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Posts Tagged ‘Mark Thompson’

NY Times Reports Increases in Ad Revenue and Circulation

NYtimes buildingThe New York Times Company announced its first quarter earnings this morning, and at least for the first three months of the year, things have been going well. The company reported that total revenue increased by 2.6 percent compared to last year, and both print and digital ad revenue were up.

Digital circulation is also up. The Times now has about 799,000 digital-only subscribers, which is pretty impressive. Some of this bump could be credited to NYT Now and Times Premier, the digital products the company launched earlier this month. While the Times wouldn’t comment on how many people are using either one, Mark Thompson, the Times’ CEO, cited NYT Now as “being embraced by the market.”

Despite the good news, everyone at the Times understands there are always rough waters ahead. ”We are certainly not claiming victory in advertising yet; we expect continued month-to-month volatility and recognize that we will face some significantly tougher year-on-year comparisons as the year goes on,” explained Thompson, in a statement.

Morning Media Newsfeed: AP Journalists Shot | Schultz’s Legal Woes | Blade Sues U.S. Gov’t

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AP Photographer Killed, Reporter Wounded in Afghanistan (The Associated Press)
An Afghan police commander opened fire Friday on two Associated Press journalists, killing Pulitzer Prize-winning photographer Anja Niedringhaus and wounding veteran correspondent Kathy Gannon — the first known case of a security insider attacking journalists in Afghanistan. FishbowlNY Niedringhaus and Gannon were covering the nation’s election when a policeman opened fire on their vehicle. Niedringhaus was killed instantly and Gannon was shot twice and later underwent surgery. Politico / Dylan Byers on Media Niedringhaus and Gannon were traveling in a convoy of election workers delivering ballots from the center of Khost city to the outskirts, in Tani district, protected by the Afghan National Army and Afghan police. As they were sitting in the car waiting for the convoy to move, a unit commander named Naqibullah walked up to the car, yelled “Allahu Akbar” — God is Great — and opened fire on them in the back seat with his AK-47. He then surrendered to the other police and was arrested. BBC News The attack came as Afghanistan intensified security ahead of presidential elections on Saturday, in response to threats of violence by the Taliban. The new president will succeed Hamid Karzai, who has been in power since the 2001 fall of the Taliban but is constitutionally barred from seeking a third consecutive term. The run-up to this historic election had already been the bloodiest, and fears of electoral fraud are pronounced. NYT Niedringhaus, a German citizen who was based in Geneva, first came to Afghanistan after joining the AP in 2002, and she quickly formed a partnership with Gannon. They were among a band of female photographers and correspondents who persevered through many years of conflict in Iraq as well as in Afghanistan. In the process, they helped redefine traditional notions of war reporting. Even as they covered the battlefield, they also focused attention on the human impact of conflicts known for their random, unpredictable violence against civilians.

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Arthur Sulzberger Jr. and Mark Thompson Talk Advertising and Family Legacy at the Times

arthur sulzberger

Arthur Sulzberger Jr., chairman of the The New York Times, surveyed a restaurant full of media elites yesterday and declared that his family would never sell the Times. The Ochs-Sulzberger clan has owned the newspaper since 1896 and has a trust mechanism in place to ensure that the publication can’t be sold unless every single family member agrees, according to Sulzberger.

“The family is united around its ownership and its responsibility to maintaining The New York Times and its journalism and its journalistic integrity,” he told interviewer and former Times media reporter Alex S. Jones at the Bryant Park Grill.

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Arthur Sulzberger and Mark Thompson Talk NY Times

NY Times Now Boasts 760,000 Digital Subscribers

The New York Times’ digital offerings continue to lure readers. The Times company announced that in 2013, revenue from digital only subscribers jumped 36 percent. In the fourth quarter alone, the Times added 33,000 digital subscribers for a total of 760,000. Imagine if the paper had started charging for digital access in the late 90s.

The increase in fans of the digital Times was fortunately enough to offset declines in ad sales. Print advertising dropped 1.6 percent during the fourth quarter of 2013, and digital advertising declined by 0.2 percent. Total revenue was essentially flat for the year.

Mark Thompson, CEO of the Times Company, was optimistic about the news. “Our 2013 results reflect progress in some of the fundamentals of our business,” he said.

New York Times Company CEO Plunks Down Seven Figures for ‘Dilapidated’ Four-Bedroom

Perhaps it’s time for Merriam-Webster’s One-Percenter Dictionary. Because as noted this afternoon on Twitter by Michael Calderone and HuffPost Media, this rarefied group’s definition of English-language words can be a little different than yours or ours.

TheCornwallThe Twitter discussion was sparked by an article by The Real Deal Web producer Mark Maurer. The item details the purchase by New York Times Company CEO Mark Thompson and his wife of a $3.4 million unit in Upper West Side cooperative The Cornwall:

Lynn Sullivan of Brown Harris Stevens represented the seller, while Jeffrey Silverstein of Douglas Elliman represented the buyer. The seller was John Ziegler, who lived there for about 35 years and wanted to scale down, Sullivan said.

“The seller didn’t want anyone to rip it apart, but this couple was interested in restoring it,” Sullivan told The Real Deal. “They said, ‘We can see the treasure in a dilapidated castle.’”

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NY Times to Pay Dividend for First Time in Five Years

NYTimesMark Thompson, president and CEO of The New York Times, has made some investors happy. In a statement, he said that the Times Company board decided “That the strength of the balance sheet justified the restoration of a dividend.” It’s the first dividend being paid out by the Times in five years. Starting in late October, shareholders will get four cents per share.

The dividend — which will be doled out a week before the Times announces its third quarter report — applies to Class A and B shares, and will cost the company about $24 million a year.

Despite this move, Thompson emphasized caution going forward. ”Given the expectation of continued volatility in advertising revenue and the fact that our growth strategy is at an early stage of development, we will maintain a prudent view of both the balance sheet and free cash flow,” he said.

New York Times Names Meredith Kopit Levien Exec VP of Advertising

Meredith Kopit Levien has been named the new executive VP of advertising for The New York Times. Levien comes to the Times from Forbes, where she most recently served as chief revenue officer. Kopit Levien has been with Forbes since 2010.

Mark Thompson, president and CEO of the Times, said Kopit Levien “Joins us with a proven track record as a highly skilled business executive known for success, creativity and innovation in all the arenas important to The Times, namely print, digital and live events.  She is also a motivational leader who will be charged with overseeing an already excellent sales team at a disruptive time for the industry.”

Kopit Levien begins August 5 and will report to Thompson.

Media Big Shots Discuss Future of Media

Here is some video of I Want Media’s annual “Future of Media” talk. Taking part in this year’s discussion were Mark ThompsonJonah Peretti, Henry Blodget, Cindy Jeffers and Roy Sekoff.

It’s an hour long, but hey, it’s not like you have to work or anything today.

Mark Thompson ‘Very Pleased’ With Efforts to Sell Boston Globe

The New York Times Company officially put The Boston Globe up for sale in late February, so naturally, everyone wants an update on the situation. Aside from a list of about 800 rumored buyers, there hasn’t been any word. However, Mark Thompson, the Times’ CEO, said things are going great.

The Globe reports that during an investor conference call, Thompson explained that he was “very pleased with the interest, and the progress, that’s been expressed so far.”

Okay, that’s about as vague as it gets. One nugget we did find though: Evercore Group, which is responsible for fetching bids for the Globe, has already conducted meetings with six different interested parties. Who were they? Know one knows! But apparently they were very pleasing. So please be pleased.

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