New York Times 'A'

The New York Times Company is in exclusive negotiations to acquire Letterboxd for roughly $330 million. Talks include arrangements for Letterboxd’s co‑founders to remain in charge while reporting to a Times executive, and the service would likely remain standalone in the foreseeable future. The deal would also involve integrating the Times Company’s ad tech and follows the publisher’s prior digital acquisitions. » More on theverge.com

At the Citi Global TMT Conference 2026, the New York Times described its completed digital transformation and is now focusing on user retention, pricing power and video formats as future revenue sources. The company has 13.3 million subscribers and is targeting 15 million by the end of 2027, while its digital advertising business remains resilient. Investments in journalism and video are driving short-term cost growth, but management expects revenue growth to outpace costs. The Times is also pursuing a disciplined AI and licensing strategy and is using first-party data and AI tools to improve targeting, personalization and user engagement. » More on de.investing.com

William Bardeen, executive vice president and CFO of The New York Times Company, will participate in a fireside chat on Sept. 9 at 9:30 a.m. ET at the Citi Global TMT Conference in New York. The discussion will be streamed live on investors.nytco.com and the recording will be made available for one year. The New York Times Company has more than 13 million subscribers to its print and digital products. » More on de.investing.com

Digital subscription revenue rose 16% and digital advertising grew 21% in Q2, driven by multi-product bundles, pricing actions and high engagement in news, games and sports. Management is scaling video production to thousands of original videos per quarter and launched new formats and a middle-market ad sales team to capture new audiences, though video currently contributes only a small share of ad revenue. Q3 digital subscription growth is guided to 12–15%; the company remains on track for 15 million subscribers and expects 2026 free cash flow to include a ~$60 million one-time tax benefit while returning at least 50% of FCF to shareholders. Adjusted operating costs exceeded guidance due to performance-based compensation and investment in sales staffing. » More on finance.yahoo.com

The board of directors of The New York Times has approved a quarterly dividend of $0.23 per common share for class A and class B stock, payable on July 23, 2026 to shareholders of record on July 8, 2026. It is the seventh consecutive dividend increase; dividend growth over the past twelve months was 28% and the current yield is 1.24%. The company has more than 13 million subscribers and a market capitalization of around $12 billion; the stock is rated by InvestingPro above its estimated fair value. » More on de.investing.com