logo
Plus   Neg
Share
Email

New York Times Sees Q1 Subscription Revenues In Low To Mid-single Digits Growth

New York Times Co. (NYT) said that it expects total subscription revenues for the first quarter of 2019 to increase in the low to mid-single digits compared with the first quarter of 2018, with digital-only subscription revenue expected to increase in the mid-teens.

Total advertising revenues in the first quarter of 2019 are expected to decrease in the low to mid-single digits compared with the first quarter of 2018, with digital advertising revenue expected to increase in the mid-teens.

Other revenues in the first quarter of 2019 are expected to increase approximately 50 percent compared with the first quarter of 2018.

The company Board declared a $0.05 dividend per share on the Company's Class A and Class B common stock, an increase of $0.01 from the previous quarter. The dividend is payable on April 18, 2019, to shareholders of record as of the close of business on April 3, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
MillerCoors LLC has filed a lawsuit against Anheuser-Busch Companies LLC, part of Anheuser-Busch InBev, alleging that Anheuser-Busch's ad campaigns associating MillerCoors' products, Miller Lite and Coor Light, with corn syrup is "false and misleading." During the Super Bowl, ABInBev ran an advertising campaign that mocked Miller Lite and Coors Light use corn syrup in brewing. Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018.
Follow RTT