New York Times (NYT)
Bundles independent news with sports, games, cooking, audio and shopping guidance.
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Sells standalone and bundled subscriptions to News, The Athletic, Games, Cooking, Audio and Wirecutter, alongside print editions and advertising. One reportable segment combines distinct consumer products, while Ochs-Sulzberger family voting control is structured to preserve editorial independence.
Publishes core News alongside The Athletic, Audio, Cooking, Games and Wirecutter. Sells each through standalone or multiproduct subscriptions, with print circulation, advertising, affiliate referrals, licensing and other activities adding revenue.
Built its direct-reader model around metered digital access and recurring-use products, using sports, puzzles, recipes, podcasts and shopping guidance to broaden the subscription bundle. Operations and employees are concentrated primarily in the United States, while management reports the portfolio as one segment.
Depends chiefly on consumers continuing to pay for journalism and lifestyle products, supplemented by advertiser demand. Editorial credibility supports that model; Ochs-Sulzberger family Class B voting control is designed to protect journalistic independence, while generative-AI copyright litigation shapes current rights management.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 15, 2026 | Guggenheim | Upgrade | ||
| Sep 15, 2026 | UBS | Target | Target: $75 | Target: $82 |
| Sep 15, 2026 | New Street | Target | Target: $31.50 | Target: $82 |
| Aug 18, 2026 | UBS | Target | Target: $80 | Target: $75 |
| Aug 6, 2026 | Barclays | Reiterate | Rating: —Target: $66 | Target: $63 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $660.8M · Total debt $0 · Total assets $2.98B · Shareholders' equity $2.05B
- Revenue
- $762.5M
- Operating income
- $118.0M
- Net income
- $93.4M
HistoryDividendAnnual yield
| Institutions | ≈ 103.54% | 167.00M shares | |
|---|---|---|---|
| 658 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 9.81% | 15.82M shares | |
| 15 holders · as of Aug 13, 2026 | |||
| Adds to | 113.35% | ||
161.28M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 113.35%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.76% | 15.74M A | as of Jun 30, 2026 |
Berkshire Hathaway IncInstitution | 9.73% | 15.70M A | as of Jun 30, 2026 |
Warren E. BuffettInsider | 9.39% | 15.15M | filed May 15, 2026 |
Jackson Square Partners, LLCInstitution | 6.73% | 10.86M | filed Feb 11, 2022 |
AQR Capital Management LLCInstitution | 5.61% | 9.05M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Jacqueline M. Welch | officer: EVP and CHRO | −4,000 | $74.14 |
| May 12, 2026 | William Bardeen | officer: EVP, Chief Financial Officer | −4,121 | $77.85 |
| May 12, 2026 | Levien Meredith A. Kopit | director, officer: PRESIDENT & CEO | −9,750 | $78.00 |
| Mar 3, 2026 | Levien Meredith A. Kopit | director, officer: PRESIDENT & CEO | −51,949 | $79.70 |
| Mar 3, 2026 | William Bardeen | officer: EVP, Chief Financial Officer | −13,000 | $79.56 |
- News Corp Class A
Closest listed peer in paid journalism and digital advertising
- Warner Bros. Discovery
News, sports, and lifestyle media across CNN, B/R, and Food Network
- Fox Class A
Large-scale news and sports rival across digital media and advertising
- USA TODAY
National and local journalism peer in subscriptions and advertising
- People
Food and lifestyle publishing rival through People Inc.'s brand portfolio
- Spotify
Global audio platform competing for podcast listeners and advertisers
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| New York Times | $66.34 | −5.95% | $11.45B | 29.4 | 22.1 | 3.8 | +11.2% |
| News Corp Class A | $29.30 | −1.36% | $16.67B | 28.8 | 21.7 | 1.8 | +10.8% |
| Warner Bros. Discovery | $30.81 | +0.02% | $77.22B | — | — | 2.1 | −11.2% |
| Fox Class A | $65.06 | +0.42% | $28.41B | 16.9 | 10.9 | 1.7 | +28.1% |
| USA TODAY | $6.49 | +1.57% | $940.0M | — | 32.0 | 0.4 | −8.3% |
| People | $36.82 | +0.17% | $2.73B | 8.2 | 90.1 | 1.3 | −25.6% |
| Spotify | $509.30 | −1.44% | $106.24B | 32.7 | 31.8 | 5.1 | +10.5% |
| Median | 22.9 | 31.8 | 1.8 | +1.1% |