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Dozens of New York Times tech workers cross the picket line on Election Day
Business Insider· 2024-11-06 00:08
Dozens of New York Times tech workers crossed the picket line amid a tech strike.The Tech Guild is striking over remote work, pay equity, and subcontracting limits.The work stoppage threatened to disrupt operations during an expected election traffic surge. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized f ...
NYT Q3 Earnings Beat Estimates, Subscription Revenues Climb Y/Y
ZACKS· 2024-11-05 18:11
The New York Times Company (NYT) continued its decent performance in the third quarter of 2024. The company's adjusted earnings per share were 45 cents, which surpassed the Zacks Consensus Estimate of 42 cents. The figure marked an increase from the year-ago adjusted earnings of 37 cents. Total revenues of $640.2 million were in line with the Zacks Consensus Estimate of $640 million and increased 7% year over year. See the Zacks Earnings Calendar to stay ahead of market-making news.NYT added approximately 2 ...
Perplexity CEO offers AI company's services to replace striking NYT staff
TechCrunch· 2024-11-04 21:43
The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines and provide services to mitigate the effect of a strike by New York Times tech workers.The NYT Tech Guild announced its strike Monday, after setting November 4 as its deadline months earlier. The workers represented provide software support and data analysis for the Times, on the business side of the outlet. They have been asking for an annual 2.5% wage increase and to cement a current two days per week in-office ex ...
Perplexity CEO offers to replace striking NYT staff with AI
TechCrunch· 2024-11-04 18:49
The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross a virtual picket line and provide services during a strike by New York Times tech workers.The NYT Tech Guild announced its strike Monday, after setting November 4 as its deadline months earlier. The workers represented provide software support and data analysis for the Times, on the business side of the outlet. They have been asking for an annual 2.5% wage increase and to cement a current two days per week in-office expectation, ...
New York Times tech workers are going on strike at the worst possible time
Business Insider· 2024-11-04 18:45
The New York Times' tech workers went on strike, risking disrupting the Times during the election.The Tech Guild is seeking remote work protections, pay equity, and limits on subcontracting.The strike could impact the Times' digital operations ahead of an expected traffic surge. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topi ...
New York Times(NYT) - 2024 Q3 - Quarterly Report
2024-11-04 18:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 1-5837 THE NEW YORK TIMES COMPANY (Exact name of registrant as specified in its charter) New York 13-1102020 (State or other jurisdict ...
New York Times(NYT) - 2024 Q3 - Earnings Call Transcript
2024-11-04 15:02
The New York Times Company (NYSE:NYT) Q3 2024 Earnings Conference Call November 4, 2024 8:00 AM ET Company Participants Anthony DiClemente – SVP, IR Meredith Kopit Levien – President and CEO William Bardeen – EVP and CFO Conference Call Participants Benjamin Soff - Deutsche Bank Thomas Yeh - Morgan Stanley David Karnovsky - J.P. Morgan Chase Kannan Venkateshwar - Barclays Bank Vasily Karasyov - Cannonball Research Douglas Arthur - Huber Research Operator Good morning and welcome to The New York Times Compan ...
New York Times Co. (NYT) Q3 Earnings Surpass Estimates
ZACKS· 2024-11-04 14:20
New York Times Co. (NYT) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this newspaper publisher would post earnings of $0.40 per share when it actually produced earnings of $0.45, delivering a surprise of 12.50%.Over the last four quarters, ...
New York Times(NYT) - 2024 Q3 - Earnings Call Presentation
2024-11-04 12:39
Third Quarter 2024 Earnings Presentation November 4, 2024 Forward-Looking Statements Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Terms such as "aim," "anticipate," "believe," "confidence," "contemplate," "continue," "conviction," "could," "drive," "estimate," "expect," "forecast, ...
New York Times(NYT) - 2024 Q3 - Quarterly Results
2024-11-04 12:02
The New York Times Company Reports Third-Quarter 2024 Results NEW YORK, November 4, 2024 – The New York Times Company (NYSE: NYT) announced today thirdquarter 2024 results. Key Highlights • The Company added approximately 260,000 net digital-only subscribers compared with the end of the second quarter of 2024 bringing the total number of subscribers to 11.09 million. • Total digital-only average revenue per user ("ARPU") increased 1.8 percent year-over-year to $9.45 primarily as a result of subscribers tran ...