The New York Times Company this morning reported Q1 2011 earnings per share of $.04, compared with $.08 in the same period of 2010.
Total revenues decreased 3.6 percent to $566.5 million from $587.9 million. The publisher’s operating profit came in at $31.1 million for the quarter, compared with $52.7 million in the same period of 2010.
Approximately three weeks after the global launch of its digital subscription packages, NYT reports paid digital subscribers have surpassed 100,000, although it cautions that it does not yet have visibility into conversion and retention rates for these paying customers after the initial promotional period. → Read More
As one of the world’s leading media publishers, it’s critical for The New York Times Company to stay ahead of the curve in the digital space, or die trying. Hence, its efforts on the desktop with Times Reader 2.0, as well as its mobile website and multi-platform applications.
But the company has now come up with an additional way of deriving (sorely needed) revenues from its mobile apps apart from selling or slapping ads on them: licensing. → Read More
In the first quarter of the year, The New York Times Company announced upbeat earnings results, reporting a profit and growing digital advertising sales, albeit after significantly scaling down costs last year.
Earlier this morning, the media company released earnings for the second quarter, and things aren’t looking terrible for them – but not stellar either.
The company’s Q2 profit declined 18 percent to $32 million, compared to the same period a year earlier, when it recorded a $37.7 million tax benefit and net income of $39 million. On an operating basis, profit more than doubled, increasing from $23.5 million to $60.8 million. → Read More
After significantly scaling down costs, The New York Times Company this morning announced upbeat Q1 2010 results, reporting a profit and growing digital advertising sales.
NYT’s operating profit grew more than fivefold in the first quarter of 2010, to $83.3 million compared with $16.4 million in the first quarter of 2009. Total revenues were down 3.2% in Q1, to $587.9 million from $607.1 million in the same period last year.
That’s not bad news, considering that the media company reported a decline of 11.5 percent in last quarter before that (Q4 2009). → Read More
We had some fun yesterday for April Fools day, fake-covering the launch of the New York Times iPad app by replacing some words of an article in the paper published back in 1996 upon the launch of its first Website.
Now, the company has introduced its iPad app for real. It’s free and both advertiser-sponsored and advertising-supported, but there’s also a “full, paid app” in the works. → Read More
The New York Times Company has teamed up with RMG Networks to have some of its digital content displayed on part of the latter’s network of out-of-home screens. The partnership is said to bring NYTimes content to some 850 screens, located in district cafés and eateries in the New York, Los Angeles, Chicago, Boston, and San Francisco markets.
The new initiative, dubbed “NYTimes.com Today”, will feature the latest news headlines, photos, and a selection of videos exclusively from NYTimes.com – along with advertising units – on the digital location-based network operated by RMG Networks. There’s also a mobile aspect to the story, as viewers can head to NYT2day.com on their phones to receive a direct link to the NYTimes.com Today mobile site, featuring the full articles displayed on the – smaller -screens.
Let’s take a closer look at the NYT’s newest distribution partner. → Read More
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