The New York Times Co.

The New York Times Co.

The New York Times Co.

Overview
Date Founded

1851

Headquarters

620 Eighth Avenue, New York, NY, 10018, USA

Type of Company

Public

Employees (Worldwide)

3,790

Industries

News & Digital Content
Wholesale: Consumer Non-Durables/Sundries
Internet Software & Services

Company Description

The New York Times Co. is a media organization, which engages in creating, collecting, and distributing news and information. It includes newspapers, print, and digital products and investments and operates through The New York Times, NYTimes.com, and mobile applications. The company was founded by Henry Jarvis Raymond and George Jones on September 18, 1851 and is headquartered in New York, NY.

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Executives & Employees

President & Chief Executive Officer

Executive Director, Retail Store

Executive Director Licensing & Syndication

Chief Financial Officer & Executive Vice President

Executive Vice President & Chief Operating Officer

Executive Vice President, Chief Technology Officer

Chief Accounting Officer, Senior Vice President, Treasurer & Corporate Controller

Executive Vice President, Talent & Inclusion

Publisher

Owner

Board of Directors

Co-Founder at Digital Garage, Inc.

Founder at Ariel Investments LLC

President & Chief Executive Officer at The New York Times Co.

Co-Founder at Kohlberg & Company LLC

Chief Executive Officer at SBI Group, Inc.

Partner at Munger, Tolles & Olson LLP

Former Chief Financial Officer at Verizon Communications, Inc.

Publisher at The New York Times Co.

Chief Marketing Officer at Oculus VR, Inc.

Chief Financial Officer & Principal Accounting Officer at Etsy, Inc.

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The New York Times Co.
Owners & Shareholders
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Darsana Capital Partners seeks to compound capital at high absolute rates of return while avoiding significant capital loss. The firm seeks to make concentrated investments in public companies and industries they believe are undergoing significant secular change and where they have a differentiated view of the outcome. Darsana also pursues short term investments to generate absolute returns. The firm applies consistent investment process consisting of micro-driven idea generation, in-depth and data-intensive research, and refined investment frameworks. Darsana's funds primarily invest in the equity of publicly-traded issuers globally, across multiple industries. They do not generally target any specific range of geographic or industry exposures. Darsana may utilize investments in equities and equity-related investments, such as options. The funds may also invest in swaps, derivative or synthetic instruments, repurchase agreements or other over-the-counter transactions or, in certain circumstances, non-US securities.

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Jackson Square Partners generally pursues an investment strategy of long-term capital growth. In pursuing this strategy, the firm primarily recommends equity securities of US and non-US issuers, although they may recommend a variety of securities and they do not limit recommendations to a particular type of security. The firm seeks to add value primarily through security selection. They apply a rigorous fundamental research process to identify common stocks of companies with long-term capital appreciation potential that are expected to grow faster than the local economy. Using a bottom-up approach, the portfolio managers look for securities with large end-market potential or dominance of a profitable niche market, superior business models, and strong free cash flow generation that are attractively priced compared to the intrinsic value of the securities. The firm also considers a company's operational efficiencies, management's plans for capital allocation, and the company's shareholder orientation. Holdings generally are sold for the following reasons: a better idea is found; an unexpected, negative fundamental change, including change in investment thesis; the holding's valuation becomes stretched past fair value; or portfolio construction considerations.

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OZ Management's funds seek to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Their diversified, multi-strategy approach is based on global investment strategies, including risk or merger arbitrage, convertible/derivative arbitrage, capital structure arbitrage, corporate credit, private investments, structured credit and real estate.OZ Management's investment philosophy focuses on opportunities for long-term value creation through steady, consistent performance with limited use of leverage. The firm bases their investment decisions on detailed, research-based analysis and thorough due diligence. Their investment processes are designed to incorporate risk management into every investment decision, using both quantitative and qualitative approaches.

Recent Transactions
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Resolute Forest Products, Inc. purchases Donohue Malbaie, Inc. from The New York Times Co.

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The New York Times Co. purchases Submarine Leisure Club, Inc.

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The New York Times Co. purchases Fake Love, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onOak Hill Capital Management LLC, Oak Hill Partners, Inc. purchase New York Times /Broadcast Media Group from The New York Times Co.

Accountant

Advised onThe New York Times Co. purchases About, Inc. from RentPath LLC, Kohlberg Kravis Roberts & Co. LP

Legal Advisor

Advised onOak Hill Capital Management LLC, Oak Hill Partners, Inc. purchase New York Times /Broadcast Media Group from The New York Times Co.

Legal Advisor

Advised onOak Hill Capital Management LLC, Oak Hill Partners, Inc. purchase New York Times /Broadcast Media Group from The New York Times Co.

Legal Advisor

Advised onOak Hill Capital Management LLC, Oak Hill Partners, Inc. purchase New York Times /Broadcast Media Group from The New York Times Co.

Associate

Advised onNew England Media Group, Inc. /Henry purchases New England Media Group, Inc. from The New York Times Co.

Advisors & Consultants
Advisor

Co-Founder at Acacia Wealth Advisors LLC

Real Estate Agent

Senior Managing Director, Brokerage at Newmark Knight Frank

Consultant

Regional Managing Principal at Gensler, Inc.

Clients

WisdomTree launched its first ETFs in June of 2006, and is currently the industry's seventh largest ETF provider. WisdomTree sponsors 47 distinct ETFs that span asset classes and countries around the world. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives. WisdomTree pioneered the concept of fundamentally weighted ETFs and active ETFs and is currently an industry leader in both categories (as measured by assets under management). WisdomTree is the only publicly traded asset manager exclusively focused on the ETF industry.

orstar Corporation is a broadly based, progressive media company listed on the Toronto Stock Exchange (TS.B), with a long history in daily and community newspapers, book publishing and digital businesses. Built on the foundation of the Toronto Star, one of North America’s great metropolitan daily newspapers, Torstar has grown into a diversified media company with a growing portfolio of operations in Canada, the United States and around the world. Torstar owns Harlequin, a leading global publisher of books for women that sells books through retail channels in stores and online, and directly to consumers through its direct mail businesses and its Internet sites. Harlequin publishes books in more than 110 international markets and in over 30 languages. The company also publishes more than 110 newspapers and operates dozens of digital businesses in Canada through its Media Segment, which is comprised of Star Media Group, including Torstar Digital, and Metroland Media Group. Star Media Group, led by its flagship newspaper, the Toronto Star, also includes thestar.com, one of the most-visited newspaper websites in Canada, as well as Torstar’s interest in the Metro chain of free daily newspapers in 10 Canadian cities and the Chinese-language newspaper Sing Tao Daily. Also included in Star Media group is Torstar Digital, a leading Canadian digital media organization which includes Torstar’s interest in Workopolis and Olive Media as well as Travel Alerts, EyeReturn and Wagjag. Metroland Media Group publishes more than 110 weekly community newspapers in print and online, as well as three daily newspapers. Metroland also has extensive online properties, directories, specialty publications and also operates several consumer shows. Torstar also has investments in Blue Ant Media Inc., Canadian Press Enterprises Inc., and Black Press Limited.

Carnegie Hall’s mission is to present extraordinary music and musicians on the three stages of this legendary hall, to bring the transformative power of music to the widest possible audience, to provide visionary education programs, and to foster the future of music through the cultivation of new works, artists, and audiences.

Key Stats and Financials As of 2017
Market Capitalization
$4.34B
Total Enterprise Value
$2.8B
Earnings Per Share
$0.03
Revenue
$1.68B
Three Year Compounded Annual Growth Rate Of Revenue
1.8%
Five Year Compounded Annual Growth Rate Of Revenue
-3.38%
EBITDAMargin
16.31%
Enterprise Value Sales
1.67x
Enterprise Value EBITDAOperating
10.24x
TEVNet Income
591.85x
Debt TEV
0.09x
Total Debt
$250M
Net Profit
$4.73M
EBITDA
$273M
Total Equity
$897M
Non-Profit Donations & Grants
Investments
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RadioPublic PBC operates as a streaming media application. It allows users to download episodes while on Wi-Fi to listen without using mobile data, stream podcast episodes, and personalized episodes for playlist. The company was founded by Jake Shapiro, Matt MacDonald and Chris Rhoden in 2015 and is headquartered in Somerville, MA.

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Shine, Inc. provides messaging services through an online application. The company was founded by Marah Lidey and Naomi Hirabayashi and is headquartered in New York, NY.

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Brick X Brick, Inc. develops a mobile application for story reading. The company was founded by Adeeb Sahar and is headquartered in California.

Investors
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Co-Founder at The Red Sox Foundation, Inc.

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Founder at Impulsora del Desarrollo y el Empleo en América Latina SAB

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Co-Founder at Highland Capital Partners LLC

Suppliers
Resolute Forest Products, Inc. Paper Products | Montréal, QC

Resolute Forest Products, Inc. provides forest products. It owns and operates pulp & paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products. It also produces lumber and other wood products for the residential-construction and home-renovation markets, as well as for specialized structural and industrial applications. Resolute Forest Products was founded on January 25, 2007 and is headquartered in Montreal, Canada.

Innodata, Inc. IT Consulting & Services | Ridgefield Park, NJ

Innodata, Inc. engages in the provision of digital services and solutions. It operates through the following segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS), and Media Intelligence Solutions (MIS). The DDS segment provides solutions to digital retailers, information services companies, publishers, and enterprises that have one or more of the following broad business requirements: development of digital content, development of new digital information products, and operational support of existing digital information products and systems. The IADS segment performs data analysis through the Synodex division and the docGenix division. The MIS segment functions through its Bulldog Reporter and the Agility PR Solutions subsidiaries. The company was founded by Todd H. Solomon in 1988 and is headquartered in Ridgefield Park, NJ.

Bankrate, Inc. Internet Software & Services | New York, NY

We at Bankrate, Inc. have over three decades' experience in financial publishing. Bankrate was born in 1976 as "Bank Rate Monitor," a print publisher for the banking industry. The "Bank Rate Monitor" newsletter we originally distributed contained much of the same rate research and information we're known for and respected for today. After two decades of conducting quality, trusted rate research, we took our product to the Web, expanded our offerings and made our online debut in 1996. Since then, we have increased our site traffic to over 7 million monthly unique visitors, expanded our distribution outlets, added new content channels and continually strive to provide a better, more comprehensive consumer experience. Today, Bankrate, Inc. is the Web's leading aggregator of financial rate information, offering an unparalleled depth and breadth of rate data and financial content. Bankrate continually surveys approximately 4,800 financial institutions in all 50 states in order to provide clear, objective, and unbiased rates to consumers. Our flagship Web site, Bankrate.com, provides free rate information to consumers on more than 300 financial products, including mortgages, credit cards, new and used automobile loans, money market accounts, certificates of deposit, checking and ATM fees, home equity loans and online banking fees. In addition to rate data, we publish original and objective personal finance stories to help consumers make informed financial decisions. Our staff of award winning reporters and editors provides expert advice on just about every major financial decision facing our readers: from purchasing their first home, to selecting a new car, to saving for retirement. Hundreds of print publications depend on Bankrate as the trusted source for financial rates and information, including 8 of the top 10 newspapers in the country, including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times and The Boston Globe. And you will see our data frequently referenced on "CNN," "CNBC," "Fox Business News," "ABC News" and many other major broadcast news outlets.

Competitors
Facebook, Inc. Internet Software & Services - MENLO PARK , CA

Facebook, Inc. engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. Its products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

AT&T, Inc. Computer Software - Dallas, TX

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It operates through the following business segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment provides advanced IP-based services including Virtual Private Networks (VPN); Ethernet-related products; FlexWare, a service that relies on Software Defined Networking (SDN) and Network Functions Virtualization (NFV) to provide application-based routing, and broadband, collectively referred to as strategic services, as well as traditional data and voice products. We utilize our wireless and wired networks to provide a complete communications solution to our business customers. The Entertainment Group segment offers video, internet, voice communication, and interactive and targeted advertising services to customers located in the United States. The Consumer Mobility segment provides nationwide wireless service to consumers, and wholesale and resale subscribers located in the United States. The International segment provides entertainment services in Latin America and wireless services in Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

Thomson Reuters Corporation Internet Software & Services - EL MONTE , CA

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare, science and media markets, powered by the world’s most trusted news organization. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and the New York Stock Exchange (NYSE: TRI).