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Company Description

Contact Info

620 Eighth Avenue

New York, NY 10018

United States

Phone: 212-556-1234

Fax:

The New York Times Company, a media company, focuses on creating, collecting, and distributing news and information worldwide. The company includes newspapers, print and digital products and investments. The company has one segment with businesses that include the company’s newspapers, The New York Times (The Times) and the International New York Times (INYT); Websites, including NYTimes.com and international.nytimes.com; mobile applications, including The Times’s core news applications, as well as interest-specific applications, such as NYT Cooking, Crossword and others; and related businesses, such as The Times news services division, digital archive distribution, NYT Live (the company’s live events business) and other products and services under The Times brand. During 2015, the company continued to focus on its digital offerings, while also making targeted investments in its print products. Products The company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, the company distributes selected content on third-party platforms. The company’s print newspapers are sold in the United States and internationally through individual home-delivery subscriptions, bulk subscriptions (by business, schools and other entities) and single-copy sales. All print home-delivery subscribers receive unlimited digital access. In addition to the company’s core news Websites and mobile applications, it has developed desktop and mobile applications that are tailored to various interests, including cooking and its Crossword puzzle. Advertising The company has a portfolio of advertising products and services that the company provides across print, Web and mobile platforms. The company’s advertising revenue is divided into three main categories: Display Advertising: Display advertising is principally from advertisers promoting products, services or brands, such as financial institutions, movie studios, department stores, American and international fashion and technology. The Times had the primary market share in 2015 in print advertising revenue among a national newspaper set that consists of USA Today, The Wall Street Journal and The Times. On the company’s Web and mobile platforms, display advertising comprises banners, video, rich media and other interactive ads. Display advertising also includes branded content on The Times’s platforms. Classified Advertising: Classified advertising includes line ads sold in the major categories of real estate, help wanted, automotive and other. In print, classified advertisers pay on a per-line basis. On the company’s Web and mobile platforms, classified advertisers pay on either a per-listing basis for bundled listing packages, or as an add-on to their print ad. Other Advertising: Other advertising primarily includes creative services fees associated with the company’s branded content studio; revenues from preprinted advertising, also known as free-standing inserts; revenues generated from branded bags in which its newspapers are delivered; and advertising revenues from its News Services business. The company’s business is affected in part by seasonal patterns in advertising, with generally higher advertising volume in the fourth quarter (year ended December 2015) due to holiday advertising. Other Businesses The company derives revenue from other businesses, which primarily comprise: The Times news services division, which transmits articles, graphics and photographs from The Times and other publications to approximately 1,800 newspapers, magazines and Websites in approximately 100 countries and territories worldwide. It also comprises various other businesses that primarily include the company’s online retail store, product licensing, book development and rights and permissions; The company’s NYT Live business, which is a platform for the company’s live journalism and convenes thought leaders from business, academia and government at conferences and events to discuss topics ranging from education to sustainability to the luxury business; and Digital archive distribution, which licenses electronic archive databases to resellers of that information in the business, professional and library markets. Joint Venture Investments The company has noncontrolling ownership interests in three entities, such as 49% interest in Donahue Malbaie Inc., a Canadian newsprint company; 40% interest in Madison Paper Industries, a partnership operating a mill that produces supercalendered paper, a polished paper that is higher-value grade than newsprint; and 30% interest in Women in the World, LLC, a live-event conference business. Print Production and Distribution The Times is printed at the company’s production and distribution facility in College Point, N.Y., as well as under contract at 27 remote print sites across the United States. The Times is delivered to newsstands and retail outlets in the New York metropolitan area through a combination of third-party wholesalers and the company’s own drivers. In other markets in the United States and Canada, The Times is delivered through agreements with other newspapers and third-party delivery agents. INYT is printed under contract at 38 sites throughout the world and is sold in 131 countries and territories. INYT is distributed through agreements with other newspapers and third-party delivery agents. Competition The Times competes for advertising and circulation primarily with national newspapers, such as The Wall Street Journal and USA Today. NYTimes.com faces competition from sources, such as WSJ.com, washingtonpost.com, Google News, Yahoo! News, huffingtonpost.com, MSNBC and CNN.com. Internationally, international.nytimes.com competes against international online sources of English-language news, including bbc.co.uk, guardian.co.uk, ft.com, huffingtonpost.com, and reuters.com. History The New York Times Company was founded in 1896. The company was incorporated in 1896 under the laws of the state of New York.

 

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Price/Earnings 40.4x
Price/Sales 1.3x
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Price/Cash Flow 18.3x
TEV/Sales 0.6x
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