Does The New York Times Company have $24 million a year to spare? Apparently its executives—and more to the point, its Wall Street analysts and its Sulzberger trust fund kids—think it does. The company is reinstating its dividend, which it suspended for nearly five years while the company's business cratered. Now, there's been no resurgence in NYT fortunes, though the...
The New York Times Co. is resuming its quarterly dividend, four years after the publisher eliminated the payout during the financial crisis. The company said Thursday it is paying 4 cents per share on Oct. 24 to shareholders of record as of Oct. Show More Summary
To find out whether oil industry funding might have influenced a study, the New York Times went to someone who works for a think thank with numerous oil industry funders--including at least three of the companies who funded the study in question.
The payment of 4 cents a share in October will be the first dividend for the company since 2008.
We had a chance to do a serious hard-hat tour of the new Hyatt Times Square, the company's first new build in New York City in more than 30 years. Officially taking reservations for December 10th, the powers-that-be hope for a soft opening November 10th by having at least 300 rooms ready. Show More Summary
Volkswagen will sell electric cars in the US from 2015, the New York Times reports. The company aims to enter the US electric car market with a battery-powered version of its subcompact Golf model and would follow with more models if demand increases. The e-Golf — an electrified version of the company’s subcompact car — [...]
The New York Times Company and John Henry have agreed to October 15 as the closing date for the sale of The Boston Globe. Henry, the owner of the Boston Red Sox, had his $70 million bid for the Globe accepted by the Times in August. According to The Boston Business Journal’s sources, Henry is taking his new property quite seriously. Show More Summary
In case you missed the memo, Apple’s iOS 7 went live today, and many companies will be launching refreshed mobile apps to cater for the new OS. One of those... Keep reading ?
Jim Roberts, executive editor of Reuters Digital, is leaving the company after only seven months. Roberts joined Reuters after taking a buyout with The New York Times, where he had worked for 26 years. Roberts tweeted his departure, explaining “Yes, I’ll be leaving @ Reuters, though not right away. Show More Summary
The New York Times is reporting that Rdio is partnering with Cumulus Media — a company that owns, like, real radio station — to provide a free version of its audio streaming service. More »
Rdio has signed a deal with Cumulus Media, a U.S. radio station owner that runs about 525 radio stations. The New York Times says the deal will see the Rdio buying a big stake in Cumulus' parent company and thus gain access to the radio station's content so it can drive its own streaming media services. Show More Summary
The New York Times is reporting that Rdio is partnering with Cumulus Media—a company that owns, like, real radio station—to provide a free version of its audio streaming service. Read more...
Having a hard time making it in the internet radio space? Maybe you should take a feather from the cap of a firm that still rides the airwaves. That seems to be Rdio's approach -- according to the New York Times, the company is partnering...Show More Summary
Cambridge startup BitSight Technologies says its new product launched Tuesday will for the first time let companies know the security risks of their third-party software vendors on a real-time basis. The announcement follows the hours-long outage of the New York Times website on Aug. Show More Summary
Microsoft officially acquired Nokia's devices group to improve the overall Windows Phone platform. The New York Times, however, hears from sources that the company may have had another incentive: Nokia has been testing Android on Lumia devices. Show More Summary
Everyone who was screaming for Nokia to build an Android phone may have gotten their wish if the company hadn’t sold off its handset business to Microsoft earlier this month. Unnamed sources tell The New York Times that “a team within...Show More Summary
So how much are Twitter's privately held shares currently trading for? As high as $30 and as low as $16, insiders say. The New York Times noted that Twitter's own employees were taken by surprise at yesterday's news the company was going public. Show More Summary
At the Toronto International Film Festival, the Weinstein Company premiered 12.12.12, a concert film about the Hurricane Sandy relief concert. The New York Times hung out with Harvey Weinstein a little in the process, and boy did they catch a good, weird story involving Kristen Stewart, a half-million dollars, and a prince. "Mr. Weinstein described persuading... More »
Auto sales are booming in America. But … for how long? The New York Times reported earlier this week that automakers as a whole scored a 17% increase in sales for the month of August, moving 1.5 million pieces of metal for the month — and suggesting sales for the year could hit a post-financial […]
Andrew Harrer/Bloomberg via Getty ImagesThe Dow Jones news ticker in Times Square, New York City. NEW YORK -- Investment bank Goldman Sachs Group (GS), credit card company Visa (V), and footwear Nike (NKE) will join the blue chip Dow...Show More Summary