who-owns-the-new-york-times

Who Owns The New York Times?

The New York Times‘ major individual shareholder is the Sulzberger family, owning it for several generations. Indeed, A. G. Sulzberger owns a 1.3% of Class A stocks and 92% of Class B stocks. And Arthur Sulzberger Jr. owns 1.8% of Class A stocks and 92.2% of Class B stocks. The New York Times now runs primarily via a subscription-based model, where digital subscriptions contributed over $426 million in revenues in 2019, which made up over 23% of its total revenues.

New York Times Revenue Breakdown

newyorktimes-revenue.model
The New York Times primary revenue streams comprise Subscription (printed and digital), advertising and other revenues (like licensing, commercial printing, the leasing of floors in the
Company Headquarters, affiliate referrals, television and film) – Data Source: The New York Times Financials
newyorktimes-revenue-breakdown
Digital-only subscription revenues represented over 23% of the total revenues, as of 2019 – Data Source: The New York Times Financials

Top shareholders

new-york-times-top-shareholders

Class A vs. Class B stocks

To guarantee a certain degree of independence and control, media companies have been historically structuring themselves with two classes of shares: A and B.

Usually, Class A shares, give more voting power, while Class B shares give ownership but with limited voting power, compared to Class A shares.

However, in the case of The New York Times, as of 2020, Class A stockholders are entitled to elect 4 of the 12 directors, where Class B shares are entitled to vote 8 of the 12 directors.

the-new-york-times-business-model
The New York Times made over $1.6 billion in revenues in 2017. Its monetization strategies based on both subscription (both print and digital) and advertising (both print and digital). NY Times has successfully managed to shift its business model over subscription over the years. As of 2017, subscriptions contribute more than advertising to its revenue generation. The subscription revenues primarily based on print have also been slowing down, while digital subscriptions have increased substantially. The NY Times is shifting toward a digital subscription business model.
business-insider-business-model
Business Insider is among the most popular business information websites in the world. According to Alexa Business Insider is among the top 100 most popular sites in the US, and according to Similar Web that is the most popular business news site in the US. Its mission is to inform and inspire the audience, help its clients, and get better every day. 

Read Also: The New York Times Business Model, Business Insider Business Model, Subscription-Based Business Models, Paywalls

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Gennaro Cuofano

Gennaro is the creator of FourWeekMBA which target is to reach over two million business students, executives, and aspiring entrepreneurs in 2020 alone | He is also Head of Business Development for a high-tech startup, which he helped grow at double-digit rate | Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy | Visit The FourWeekMBA BizSchool | Or Get in touch with Gennaro here