The 'Failing New York Times' Crushed Earnings; Stock Hits 10 Year Highs Thanks to Trump

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Since election night, the stock price of the 'failing Ny Times' is up a little more than 75%. Their online subscriptions have been soaring and business is booming -- all thanks to President Trump. Palace intrigue is the culprit. For those of you that still believe the MSM is dying, I am here to tell you otherwise. The final redpill is knowing that Trump was elected to bailout the main stream media and convert democrats into deep state loving war mongers. The NYT reported earning this morning, beating estimates -- helped by a 63% jump in online subscriptions.

Reports Q2 (Jun) earnings of $0.18 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.14; revenues rose 9.3% year/year to $407.1 mln vs the $393.07 mln Capital IQ Consensus.   Paid digital-only subscriptions totaled approximately 2,333,000 at the end of the second quarter of 2017, a net increase of 114,000 subscriptions compared to the end of the first quarter of 2017 and a 63.4 percent increase compared to the end of the second quarter of 2016.   Second-quarter print advertising revenue decreased 10.5 percent, while digital advertising revenue increased 22.5 percent. Digital advertising revenue was $55.2 million, or 41.7 percent of total Company advertising revenues, compared with $45.0 million, or 34.3 percent, in the second quarter of 2016.   Guidance: Total subscription revenues in the third quarter of 2017 are expected to increase at a rate similar to that of the second quarter of 2017. Total advertising revenues in the third quarter of 2017 are expected to decrease in the mid- to high-single digits compared with the third quarter of 2016. Operating costs and adjusted operating costs are expected to increase in the mid-single digits in the third quarter of 2017 compared with the third quarter of 2016.

  This tweet likely added 10,000 subscriptions   By what I can see, the company is doing quite well and not 'failing' at all. As a matter of fact, their online business is thriving and quickly displacing traditional print. It's also worth noting, the stock price hasn't been this high since 2007. You cannot buy advertising like this   According to the Trump Twitter archive, Trump has tweeted about the NY Times at least 121 times.


Koba the Dread Pitchman Thu, 07/27/2017 - 17:13 Permalink

The New York Times, CNN, MSNBC, WOPO have not all lost credibility. The article clearly shows that more and more people want deep state propaganda and fake news. Otherwise, why would subscriptions be up rather than down? You may bray all you want to about the NYT only providing deep state propaganda and fake news but that doesn't change the fact that many, many people crave comforting lies rather than rude truth.

In reply to by Pitchman

847328_3527 barysenter Thu, 07/27/2017 - 20:55 Permalink

The New York Slime is almost as bad as NYC itself: 
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SOMEONE ELSE'S MONEY The $2 million restroom Did you see the $2 million dollar bathroom? That’s what New York City government spent to build a “comfort station” in a park. No park bathroom needs to cost $2 million. An entire six-bedroom house nearby was for sale for $539,000. Everything costs more when government builds it. “Government always pays above-average prices for below-average work,” says my friend who makes a living privatizing government activities.

  • Obamacare’s website was supposed to cost $464 million. It cost $834 million and still crashed.
  • Washington, D.C.’s Capitol Visitor Center rose in cost from $265 million to $621 million.
  • The Veterans Affairs medical center being built near Denver was projected to cost $590 million. Now they estimate $1.7 billion.

Government spends more because every decision is tied up in endless rules. Rigid specs. Affirmative action. Minority outreach. Wheelchair access. “The process is designed to prevent any human from using judgment, or adapting to unforeseen circumstances,” says Philip Howard of the government reform group Common Good, adding, “The idea of a commercial relationship, based on norms of reasonableness and reciprocity, is anathema.”

In reply to by barysenter

cheech_wizard oldguyonBMXbike (not verified) Thu, 07/27/2017 - 18:48 Permalink

Let me explain this to you in a manner you can understand. Every individual holds a certain set of beliefs.When that set of beliefs is threatened, people sharing a similar belief system will find like minded individuals to reinforce it.If you grew up with no other source of infomation than mainstream media, your internal wiring is very ingrained by now. Anything that challenges it, is viewed as taboo. History is full of examples of mass psychosis. The earth is flat. The sun revolves around the earth. Socialism will work if only we try the new and improved brand of socialism. Democrats and liberals and the mainstream media are the smartest people on the planet... Brown cows give chocolate milk.Standard Disclaimer: Dumping a few metric tons of LSD into the water supplies of some of our major cities might actually do some good. Because most people never think to challenge their own belief system regularly.  

In reply to by oldguyonBMXbike (not verified)

oldguyonBMXbike (not verified) cheech_wizard Thu, 07/27/2017 - 18:54 Permalink

The LSD would have a hard time overtaking the estrogen in the water supply. Besides, what does any of what you said have anything to do with Trump supporting the pedophiles at the NYT? Are you saying he is old and stupid and this somehow absolves him of supporting child raping demons?

In reply to by cheech_wizard

TeethVillage88s Thu, 07/27/2017 - 17:16 Permalink

'Thanks Zipperhead'... Clint Eastwood

Now, what the fuck do you think you are doing. You threw away all your journalist tools. You tried to steal my Car (Political, Elected, President). It seems you have some agenda to write Headlines to be 'Fake News' or to Promote "Your Propaganda", or to shift Citizens Passions to Childish Issue put out by none other than u.

- Sorry, I'll go back and read the attention getting, USAToday Styled, Bullet Charts, from your Scheme

MrBoompi Thu, 07/27/2017 - 17:51 Permalink

Most people might consider success or failure depends on making profits or turning losses.  Since these are not addressed in the article, I assume the author thinks profit/loss is a quaint concept not worth discussing anymore.  A strong stock price is all that's required.

Reaper Thu, 07/27/2017 - 21:20 Permalink

The NYT was lying and non-reporting, when I stopped buying it in 1961. The NYT is the intellect cheat sheet for its sycophants. Intellectually challenged need the NYT to think for them.