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The New York Times Company (NYSE:NYT), a media giant with an $8.57 billion market capitalization, announced the results of its annual stockholders meeting held on April 30, 2025. According to InvestingPro data, the company maintains excellent financial health with a perfect Piotroski Score of 9, suggesting strong operational efficiency. The meeting saw shareholders vote on three key proposals, including the election of directors, ratification of auditors, and an advisory vote on executive compensation.
For the election of directors, Class A and Class B common stockholders voted separately to elect all of the management’s nominees. The voting results for Class A stockholders showed a majority in favor, with a notable number of withheld votes and broker non-votes. Class B stockholders unanimously voted in favor of the nominees with no withheld votes and minimal broker non-votes.
The selection of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified by both Class A and Class B common stockholders voting together. The proposal received overwhelming support with more than 142 million votes for the ratification, a little over 1.5 million against, and approximately 1.7 million abstentions.
In the advisory vote on executive compensation, Class B stockholders approved the compensation of the company’s named executive officers. The resolution passed with a significant majority, a small number of votes against, and no abstentions.
The filings, as reported to the Securities and Exchange Commission, reflect the shareholders’ support for the current management and auditors. This confidence appears well-placed, as InvestingPro analysis shows the company has maintained consistent dividend payments for 13 consecutive years and boasts a healthy 48.83% gross profit margin. The New York Times Company, headquartered at 620 Eighth Avenue, New York, continues to operate under the leadership elected by its shareholders. For deeper insights into NYT’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, covering this and 1,400+ other top US stocks.
In other recent news, The New York Times Company has been the focus of varied analyst opinions following its financial performance and strategic updates. Deutsche Bank (ETR:DBKGn) analysts have maintained their Buy rating on the company’s shares with a price target of $65.00, citing expected growth in digital subscribers and a revenue increase of 6.3% year-over-year. The New York Times has also announced enhancements to its shareholder return program, including an additional $350 million for share repurchases and a dividend increase to 18 cents per share starting in the first quarter of 2025. In contrast, Guggenheim has adjusted its outlook, lowering the price target to $52.00 while maintaining a Neutral rating. This revision comes after the company’s fourth-quarter earnings report, where revenues and adjusted operating income were close to projections but accompanied by higher operating costs. The New York Times reported a revenue of $727 million for the fourth quarter of 2024, slightly below Guggenheim’s estimate of $728 million. The company added 140,000 digital news product subscribers in the quarter, which was below Guggenheim’s expectation of 200,000. Despite these challenges, the digital-only Average Revenue Per User grew by 4.4% year-over-year.
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