These digital packages are free to IHT home-delivery subscribers who subscribe for a minimum of five days per week. The Times and the IHT reach a broad audience in print, online at NYTimes.com and global.nytimes.com and on other digital platforms. The Times and the IHT has also expanded their reach and deepened engagement with readers and users by delivering content online and across other digital platforms, including mobile and e-reader applications and social networking sites.
The Times had the daily and Sunday circulation of all seven-day newspapers in the United States. During the year ended December 30, 2012, its average circulation, which includes paid and verified circulation of the newspaper in print, online and on other digital platforms, was 1,670,500 for weekday (Mon - Fri) and 2,138,500 for Sunday. In 2012, approximately 87% of the weekday and 88% of the Sunday circulation was through print or digital subscriptions; the remainder was single-copy print sales primarily on newsstands. According to comScore Media Metrix, an online audience measurement service, in 2012, NYTimes.com had a monthly average of approximately 29 million visitors in the United States and approximately 43 million visitors worldwide. Paid subscribers to digital subscription packages, e-readers and replica editions of The Times and the IHT totaled approximately 640,000 as of its fiscal year ended December 30, 2012.
The Times is printed at its production and distribution facility in College Point, N.Y., as well as under contract at 27 remote print sites across the United States. The Times is delivered to newsstands and retail outlets in the New York metropolitan area through a combination of third-party wholesalers and its own drivers. In other markets in the United States and Canada, The Times is delivered through agreements with other newspapers and third-party delivery agents. The IHT is printed under contract at 38 sites throughout the world and is sold in more than 135 countries and territories.
The New York Times Media Group’s other businesses primarily include the New York Times Index, which produces and licenses The New York Times Index, a print publication; Digital Archive Distribution, which licenses electronic archive databases to resellers of that information in the business, professional and library markets, and The New York Times News Services Division, which is made up of Syndication Sales and Business Development. Syndication Sales transmits articles, graphics and photographs from The Times, the Globe and other publications to over 1,300 newspapers, magazines and Web sites in nearly 100 countries and territories worldwide. Business Development principally comprises photo archives, The New York Times store, book development and rights and permissions.
New England Media Group
The New England Media Group consists of the Globe, BostonGlobe.com, Boston.com, the T&G, Telegram.com and related businesses. All print home-delivery subscribers to the Globe receive free digital access to BostonGlobe.com. Boston.com, a free Website developed by the Globe, serves as a community portal for the greater Boston area and offers general community-focused information to consumers.
The Globe reaches a broad audience in print, online and other digital platforms. The Globe is distributed in print throughout New England, although its circulation is concentrated in the Boston metropolitan area. The Globe has expanded its reach and deepened engagement with readers and users by delivering content online and across other digital platforms, including mobile and e-reader applications and social networking sites. During the year ended December 30, 2012, the Globe’s average circulation, which includes paid and verified circulation of the newspaper in print, online and other digital platforms, was 233,000 for weekday (Mon- Fri) and 373,000 for Sunday. Approximately 83% of the Globe’s weekday and 79% of its Sunday circulation was sold through print and digital subscriptions in 2012; the remainder was sold primarily on newsstands.
Boston.com, New England’s regional news and information Website, in 2012 had a monthly average of over six million visitors in the United States, according to comScore Media Metrix. In 2012, BostonGlobe.com had a monthly average of over one million visitors in the United States, according to comScore Media Metrix. Paid digital subscribers to BostonGlobe.com, e-readers and replica editions totaled approximately 28,000 as of its fiscal year ended December 30, 2012.
The T&G and several Company-owned non-daily newspapers , some published under the name of Coulter Press circulate throughout Worcester County, Mass., and northeastern Connecticut. During the year ended December 30, 2012, the T&G’s average circulation, which includes paid and verified circulation of the newspaper in print and online, was 69,400 for weekday (Mon - Fri) and 78,400 for Sunday. The sales forces of the New England Media Group sell advertising across multiple channels, including print, digital, direct marketing, niche magazines, Internet radio and events, capitalizing on opportunities to deliver to national and local advertisers the Globe’s broad readership in the New England region.
The Company competes with The Wall Street Journal, USA Today, the Financial Times, Time, Bloomberg Business Week , The Economist, CNN, CNNi, Sky News International, CNBC, BBC, WSJ.com, Google News, Yahoo! News, MSNBC, CNN.com, bbc.co.uk, guardian.co.uk, ft.com and reuters.com.
Company Address
New York Times Co
620 EIGHTH AVENUE
NEW YORK NY 10018
P: +1212.5561234
F: +1212.5567389
Company Web Links
| Name | Compensation |
|---|---|
Arthur Sulzberger |
6,896,610 |
Mark Thompson |
3,298,940 |
Michael Golden |
2,393,240 |
James Follo |
1,907,600 |
Christopher Mayer |
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