Company Of The Day: The New York Times
What?
The New York Times (NYSE:NYT) has confirmed it will acquire sports subscription site The Athletic for about $550 million in an all-cash deal that is likely to close over the first quarter.
Why?
- Up 6% So Far, What Lies Ahead For NY Times’ Stock Post Q2 Results?
- With A Slowdown in Advertising, What To Expect From NY Times’ Q1 Results?
- Up 47% Since Beginning of 2023, How Will NY Times’ Stock Trend After Q4 Earnings?
- Up 28% This Year, How Will NY Times’ Stock Trend Following Q3 Results?
- NY Times’ Stock To Likely See Little Movement Post Q2
- NY Times’ Stock To Likely Trade Lower Post Q1
The Athletic has seen a lot of traction with its subscription model, holding a total of 1.2 million paid subscribers as of December 2021. This could be valuable to New York Times, as it looks to expand its subscriber base to around 10 million print and digital subscribers by 2025.
So What?
Investors appear to like the deal. NYT stock was up by over 4.5% in Thursday’s trading.
See Our Complete Analysis For The New York Times
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| NYT Return | -1% | -1% | 260% |
| S&P 500 Return | -1% | -1% | 110% |
| Trefis MS Portfolio Return | -5% | -5% | 274% |
[1] Month-to-date and year-to-date as of 1/7/2022
[2] Cumulative total returns since the end of 2016