Recent Updates — NYT
The New York Times Company announced that Jacqueline Welch will step down as Executive Vice President and Chief Human Resources Officer effective January 1, 2027. Ms. Welch is eligible for severance benefits under the Executive Severance Plan upon executing a release of claims and complying with restrictive covenants. She has also met age and service requirements for retirement under long-term performance awards granted under the 2020 Incentive Compensation Plan, entitling her to payments pursuant to those awards. The New York Times Company operates in the media industry, producing and distributing news content through digital and print platforms.
The New York Times Company reported second-quarter 2026 financial results on August 5, 2026. Total revenues increased 11.2 percent year-over-year to $762.5 million, driven by a 16.4 percent rise in digital-only subscription revenues to $407.9 million and a 20.7 percent increase in digital advertising revenues to $114.0 million. The company added approximately 280,000 net digital-only subscribers, bringing the total subscriber base to 13.35 million. Diluted earnings per share rose to $0.57 from $0.50 in the prior year period. Operating profit increased 10.8 percent to $118.0 million, while adjusted operating profit grew 16.1 percent to $155.3 million. The quarter included special items totaling $13.8 million, comprising $4.6 million in generative AI litigation costs and a $9.2 million charge for withdrawing from a multiemployer pension plan. The company operates in the media and publishing industry, providing news, information, and digital subscription services globally.