The New York Times - M&A Summary and Business Overview

PublishingCompany

The New York Times M&A Summary

The New York Times has acquired 8 companies, including 4 in the last 5 years. It has also divested 4 assets.

The New York Times’ largest acquisition to date was in 1993, when it acquired The Boston Globe for $1.1B. It’s largest disclosed sale occurred in 2012, when it sold About to IAC for $300M. The New York Times has acquired in 4 different US states. The Company’s most targeted sectors include digital media (63%) and media (13%).

The New York Times Business Overview

Where is The New York Times headquartered?

The New York Times is headquartered in New York, New York.

What is The New York Times’ revenue?

The New York Times disclosed revenue of 2,426M USD for 2023 and 2,308M USD for 2022.

How many employees does The New York Times have?

The New York Times has 5,900 employees.

What sector is The New York Times in?

The New York Times is a publishing company.

When was The New York Times founded?

The New York Times was founded in 1851.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity8
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

The New York Times

The New York Times Co.

620 Eighth Avenue,
New York, New York 10018
United States,
(212) 556-1234
www.nytco.com

The New York Times is a multinational media company. The Company's flagship news publication is the The New York Times newspaper, offered both in print and online. The New York Times was formed in 1851 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 4 2 - 2 - - 8
vol $1.5B $550M $2.1B
Sell (0.0/yr) # 4 - - - - - 4
vol $513M $513M
  12

Most Recent M&A

Company Date Value Type
Wordle 2022-01-31 - Add-on Acquisition
, United States
The Athletic Media Co. 2022-01-06 550M USD Add-on Acquisition
San Francisco, California · www.theathletic.com
Serial Productions 2020-07-22 - Add-on Acquisition
New York, New York · www.serialpodcast.org
Audm, Inc. 2020-03-23 - Add-on Acquisition
, United States · www.audm.com
The Wirecutter 2016-10-24 30M USD Add-on Acquisition
, United States · www.thewirecutter.com
HelloSociety LLC 2016-03-11 - Divestiture
Santa Monica, California · www.hellosociety.com
The Boston Globe 2013-08-03 70M USD Divestiture
Boston, Massachusetts · www.bostonglobe.com
About, Inc. 2012-08-27 300M USD Divestiture
New York, New York · www.about.com
The New York Times Regional Media Group 2012-01-06 143M USD Divestiture
Daytona Beach, Florida
About, Inc. 2005-02-18 410M USD Add-on Acquisition
New York, New York · www.about.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Digital Media 5 (63%) 440M (21%) 1 (25%) 300M (58%)
Publishing 1 (13%) 1.1B (53%) 2 (50%) 70M (14%)
Media 1 (13%) 550M (26%) 1 (25%) 143M (28%)
Marketing 1 (13%) - - -
Total 8 $2.1B 4 $513M

By Geo

State/Country Buy Value Sell Value
United States 8 2.1B 4 513M
  New York 2 410M 1 300M
  California 2 550M - -
  Massachusetts 1 1.1B 1 70M
  Florida - - 2 143M
Total 8 $2.1B 4 $513M

Top M&A Advisors

Financial Deals
Allen & Company
1
Legal Deals
Morgan Lewis
2
Davis Wright Tremaine
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $960M
< $100M 1 $30M
TOTAL $2.1B
Largest The Boston Globe
$1.1B (1993-06-11)
sell # Total
$100M to $1B 2 $443M
< $100M 1 $70M
TOTAL $513M
Largest About, Inc.
$300M (2012-08-27)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
1 (13%)
Divested to
Strategic(s)
75%
3 (75%)

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