New York Times Stock Price, News & Analysis

The New York Times Company (NYSE:NYT) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 2, 2021. Meredith Kopit Levien, the president and CEO, will engage in a fireside chat at 8:45 a.m. ET. This session will be available for live streaming on the company's investor website, with an archive accessible for 90 days afterward. The New York Times Company is renowned for its high-quality journalism and innovative storytelling across its platforms.

The New York Times Company (NYSE: NYT) reported fourth-quarter 2020 earnings with diluted EPS from continuing operations at $0.06, down from $0.41 in Q4 2019. Adjusted diluted EPS was $0.40, slightly below $0.43 from the previous year. Total revenues increased marginally to $509.4 million, driven by a 14.7% rise in subscription revenues to $315.8 million. Digital-only subscription additions surged to 2.3 million for the year. The company declared a $0.07 dividend, payable April 22, 2021. Cash and marketable securities reached $882 million, reflecting strong digital subscription growth.

Wright's Media has partnered with Wirecutter, a product recommendation service owned by The New York Times Company (NYSE: NYT), to enhance content licensing efforts. This collaboration aims to amplify brand visibility for products recommended by Wirecutter through a strategic licensing approach, enabling consumers to trust and appreciate the endorsed products. Wright's Media will leverage its expertise in content licensing to support Wirecutter's mission of simplifying consumer purchasing decisions.

The New York Times Company has announced the appointment of Arthur Golden to its Board of Directors, effective January 1, 2021. Mr. Golden, a fourth-generation member of the Ochs Sulzberger family and a best-selling author, brings creativity and intelligence to the role, according to retiring chairman Arthur Sulzberger, Jr..

Golden holds degrees from Harvard and Columbia Universities and specializes in Japanese Art. His appointment reflects the company's commitment to enhancing journalism and innovation.

The New York Times Company’s Board of Directors has declared a quarterly dividend of $0.06 per share for both Class A and Class B common stock. This dividend is scheduled for payment on January 21, 2021, to shareholders who are on record as of the close of business on January 6, 2021. The New York Times Company (NYSE: NYT) is recognized for its commitment to high-quality journalism and innovation in media.

The New York Times Company (NYSE:NYT) will participate in the UBS Global TMT Conference on December 9, 2020. Meredith Kopit Levien, the CEO, will engage in a virtual fireside chat at 12:05 p.m. E.T. This event will be accessible through a live webcast, with an archive available for 90 days on the company's website. The New York Times Company is a prominent global media organization known for its high-quality journalism and innovative storytelling across print and digital platforms.

The New York Times Company (NYSE: NYT) has appointed Jacqueline M. Welch as the new executive vice president and chief human resources officer, effective January 11, 2021. Welch, who brings over 20 years of HR experience, will report directly to CEO Meredith Kopit Levien and lead the Talent & Inclusion department. She previously served at Freddie Mac, managing various HR functions, including diversity and equity initiatives. This leadership change is expected to enhance talent development and contribute to the company's cultural transformation.

The New York Times Company (NYSE: NYT) announced that its third-quarter 2020 earnings conference call is scheduled for Thursday, November 5, at 8:00 a.m. E.T. The earnings announcement will be released earlier that morning. Participants can pre-register for the call or access it via dial-in numbers for U.S. and international callers. The company emphasizes its commitment to delivering high-quality news and information through its various platforms.

The New York Times Company (NYSE: NYT) has entered an agreement with Massachusetts Mutual Life Insurance Company involving the transfer of approximately $235 million in pension obligations. This move is aimed at managing the size and volatility of its pension obligations and reducing administrative costs. A group annuity contract will support payments for about 1,850 retirees, ensuring no change in their monthly benefits. The transaction, expected to finalize by early 2021, will incur a non-cash pension settlement charge of $80-85 million before tax in Q4 2020.