NYT Co. Reports Revenue, Profits Drop, Digital Subscriptions Increase The New York Times Co. released its earnings report for 4Q 2011, which did not reflect the recent sale of its Regional Media Group (worth $150 million plus tax benefits). Operating profit fell $5 million from 4Q 2010 to $106.6 million, and revenues dropped to $643 million.
NYT Paywall Datapoints of the Day Ken Doctor has a very smart and interesting take on the news that the NYT now has 390,000 paying digital subscribers — plus another 16,000 at the Boston Globe . It’s unambiguously good news, on many fronts.
NYT: Rhodes gives details on Yale athlete, honor Rhodes Trust officials suggest a Yale University quarterback would have known that his candidacy for the prestigious scholarship was in jeopardy because of a sexual misconduct allegation, contrary to what he has said, a newspaper reports. Scholar/athlete Patrick Witt was the subject of media attention last fall when he seemingly faced a tough decision between a Rhodes Scholarship interview and a ...
After NYT report, online learning company’s stock plunges On Tuesday, the New York Times published a critical story on K12 Inc, the largest player in the for-profit K-12 online learning industry. Today, the publicly traded company's stock is down more than 20 percent from where they were at Monday's market close. But will the negative reaction last? Education expert Andrew Rotherham doubts it, pointing [...]
NYT: Komen mess far from over When the nation’s pre-eminent breast cancer advocacy group, the Susan G. Komen for the Cure foundation, decided to stop most of its financing of Planned Parenthood in December, Komen’s leaders hoped to quietly distance the foundation from a politically controversial organization that they feared was costing them support and donations, a board member said.
Jagger schmoozes with media elite, including NYT’s Abramson, at Davos The media elite--that is, those not covering the GOP race--are returning from last week's World Economic Forum in Davos, Switzerland, all to answer a common question: Did you see Mick Jagger? The Rolling Stones frontman was the most-talked about attendee at this year's forum--even if he didn't attend the conference itself. Jagger made cameos at [...]
The New York Times' About.com: From All-Star To Albatross About.com is in free fall. The New York Times (NYSE:NYT - News) revealed yesterday that its network of information sites suffered a 67% drop in profits and that revenues had fallen by a quarter.
