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News Breaks
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.
News For NYT From The Last 14 Days
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October 30, 2014
08:41 EDTNYTNew York Times sees sees Q4 circulation revenues to increase similar to Q3
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08:37 EDTNYTNew York Times reports Q3 circulation revenues increased 1.3%
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08:36 EDTNYTNew York Times reports Q3 adjusted EPS from cont. ops. (3c), consensus 0c
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October 28, 2014
09:05 EDTNYTNYT reports total average circulation up 12.4% for first six months of year
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October 27, 2014
08:15 EDTNYTNew York Times, Axel Springer invest EUR 3M in digitial content start-up Blendle
Blendle, which operates a digital kiosk selling individual articles from newspapers and magazines to internet users, announced that it has received EUR 3M in a Series A financing round from Axel Springer Digital Ventures and The New York Times Company (NYT) to help the company accelerate its international growth plans. Reference Link
October 22, 2014
11:32 EDTNYT300 NY Times employees request to review severance packages, NY Post says
More than 300 New York Times employees have requested to review their potential severance packages after the company tried to entice 100 newsroom staffers to accept buyouts, reports NY Post. Grant Glickson, the unit representative of the Newspaper Guild said, ďA lot of people were just securing their rights and checking it out." Reference Link

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