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.
Whatever happened to that shady increase in site traffic from China.
Prolly fake news.
The fuckin’ irony is glorious. Wait till their journalists receive Pulitzer’s for uncovering Trumpster crimes.
I think they will all be drummed out in shame for making up stories before the Pulitzers can vote their favorite Trump Russia “journalist”.
LOL! Wait until they win the Pulitzer for covering up the Clinton crimes!
TC’s right – the NYT will get a Pulitzer for publishing fake news about Trump crimes:
“… Pulitzer introduced the techniques of yellow journalism to the newspapers he acquired in the 1880s. He became a leading national figure in the Democratic Party …”
NYT was failing until November 2016. Interesting since that time their fortunes have reversed. Coincides with Trump’s election. Trump effect!
Failing NYTimes even failed at failing.
Nice..
THAT WAS “RELATIVELY SOON”
as real as it gets
My NYTimes daily brief likes to bash Trump but they failed to bash him on his most dangerous tweet yesterday …where our clueless president said he’d probably declare Iran non-compliant …i.e, back out of the nuke deal. He is being advised to by Mark Dubowitz in this. Care for another war?
“All the news that fits the narrative.”
Ironic, no?
Well he did say he was going to bring back American jobs.
Naz distribution day looks just like June 9th
After the election I subscribed to NYT and WaPo for the first. Obviously I wasn’t alone.
Gotta keep that fake news coming, it’s not easy to stay deluded without a steady diet of it.