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Stock Market & Financial Investment News

News Breaks
May 15, 2014
06:14 EDTNYTDeparture of New York Times editor 'not a mutual decision,' FT reports
The abrupt departure of Jill Abramson, the executive editor of The New York Times, was "not a mutual decision," the Financial Times reports. Arthur Sulzberger Jr, the chairman and publisher, cited an "issue with management" in announcing Abramson's departure, and Abramson also reportedly clashed with new executive editor Dean Baquet. Reference Link
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July 11, 2014
11:02 EDTNYTNew York Times Q2 finished below guidance, says Jefferies
Jefferies earlier today said that based on its daily tracking of ad pages, New York Times finished below guidance in Q2 and its Q3 is off to a slow start. Citing weakness in several key categories, Jefferies lowered its Q2 and Q3 advertising estimates for New York Times to down 6.8% and down 5.1% from down 4.1% and down 3.1%. The firm kept a Hold rating on the stock with a $15 price target. Shares of New York Times are trading down 5%, or 67c, to $14.13 in morning trading.

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