Amazing news from The Wall Street Journal's Deal Journal blog: The New York Times Co., which operates the paper of record, apparently thought pretty hard about buying a big stake (49 percent!) in much-maligned, just-IPO'd content farm of journalistic misery and eHow.com operator Demand Media.
The surface discrepancy between the two companies was enough Read More
The Washington Post Co. reported third quarter earnings of $60.9 million on Friday, up from $17.1 million last year for a whopping 256 percent earnings increase, but there's trouble on the horizon at the company's cash cow, Kaplan Inc.
Much of WaPo's revenue comes from Kaplan's online college and tutoring business, which had revenues of $743.3 million Read More
A year after The New York Times Company put The Boston Globe on the market only to yank it back into its fold, a group of investors says it has put together an offer to purchase New England's largest newspaper. The news comes from The Globe, the very newspaper with its ownership Read More
Janet Robinson, CEO of The New York Times Company, plans to pay back her company's $250 million loan from Carlos Slim Helú in January of 2012. The payment will coincide with the launch of paywalls to generate subscription revenue online for The New York Times and The Boston Globe.
The company took out the loan from Read More
Jon Meacham said he had two voicemails from billionaires on Wednesday afternoon, following the announcement that his magazine was for sale.
Carlos Slim Helú, the richest man in the world, was not one of those billionaires, but he did pay a visit to Newsweek's Hudson Street offices on Wednesday afternoon to get Read More
The New York Times Company will announce their first quarter earnings on Thursday, and the AP reports that analysts expect to see five cents per share on a $578.3 million revenue. Last year in the first quarter the company lost $74.5 million, or 52 cents per share.
This would suggest "signs of hope after Read More
So: The good news! The New York Times Company earned a profit! After bleak first-quarter results, the Times was able to eke out a small profit of $39.1 million.
Then there are the more troubling signs: Internet advertising revenue went down again, this time 14.3 percent. But during a conference call with investors this morning, Denise Read More
Today, Arthur Sulzberger, Jr. finally had to face the world.
This morning, from The New York Times' skyscraper on Eighth Avenue, Mr. Sulzberger hosted the Times Company’s 113th Annual Shareholders Meeting. He spoke to the company’s battered shareholders—most of those in attendance were geriatric or otherwise free at 10 a.m. on a Thursday morning—who desperately wanted Read More
There was a time when The New York Times never had to say anything back. If the newspaper caught hell for a story in the popular media, editors at the paper could rely on the time-tested formulation: "The story speaks for itself." When critics carped about the newspapers' editorial vision, business plan, or financial position, Read More
The New York Times Company chairman Arthur Sulzberger Jr and CEO Janet Robinson announced today that they are cutting the salaries of New York Times editors, as well as all employees on the corporate side by 5 percent through the end of December. Mr. Sulzberger, along with Times executive editor Bill Keller, is also asking Read More
He hasn’t even been three weeks yet on the job, and The New York Times’ new boy wonder has been pumping out the bylines!
A.G. Sulzberger, 28-year-old son of Arthur Jr, has produced seven bylines already.
In February, a Times spokeswoman told The Observer that Mr. Sulzberger would be working for the City Room blog. True, but Read More
This morning on Squawk on the Street, CNBC's Scott Wapner reports he ran into The New York Times' Arthur Sulzberger Jr. He asked Mr. Sulzberger about the Times Company's potential sale of the Boston Red Sox and got a predictable response ("No comment"), but when he asked if The Times would ever charge for Read More
