Earnings Preview: New York Times

Apr.18.12 | About: New York (NYT)

New York Times (NYSE:NYT) is expected to report Q1 earnings on Thursday, April 19 with a conference call scheduled for 11:00 am ET.


Analysts are looking for EPS of 2c on revenue of $500.34M. The consensus range is 0c-3cc for EPS, and $498.9M-$502.3M for revenue, according to First Call. In February, the company forecast Q1 operating costs up in the low single digits, advertising revenue similar to 4Q11 and said its CEO search was in the early stages. The Wall Street Journal recently reported that New York Times Co. will stop publishing the twice-weekly San Francisco Bay Area Pages at the end of April. Additionally, the New York Post said the New York Times is again battling itself as publisher and interim-CEO Arthur Sulzberger Jr. has been criticized for his globe-trotting schedule, this time by a veteran reporter who e-mailed over 150 friends, accusing Sulzberger of captaining a "ghost ship." New York Times Media said that as of March 16, it had approximately 454,000 paid subscribers to its various digital subscription packages, e-readers and replica editions of The New York Times and the International Herald Tribune. Analysts and investors will listen for comments from the company on any updates to the CEO search as well as current advertising trends.