Anonymous ID: 06c06a Feb. 7, 2019, 5:45 p.m. No.5072758   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>2877 >>2887 >>2935

>>5072738

and in WTF news

 

New York Times shares climb to 13-year high

 

NEW YORK (Bloomberg) โ€” U.S. President Donald Trump has repeatedly described the New York Times as โ€œfailing,โ€ but its latest results tell a different story.

 

Online subscriptions accelerated for a fourth quarter, prompting New York Times Co. to set an ambitious new goal: hitting 10 million subscriptions by 2025. That helped send the shares to a 13-year high on Wednesday.

 

The company is now doing well enough that it plans to buy back its Manhattan office space for $250 million, ending a decade-old leaseback deal from when it was desperate to pay down debt. The Times also raised its dividend.

 

โ€œA strong quarter capped a strong year,โ€ Chief Executive Officer Mark Thompson said in a statement. โ€œAfter just three years, we are already three-quarters of the way to achieving our five-year goal of doubling digital revenue.โ€

 

While many newspapers have struggled to make up for print losses as readers move online, the Times has built a large digital subscription business. And Trump himself has had a hand in the success: Subscribers to the Times surged in the aftermath of his election.

 

The growth slowed in the first half of last year, but the gains have picked back up in recent quarters โ€” reflecting the publicโ€™s demand for news and the paperโ€™s marketing strategies.

 

Times shares rose as much as 12 percent to $30.07 on Wednesday, marking their biggest rally in a year. The stock is now trading at its highest level since September 2005.

 

http://the-japan-news.com/news/article/0005528929