One day after The New York Times received five Pulitzer Prizes, The New York Times Company said in its 2009 First-Quarter conference call that total revenue had declined 18.6 percent. The company’s debt at the end of the quarter totaled $1.3 billion.
According to the Times Company’s press release this morning, the Read More
New York Times editors have come to the newsroom with a simple question: Got any ideas on how to save money?
Rick Berke, The Times’ assistant managing editor, sent a memo to the newsroom this morning to ask reporters and editors to come forward with any ideas to cut costs. The ideas can be small Read More
On Feb. 20, New York Times Company president and chief executive Janet Robinson was standing on the 15th floor of the Times building speaking to a room packed with hackers. About 140 software developers, engineers and miscellaneous geeks were tip-tapping on their laptops and iPhones—some in blazers and jeans, others sporting bedhead and Converse sneakers—while Read More
Lots of people seem to be thinking about The New York Times today. Or is it just us?
The future of the country’s leading newspaper—which as recently as early January was called into doubt by The Atlantic‘s Michael Hirschorn—is touched on in this week’s Time magazine cover story by Walter Isaacson, which Read More
Minutes after The New York Times Company sent out an email releasing its year-end and fourth quarter financial results, which was followed by a conference call this morning, media writers jumped all over the bloody numbers.
Gawker called it "bad, bad, bad"; Portfolio pointed out that CFO Jim Follo said on Read More
Two weeks ago The Atlantic‘s Michael Hirschorn crunched some numbers and determined that the New York Times Company might be in such bad shape it could be forced to cease printing The New York Times "like, this May."
Mr. Hirschorn’s essay resulted in much hand-wringing in Medialand: Portfolio‘s Felix Salmon re-checked Mr. Read More
In the January/February issue of The Atlantic, columnist Michael Hirschorn looks at the future of The New York Times and wonders, "[W]hat if the old media dies much more quickly? … [W]hat if The New York Times goes out of business—like, this May?"
Mr. Hirschorn looks at the Times Company’s difficult year—and Read More
Who was left standing after Random House’s reorganization? According to Leon Neyfakh, Sonny Mehta, whose Knopf now oversees several new imprints. "Whatever role Mr. Mehta had in getting what he got, the spoils reaped—from the unspeakably lucrative John Grisham franchise to the next blockbuster by Da Vinci Code author Dan Brown—were evident immediately." Read More
Who needs fancy Chief Innovation Officers (or their imaginary sons)? Wired‘s Clive Thompson just might’ve come up with the solution to all of the big media companies’ problems. As Mr. McGuire counseled young Benjamin Bradock in The Graduate, we have just one word—are you listening—for the Tribune Company, The New York Times Read More
As has been speculated for about month, The New York Times Company has severly cut its dividend—the pool of money it hands out to its shareholders, including about $25 million to the Sulzberger-Ochs clan—from $.23 -per-share to $.06-per-share. That’s about a 75-percent cut for what serves as one of the biggest Read More