NY Times Banks On Strategic Plans, Ad Revenue A Concern
Zacks Investment Research | Sep 27, 2016 09:19PM ET
The New York Times Company (NYSE:NYT) is banking on diverse revenue streams, strategic initiatives and portfolio restructuring for growth. However, these signs of optimism are clouded by intense competition and sluggish advertising revenues, the primary causes of concerns for the company.
Hidden Catalysts
The New York Times Company has been building up diverse revenue streams, which include a pay-and-read model for NYTimes.com and the International New York Times to make it less susceptible to the economic conditions. Additionally, the company is adapting to the changing face of the multiplatform media universe, which currently includes mobile, social media networks and reader application products in its portfolio.
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