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Posts Tagged ‘The New York Times Co.’

Most Popular FishbowlNY for the Week

Here’s a look at what FishbowlNY stories made the most buzz this week.

  1. Time Goes All in with Breastfeeding Cover, May 10
  2. Viacom Yanks Never Before Seen Chappelle’s Show Beastie Boys Performance from YouTube, May 7
  3. New York Post Columnist Phil Mushnick Draws Criticism for Using N-Word, May 7
  4. The New York Times Company Makes Corporate Cuts, Including Veteran George Freeman, May 4
  5. Hot 97′s Summer Jam 2012 Lineup Announced, May 4
  6. The Atlantic Promotes Three Top Editors, May 7

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New York Times Company CEO Janet Robinson Stepping Down

Breaking: The New York Times CEO and president Janet Robinson is stepping down from her post at the end of the month. The Times reports Robinson will be replaced on an interim basis by publisher Arthur Sulzberger Jr.

“It is with mixed emotions that I write to let you know that I am retiring from the New York Times Company,” Robinson told staffers in an email, The New York Times reports.  

Sulzberger will serve as chief executive, while Robinson, 61, will stay on with the Times as a paid consultant for one year.

The company said that it would begin an internal and external search to find a new chief executive.

Robinson joined The New York Times Company in 1983, becoming CEO in 2004.

Along with The New York Times, the company owns The Boston Globe and The International Herald Tribune.

Investor Group Plans Offer To Buy The Boston Globe From The New York Times Co.

According to Boston Globe columnist Robert Gavin, a team of investors and management specialists are prepared to make a bid to purchase The Globe from The New York Times Co.  Yesterday Wellesley, MA entrepreneur Aaron Kushner announced that his group, the 2100 Trust, will soon propose an offer to acquire The Boston Globe, Boston.com, and Worcester Telegram & Gazette — all properties of The Times Co.’s New England Media Group.

The Times Co. bought The Boston Globe in 1993 for $1.1 billion.  Following a year scouting for potential buyers, the company pulled the paper off the market after receiving bids of roughly $35 million.  After hearing that low-ball offer, many would be led to believe The Boston Globe has been a bad investment, however a statement released by The Times Co. spokeswoman Abbe Serphos may cause you to think otherwise:

“We do not comment on rumors of acquisitions or divestitures. The Boston Globe is an important part of The New York Times Company. The Globe has made excellent progress and is on solid financial footing. Its continued digital and print progress signals a strong future.”

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Mediabistro Reports On Jobs|The City’s Dirtiest Media Cafeterias|Boston Globe Publisher Gets $1.4M|Playboy Replaces Photo Editor|Times Seeks Private School Reporter|The Magazine Revolution Is Near

MediaJobsDaily: Mediabistro.com’s first ever jobs report finds that there are more companies hiring for fewer positions on the site’s job boards in 2009.

DailyFinance: What are the dirtiest media cafeterias in New York? Reuters, MSNBC and Hearst have racked up the most points for city health department violations, according to this quick survey.

Boston Business Journal: Former Boston Globe publisher P. Steven Ainsley stands to earn $1.4 million as part of his separation from The New York Times Co. at the end of last year.

Chicago Business: Playboy has named a new photo editor, replacing 40-year veteran Gary Cole.

Gawker: The New York Times is seeking a reporter to cover the private school beat.

Folio: The revolution in magazines will come this summer.

Guild Negotiations With Times Co. Over News Service Collapse

nyt logo.jpgThe union representing New York Times staffers was hoping to convince the paper’s parent company to not relocate its Times News Service from New York to Florida. But as Keith Kelly reports today, negotiations between the newspaper publisher and the guild have collapsed.

The New York Times Co. said in November that it planned to lay off 25 people as part of its plan to move its news service, which edits Times stories for the wire, to the Florida paper it owns, The Gainesville Sun. The staff at the Sun are unionized and their salaries are cheaper, the Times reported, making it cheaper to run the service out of their offices.

But as the guild fought over seniority of those Times-ers facing layoffs earlier this month, the union also mentioned that it was in talks with the company to keep the news service in New York. The guild said it had offered the paper a plan that would save nearly $900,000 a year and 28 guild jobs.

But as Kelly said in his column today, “Last-minute talks between the Newspaper Guild and the New York Times Co….have apparently collapsed.” The Times Co. gave the guild a chance to accept its “best offer,” Kelly said.

“The hardball tactics being used by management, which had been seeking a wage reduction to just over $50,000 annually, caused this to be unworkable,” guild president William O’Meara told Kelly.

Clock stopsNew York Post

Previously: After Arbitrator’s Ruling, Layoffs To Come To Times Later This Week

New York Times Co., Gannett Get Holiday Love From Wall Street

nytco.pngStocks for The New York Times Co. (NYT) and Gannett Co. Inc. (GCI) rose this morning after a Wells Fargo analyst raised his ratings for the media companies’ stock.

In a holiday gift to the newspaper publishers, analyst John Janedis told investors that the stocks were hot because the ad market for papers seems to be “improving more quickly than we previously anticipated,” Reuters reported. This is great news for the Times Co. and Gannett, which publishes USA Today, but is it true?

The problem, says Reuters media reporter Robert MacMillan, is that publishers like the Times Co. and Gannett have managed to improve their bottom line more with cost-cutting than increased ad revenues. They still struggle to make money from a dying print product while not really being able to capitalize on their online market. “The newspaper stock recovery, as a result, is one that will benefit investors in the short term and does not necessarily indicate confidence in publishers’ long-term futures,” MacMillan concluded.

So now here’s something newspaper publishers can request for Christmas: a plan that will save them in the long term.

Gannett, NY Times rise on analyst holiday gift –Reuters

Previously: New York Times Co. Reports Ad Revenue Down, Circ Revenue Up In Q3

FishbowlNY’s 2009 Lists: New York Media’s Biggest Business Decisions

4 times square.jpgNew York is home to some of the biggest media companies in the country, like Condé Nast, The New York Times Co., News Corp., Hearst and Time Warner, just to name a few.

This year, those companies were imperiled, struggling to survive like many other companies around the world. But as print media disputed declarations that its days were numbered, these once-great companies that made their money from print pubs were fighting hard to keep their heads above water. In order to do that they made some decisions — like bringing in new investors, closing publications and selling them off. It was in no way a big year for media deals, but there were a few. Below, our list of the biggest business stories to come out of the New York media world this year.

Bloomberg LP Buys BusinessWeek

After seeking a buyer for BusinessWeek for most of the fall, publisher McGraw-Hill finally cut a deal with Bloomberg LP, which snapped up the magazine in October. The result? Bloomberg BusinessWeek, a new vision of the mag that has a new editor and a smaller staff.

After the jump, Carlos Slim invests in the Times, classical music and the Comcast-NBCU deal.

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Despite Naysayers, The New York Times Lives On

nyt2322.jpgThough it might be limping from staff cuts, proposed pay walls and taking papers like The Boston Globe off the market, somehow The New York Times Co. has managed to survive despite many media watchers’ low expectations this year, according to Slate.com’s “Big Money” blog. Both The Atlantic and the blog 24/7 Wall Street predicted that the Times would fold in 2009, and now with only a month left, it looks like the paper’s got a reprieve for a little while longer.

Not only that, but there might even be some silver lining: revenues and profits have gone up for the company’s Internet division, although once Arthur Sulzberger Jr. decides to go all Rupert Murdoch on his free content, who knows if that will remain the case.

And there is more good news. Times Co. CEO Janet Robinson said today at the UBS Global Media and Communications Conference that although ad revenues are down, the pace of their decline has waned for the first time this year. Robinson said the company expects print ad revenues to drop 25 percent in the fourth quarter of 2009, while online ad revenues should increase by 10 percent.

Read More: Prediction: The New York Times Will Survive 2009 –Big Money

End TimesThe Atlantic

Previously: Times‘ Keller: Within Weeks Of Decision On Pay Wall, New York Times Staff Cuts May Come As Early As Next Week

NYMag.com Launches Video Distribution|NYTCo. Takes Worcester Paper Off The Market|Bloomberg Seeks More Acquisitions|New York Magazine’s Adam Moss|Stephanie Smith Leaves WWD For P6

WebNewser: NYMag.com announced today that it plans to use Blinkx, Metacafe, Sling Media, YouTube and 1Cast to expand distribution of its original videos, with the partner sites selling advertising against the fare for a revenue share.

New York Times: The New York Times Co. has decided not to sell Massachusetts paper The Worcester Telegram & Gazette.

Financial Times: Bloomberg LP is planning to “aggressively” seek out new acquisitions following its recent purchase of BusinessWeek.

Washington Post: Howard Kurtz profiles New York magazine editor Adam Moss.

Gawker: WWD‘s Stephanie Smith is leaving the media beat to fill Corynne Steindler‘s spot at Page Six.

Boston Globe Union Petition Seeks To Oust President

boston-globe-logo.jpgOne month after officially filing charges against its president, Dan Totten, The Boston Globe‘s biggest union, the Boston Newspaper Guild, has turned in a petition signed by nearly 150 members seeking to oust Totten. The union prez is set to appear before a union trial next week to face charges of misappropriating union funds, The Boston Herald reported.

24 percent of the union membership reportedly signed the petition, but only 20 percent is required for a recall election.

Totten led the guild through contentious negotiations with the Globe‘s owners, The New York Times Co., earlier this year. But although the union membership initially voted to reject the Times Co.’s proposed cuts, resulting in a 23 percent unilateral pay cut for all its members, the guild eventually approved a second offer, which seemed very similar to the first.

Totten first ran into trouble with the union in September, when the petition to remove him from office first started circulating around the Globe. Although the Globe is no longer in danger of being sold off by the Times Co., now its biggest union faces uncertainty about its leadership as we head towards the New Year.

Globe petition seeks to remove Guild PresidentBoston Herald

Earlier: Boston Globe‘s Largest Union’s Members Seek To Remove Union Leadership

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