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New York Times (NYT): Burning Another $50 Million On Business Closure

2008-12-03 09:36:00 by Henry Blodget in Silicon Alley Insider
 
...Times (NYT) is running on fumes . And one of the challenges the company faces in trying to avoid bankruptcy is that shutting-down money-losing operations actually costs money For example, shutting down some New York distribution operations, which the NYT announced it would do in early September, will cost about $50 million (disclosed in an 8K...
 
Tags: million, york times, million checks, york times media, company plans, nyt, million due, company, costs
 
 
 
 
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Reducing Our Offer For The New York Times (NYT)

2008-11-20 12:52:00 by Henry Blodget in Silicon Alley Insider
 
...Times Company (NYT We offered a massive price--$1 billion--and proposed an innovative deal structure that would avoid the need for annoying shareholder approvals, jillion-dollar legal fees, egregious tax hits, etc. (In short, the NYT would acquire us, and then spin us and NYT Digital out--see details below). We explained how we would run the...
 
Tags: york times, digital, york times digital, york times division, nyt, shareholders, york times shareholders, york times company, nyt digital
 
 
 
 
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Times Reader coming to the Mac

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2008-05-13 07:00:00 by Scott McNulty in The Unofficial Apple Weblog (TUAW)
...Times . The Times has really embraced the new realities that the digital age has foisted upon the newspaper business by trying a number of new things (running a great website included Sadly, it seemed that the Gray Lady was ignoring Mac users when it first released the Times Reader . The Times Reader, for those who don't know, is a dedicated...
 
Tags: times, york times fans, york times, york times subscribers, times reader beta, times reader, mac, beta, mac version supports
 
 
 
 
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Announcing Our Offer For The New York Times Company

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2008-07-25 14:55:00 by Henry Blodget in Silicon Alley Insider
...Times Company (NYT) has an enterprise value of about $2.85 billion. As BusinessWeek's Jay Yarow notes , after you back out all the non-core stuff, that means that the New York Times itself--the paper and the digital assets--is valued at about $750 million. That's less than half of what CBS just paid for CNET So we have an offer for the New...
 
Tags: york times, york times company, york times content, york times division, york times digital, digital, digital assets, york times stock, web site
 
 
 
 
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NY Times Digital Head Schiller Bails For NPR CEO Job

2008-11-11 12:24:00 by Nicholas Carlson in Silicon Alley Insider
 
...Times (NYT) digital head Vivian Schiller will leave the Times Dec. 1 and join National Public Radio as CEO. At NYTimes.com, Vivian led business development, marketing, tech, classifieds, and product development Vivian came to the Times from the Discovery Times Channel, a failed joint venture between the New York Times and the Discovery...
 
Tags: times, discovery times channel, york times company, schiller, york times, npr, vivian schiller, vivian, senior vice president
 
 
 
 
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New York Times (NYT): September Awful, We Could Default On Debt

2008-10-23 10:53:00 by Henry Blodget in Silicon Alley Insider
 
...Times Running On Fumes September highlights Revenue down 8 Ad revenue down gut-wrenching 13 Circulation revenue + 3% (price increase Classifieds down a horrifying 28 One bright spot This fall actually not as bad as June, July, and August (-18 Online revs up 12%, driven by About.com (+11 Online ad revs up 14 Sadly, the online revenue growth...
 
Tags: times, media, england media, media industry, york times media, york times, york times company, online revenue growth, online revenue
 
 
 
 
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10 Reasons You Should Read the Social Times

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2008-05-12 19:28:55 by Nick O'Neill in All Facebook
...Times . If he had read it, he didnt realize that he was reading it. If youve been reading this site for a while, you probably have noticed that the volume of posts has decreased somewhat. In reality, Im posting the same but over at the Social Times . So if you havent added the Social Times to one of your regular sites, here are ten reasons...
 
Tags: times, social times, industry events, industry, events, news stories, people, industry leaders, news
 
 
 
 
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The New York Times (Tries) Getting More Social

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2008-06-18 18:09:08 by Paul Glazowski in Mashable!
...Times has introduced a new service called TimesPeople , according to Caroline McCarthy of CNET News . In effect, it is positioned to be a social networking service for the news junkie crowd. And by news junkie crowd I mean strict NYT devotees. Yes, something tells me it may not catch on as envisioned The way TimesPeople works is simple....
 
Tags: times, york times, timespeople, timespeople component, timespeople system, social, timespeople service, los angeles times, times story page
 
 
 
 
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Cash Crunch At New York Times (NYT): $400 Million Due In May

2008-11-08 06:50:00 by Henry Blodget in Silicon Alley Insider
 
...Times Company's 10Q (NYT) contains more details on the company's cash crunch Specifically, the company must deliver $400 million to lenders in May of 2009, six months from now. The company has only $46 million of cash on hand, and its operations will likely begin consuming this meager balance this quarter or next. The company has been shut...
 
Tags: york times, york times company, cash, lend nytco, nytco, commercial paper market, nytco understands, commercial paper, cash crunch