Does The New York Times Make Money
Style in Copenhagen | Intersection | The New York Times
New York Times Companys revenue 2008-2020, by source. In 2020, the New York Times Company generated only 392.4 million U.S. dollars from advertising revenue, the lowest figure for this sector in the period shown. In 2019, the company earned 530.68 million U.S. dollars from selling advertising space.
The New York Times Subscription Stats
4. The number of New York Times digital subscribers has been growing steadily since 2014.
Unlike many competitors, The Times has managed to grow its digital subscriber base each quarter for the past seven years. From 799,000 digital subscribers in Q1 2014, the number has gone up to an all-time high of 5.09 million in Q4 2020 an impressive 537% increase.
5. In 2020 alone, the paper added 1.66 million digital subscribers.
Although 2020 was financially rough for all media outlets, The Times managed to significantly increase its digital subscriber base. The New York Times subscriber numbers went up from 3.43 million in 2019 to 5.09 million at the end of 2020, marking a 49.4% increase year-over-year.
6.The New York Times is the most popular newspaper among US digital news consumers.
Almost two-fifths of Americans who subscribed to digital editions of print newspapers in 2020 chose to support The New York Times, readership statistics reveal. The Washington Post, another paper widely perceived as left-leaning, ranked second with 31%. Finally, 30% of US digital subscribers opted for internet editions of their local newspapers.
7. 16% of the papers subscribers live outside of the United States.
The New York Times isnt only popular in the US it also has many subscribers abroad. Looking at The New York Times readership demographics by country, most of the papers international readers come from other English-speaking countries like Canada and Australia.
The New York Times Company
229 West 43rd Street
Incorporated: 1851 as Raymond, Jones & CompanyEmployees: 10,400Stock Exchange: American
The New York Times Company is a large diversified media and communications business engaged in newspaper and magazine publishing, broadcasting and information services, and, to a lesser extent, forest products. Its principal property is one of the worlds great newspapers, The New York Times, founded in 1851. During its history of nearly 140 years, the company has grown to include along with The New York Times, 32 regional newspapers and 17 magazines, including such popular journals as Family Circle, McCalls, Golf Digest, and Tennis. The company also operates five television stations, two radio stations, a news service, and a features syndicate, and licenses databases and copyrights. In addition it has equity interests in three Canadian newsprint mills and a partnership interest in a Maine paper mill.
Raymond was active in Republican politics throughout the war. He was present at the creation of the party in Pittsburgh in 1856 and wrote its first statement of principles. He wrote most of the party platform in 1864. Between political activity and journalism, Raymond was chronically overworked for years, and his health suffered. On June 19, 1869, at the age of 49, he died. George Jones assumed the editorial leadership of the Times.
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Amazons Jeff Bezos Explains Why He Bought The Washington Post
Multi-billionaires like to buy extravagant things.
Richard Branson, founder of the Virgin Group, owns a space exploration company. Lawrence J. Ellison, chairman of the Oracle Corporation, has his own private Hawaiian island.
And last year, Jeff Bezos, who as chief executive of Amazon has made billions turning the book publishing business on its head, decided to buy one of the countrys oldest newspapers, The Washington Post. But, according to Mr. Bezos, it was never something he thought he wanted to own.
I dont know anything about the newspaper business, so at the time I said, Why would I even be a candidate to buy The Post?’ he said in a conversation at the Business Insider Ignition conference in New York on Tuesday.
In his telling, which was one of the first candid interviews on the subject since he bought the paper for $250 million last year, Mr. Bezos was approached through an intermediary by Donald E. Graham, then the chairman and chief executive of The Washington Post Company. Aside from his lack of expertise on the newspaper industry, Mr. Bezos was skeptical for other reasons.
I went through a few gates before deciding to buy The Post. Is it hopeless? I didnt want to do it if it was, he said. The Internet has radically disrupted traditional newspapers. The world is completely changed, and advertisers have tons of options on how to reach people in local areas.
Correction: December 3, 2014
Carlos Slim Loan And Investment
On January 20, 2009, The New York Times reported that its parent company, The New York Times Company, had reached an agreement to borrow $250 million from Carlos Slim, a Mexican billionaire “to help the newspaper company finance its businesses”. The New York Times Company later repaid that loan ahead of schedule. Since then, Slim has bought large quantities of the company’s Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held. Slim’s investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares, and again in 2015, when he exercised stock optionsacquired as part of a repayment plan on the 2009 loanto purchase 15.9 million Class A shares, making him the largest shareholder. As of March 7, 2016, Slim owned 17.4% of the company’s Class A shares, according to annual filings submitted by the company. While Slim is the largest shareholder in the company, his investment only allows him to vote for Class A directors, a third of the company’s board. Slim continues to influence the paper’s direction.
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George Soros Buys New York Times
Billionaire George Soros plans on making the New York Times an even louder mouthpiece for his globalist propaganda by buying up another $3 million in shares.
Even though Soros already owns a large share of the Times, his latest purchase will see his influence infiltrate every inch of the newsroom.
Rt.com reports: According to a filing to the US Securities and Exchange Commission last month, the shares are worth $3,046,000.
According to the same filing, Soros also invested money in Tribune Media Company and in Time Warner Inc.
Soros Fund Management is the company that Soros uses to spread his wealth around. Soros Fund Management actively invests in stocks, bonds, commodities, currencies and, as the New York Times reported recently, the Triple Crown-winning racehorse Justify.
Soros latest purchase marks the first time in over a decade that the billionaire has sunk money into the New York Times. In 2007, Soros bought $470,000 worth of shares in the newspaper.
It is unclear whether Soros growing involvement with the Times will affect the papers editorial line, especially considering that his $3 million investment is a fraction of the papers $3.6 billion value. Soros is well known for his liberal views, however, and publicly supports and funds a variety of progressive and neoliberal causes, through NGOs like his Open Society Foundations.
Is The New York Times A Publisher
Though The New York Times is a public company, all voting shares are controlled by the Ochs-Sulzberger Family Trust. He became publisher on January 1, 2018, succeeding his father Arthur Ochs Sulzberger Jr., although the elder Sulzberger remained chairman of The New York Times Company until the end of 2020.
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Throughout The Generations The Paper Has Maintained A Veneer Of Objectivity Even As It Buried Stories Of Wwii Atrocities Against Jews
NEW YORK â On Thursday, The New York Times announced that its publisher, Arthur Ochs Sulzberger Jr., 66, is stepping down at the end of the year and will be succeeded by his son, 37-year-old Arthur Gregg Sulzberger.
The familial exchange of power wasnât unexpected. The younger Sulzberger is the sixth member of the Ochs Sulzberger clan to serve as publisher of the prominent New York newspaper. He is a fifth-generation descendant of Adolph S. Ochs, who bought the newspaper in 1896 as it was facing bankruptcy.
The familyâs Jewish history â Adolph Ochs was the child of German Jewish immigrants â has often been the subject of fascination and scrutiny, especially during and after World War II, when the paper was accused of turning a blind eye to atrocities against Jews.
Today the familyâs Jewish ties are less apparent than they were in the past. Arthur Ochs Sulzberger Jr. was raised in his motherâs Episcopalian faith and later stopped practicing religion. He and his wife, Gail Gregg, were married by a Presbyterian minister. However, he has said that people still tend to regard him as Jewish due to his last name.
A look back into the familyâs history shows why. Adolph Ochs, the original member of the Ochs Sulzberger clan, married Effie Wise, the daughter of Rabbi Isaac Mayer Wise, a leading American Reform Jewish scholar who founded the movementâs rabbinical school, the Hebrew Union College-Jewish Institute of Religion.
The New York Times Readership Demographics
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12. 63% of The New York Times readers are under the age of 50.
Almost two-thirds of people who get their political news and commentary from The New York Times are under 50 34% fall into the 3049 age group, and 29% are in the 1829 bracket. As for other readers, 17% are aged 5064, while the remaining 20% are over 65.
The New York Times target audience primarily comprises people under the age of 49, who are also the preferred demographic for most advertisers. This age breakdown shows that the paper has successfully reached its target readership and maintained its interest in the topics it covers.
13. 51% of The Times readers are male, and 49% are female.
Theres no significant gender gap among The New York Times readership, stats show. The difference is much more noticeable in other liberal outlets. For example, ABC News viewers are 60% female and 40% male, whereas CBS News viewers are 70% female and 30% male.
14. The papers online male readers are younger than their female counterparts.
Interestingly, most of the male readers fall into the 3544 age bracket , while most females fall into the 5564 group .
According to The New York Times online readership statistics, men aged 3544 prefer reading about tech, business, and finance-related topics. Unlike them, women aged 5564 are more interested in arts, health-related articles, and human interest stories.
15. 91% of The New York Times readers identify as Democrats.
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New York Times V Sullivan
The paper’s involvement in a 1964 libel case helped bring one of the key United States Supreme Court decisions supporting freedom of the press, New York Times Co. v. Sullivan. In it, the United States Supreme Court established the “actual malice” standard for press reports about public officials or public figures to be considered defamatory or libelous. The malice standard requires the plaintiff in a defamation or libel case to prove the publisher of the statement knew the statement was false or acted in reckless disregard of its truth or falsity. Because of the high burden of proof on the plaintiff, and difficulty proving malicious intent, such cases by public figures rarely succeed.
The New York Times Circulation Figures
22. On average, 410,562 copies of The Times circulated every workday in 2020.
Print circulation in the US was at an 80-year low in 2020. The pandemic-related distribution difficulties only made the problem worse, and the negative effect also applied to The Times.
According to data from the years first quarter, The New York Times daily circulation was 410,562 copies. The paper placed third, behind The Wall Street Journal and USA Today. These were also the only three newspapers in the US to circulate more than 250,000 copies a day.
23.The New York Times Sunday circulation was more than double that number.
In the first three months of 2020, the papers Sunday edition circulated 876,178 copies more than twice the circulation of its weekday issues. Since USA Today doesnt come out on weekends, this puts The Times in a very close second place behind The Wall Street Journal. For comparison, the Sunday edition of the News Corp-owned paper circulated 995,684 copies.
24. The papers circulation is the highest in New York and California.
Unsurprisingly, The New York Times readership numbers are the highest in the State of New York. The Sunday edition in 2020 circulated 207,188 copies there. California is another of the papers strongholds, with 101,061 copies of the Sunday issue in circulation.
25. Since 2000, The Times average print circulation has decreased by 55.7%.
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Arthur Sulzberger Jr To Retire As New York Times Company Chairman
A changing of the guard is complete as he steps back from the board of the news organization he led to 61 Pulitzer Prizes.
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The New York Times Company announced on Wednesday that Arthur O. Sulzberger Jr. will retire as the chairman and as an active member of its board of directors on Dec. 31, completing a generational shift at a newspaper that has been in the same family for more than 120 years. He will be succeeded as the boards chairman by his son, A. G. Sulzberger, the publisher.
Mr. Sulzberger, 69, served as publisher of The Times from 1992 to 2017. He made sweeping changes during his tenure, taking the print newspaper from black and white to color starting in 1993 a move viewed with suspicion by some traditionalists and later transforming it into a digital publication. He became chairman in 1997 and will assume the title of chairman emeritus.
His retirement concludes a changing of the guard, coming nearly three years after his son became the publisher and weeks after Meredith Kopit Levien, previously the chief operating officer, replaced Mark Thompson as the chief executive and president. Mr. Thompson, who held the chief executive job for eight years, was appointed to that role by the elder Mr. Sulzberger.
The Times has been run by the Ochs-Sulzberger family since 1896, when its patriarch, Adolph S. Ochs, bought the paper in a bankruptcy sale. Arthur Sulzberger was the fifth publisher in its history.
Linda Henry Who Owns Boston Globe With Her Husband Becomes Its Ceo
She takes the reins at a time of rising tensions between management and the papers union.
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By Katie Robertson
Linda Pizzuti Henry on Wednesday became the chief executive officer of Boston Globe Media Partners, the parent company of The Boston Globe, Boston.com and STAT News. Along with her husband, John W. Henry, Ms. Henry is an owner of Boston Globe Media Partners, the Boston Red Sox and the Liverpool Football Club.
I feel really lucky to be able to work every day at a place that I love, doing work that I know is critically important and impactful to a community I care deeply about, Ms. Henry, the first woman to lead The Globe in its 148-year history, said in a statement.
Mr. Henry, 71, bought The Boston Globe from The New York Times Company as part of a $70 million deal for New England Media Group in 2013. Since then, Ms. Henry has been managing director of Boston Globe Media Partners.
Ms. Henry, 42, is taking the top job at a time of rising tensions between The Globes management and its union, the Boston Newspaper Guild, which have been in negotiations over a new contract since the last one expired at the end of 2018.
Matt Rocheleau, a Globe investigative reporter and the unions recording secretary, said the elevation of Ms. Henry did not offer the staff much hope for a swift conclusion.
Ms. Henry effectively replaces Vinay Mehra, who left Boston Globe Media Partners in June after three years as its president.
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The New York Times Company Declares Regular Quarterly Dividend
NEW YORK, September 30, 2021–The New York Times Companys Board of Directors today declared a regular quarterly dividend of $.07 per share on the Companys Class A and Class B common stock. The dividend is payable on October 22, 2021, to shareholders of record as of the close of business on October 11, 2021.
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The New York Times Company, which is publicly traded, has been governed by the Sulzberger family since 1896, through a dual-class share structure. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the paper.Who owns NY Daily? ›
Today's Daily News is not connected to the earlier New York Daily News, which shut down in 1906. The Daily News is owned by parent company Tribune Publishing.What corporation owns NY Times? ›
As a public company, The Times trades under the ticker symbol NYT, but the business is controlled by the Ochs-Sulzberger family through a trust. The publisher, A.G. Sulzberger, is a fifth-generation member of the family. Additional financial information can be found here.Who is the owner publisher of The New York Times? ›
A.G. Sulzberger is chairman of The New York Times Company and publisher of The New York Times.Who is the largest shareholder of The New York Times? ›
With 64,588,418 shares, Jeff Bezos is the major individual investor. Owning 12.7% of the company.Who owns the biggest paper in the US? ›
Gannett Co., Inc.
(/ɡəˈnɛt/) is an American mass media holding company headquartered in Tysons, Virginia, in the Washington, D.C., metropolitan area. It is the largest U.S. newspaper publisher as measured by total daily circulation. Gannett Co., Inc.
The Daily (News Corporation)
|The front page of the first issue, February 2, 2011|
History. The newspaper's owners, Solstice Media, is itself "owned by over 100 South Australian investors and also publishes industry magazines including SA Defence Business, the SA Mines and Energy Journal, Place architecture magazine, and the Catholic family newsletter Southern Cross".Who bought the New York World newspaper business? ›
Pulitzer purchased the New York World in 1883, pledging to dedicate his newspaper to the 'cause of the people. ' This morning daily featured exposés of the sordid conditions of New York's tenement houses and championed the cause of European immigrants to this country.Does BlackRock own nytimes? ›
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 14.21MM shares of New York Times Co (NYT). This represents 8.6% of the company.
Reagan later "waived a prohibition against owning a television station and a newspaper in the same market", allowing Murdoch to continue to control the New York Post and The Boston Herald while expanding into television.What New York newspaper does Jeff Bezos own? ›
In late September 2013, Jeff Bezos purchased the Washington Post and other local publications, websites, and real estate for US$250 million, transferring ownership to Nash Holdings LLC, Bezos's private investment company.Does NYT own WSJ? ›
The Wall Street Journal (WSJ) is a newspaper and news agency based in New York, N.Y. It was founded in by Charles Dow, Edward Jones and Charles Bergstresser in 1889. The WSJ is a division of Dow Jones, which is owned by Rupert Murdoch's News Corp.What publisher does Stephen King use? ›
Stephen King | Official Publisher Page | Simon & Schuster.Who is the richest stockholder in the world? ›
Warren Edward Buffett (/ˈbʌfɪt/ BUF-it; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway.Who is the richest shareholder? ›
Certain billionaires made their fortunes in the stock market. The list includes John Paulson, Warren Buffett, James Simons, Ray Dalio, Carl Icahn, and Dan Loeb. Buffett is by far the richest person of these six famous investors, with a net worth of $116 billion.Who is the biggest stockholder in the world? ›
|Rank||Shareholder||Number of shares|
|1||T.D. Veen||6 146 946|
|2||Holmen Spesialfond||5 134170|
|3||Bjøberg Eiendom AS||4 025 775|
|4||J.P. Morgan Securities PLC||3 077 807|
The newspaper with the highest print circulation in the United States in the six months running to March 2022 was The Wall Street Journal, with an average weekday print circulation of 697.49 thousand. Ranking second was The New York Times, followed by USA Today.What six companies own everything? ›
These top six companies control 90% of the media in the United States. Just 37 years ago, there were 50 companies in charge of most American media. Now, 90% of the media in the United States is controlled by just six corporations: AT&T, CBS, Comcast, Disney, Newscorp and Viacom.Who funds the new daily? ›
The paper was started by AustralianSuper, Cbus and Industry Super Holdings. In 2016, it became wholly owned by Industry Super Holdings. The venture has been controversial due to its ownership by non-profit superannuation funds, in regards to both the publication's commercial nature and its editorial independence.
The site is backed by Industry Super Holdings and is produced by Motion Publishing, with key executives including former Herald Sun and The Age editor, Bruce Guthrie, and digital publishing pioneer, Eric Beecher.What percentage of newspapers does Rupert Murdoch own? ›
The Murdoch Family Trust controls around 40 per cent of the parent company's voting shares (and a smaller proportion of the total shares on issue).Does Rupert Murdoch own The Times newspaper? ›
The Times and The Sunday Times were first held under common ownership by Lord Thomson in 1966 as Times Media Limited and were bought by Rupert Murdoch in 1981. TNL is now part of News UK. Both papers introduced digital subscriptions in 2010 to help ensure a sustainable future for their journalism.Who owns the Washington Post and The New York Times? ›
The question hovering over it in recent months: What does Jeff Bezos think? The Amazon founder, who bought the news organization in 2013, has said nothing publicly about The Post's recent struggles.