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The New York Times Company

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The New York Times Company has outperformed the industry in the past six months. The company is diversifying its business, adding new revenue streams, strengthening its balance sheet and restructuring its portfolio. It had offloaded assets in order to re-focus on its core newspapers and pay more attention to its online activities. These helped the company to post fourth straight quarter of positive earnings surprise, when it reported second-quarter 2017 results. Total revenue also came ahead of the estimate. Both the top and bottom lines increased on a year-over-year basis. The quarter marked a spectacular increase in digital subscribers, rise in digital advertising and subscription revenues but a decline in print advertising revenue. Although, total advertising revenue rose marginally by 0.8% during the second quarter, the company hinted that it is likely to decline in the mid to high single digits in the third quarter.

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