Throughout the 1980 to 2010 NYT expanded aggressively through series of mergers and acquisitions a few prominent of which are 2002 investment in Discovery Times Channel, 1991 acquisition of International Herald Tribune, 1981 acquisition of New York Time Daily Cable TV, acquisition of Times Daily, Daily World, The Messenger, etc. in 1982, and many others. The Boston Globe was launched on 30 October 1995. More recently in 2006, it acquired Baseline Studio System and Calorie-Count.com.
In 2007, NYT formed a strategic alliance with Monster Worldwide for recruitment advertisements and acquired ConsumerSearch.com and UCompareHealthCare.com. Therefore, the company has undergone a series of changes within its businesses and strategy as it shifted its focus from the more print oriented media business to Internet based media as it started acquiring more of the .com companies with the advent of twenty-first century.
Business Overview NYT is a diversified media company that has operated in the Unites States of America. In 2009, the revenue of the company was $2.4 billion. Broadly, it has two operating segments – News Media and the About Group (Yahoo Finance, 2011).
The Media segment of the business has New York Times Media Group, Regional Media Groups, and New England Media Groups (Yahoo Finance, 2011; NYT, 2011). The New York Times Media Group comprises of the New York Times (a daily newspaper), International Herald Tribune (a daily newspaper), and NYTimes.com.
The other areas of business under the group are Digital Archives Distribution, New York Times Index, and New York Times News Service Division. The New York Times New Service transmits photographs and news articles for The Times, the Globe, and other newspaper publications. It also delivers content for Epsilen, LLC, etc which are websites that provide education solutions.
It also distributes content for social networking websites, mobile applications, digital platforms, and owns the Baseline StudioSystem, which is a website that provides database and research services to its subscribers (Yahoo Finance, 2011). The Regional Media Groups consists of 14 regional newspapers being printed and distributed under its wing (Yahoo Finance, 2011).
Get your 100% original paper on any topic done in as little as 3 hours Learn More It operates in the state of Alabama, California, Florida, Louisiana, North Carolina, and South Carolina. The New England Media Group operates the Boston Globe (a daily newspaper) and Boston.com (Yahoo Finance, 2011) and it has one newspaper under its wing i.e. the Herald Tribune (NYT, 2011). Figure 1 presents a more elaborate description of the business segments of NYT.
The About groups of the company operates other segments like the online business of the company that includes UCompareHealth.com, ConsumerSearch.com and CalorieCount.about.com, etc. other than these the company also holds stake in Canadian newsprint company, Metro Boston LLC that publishes daily newspaper, New England Sports Network, etc. (Yahoo Finance, 2011).
Figure 1: Business Segment of New York Times Company
The News Media Group Segment’s revenue is derived mostly from advertisements in newspapers and other online media (NYT, 2010). In 2010, the overall revenue of company was $2.39 billion (Yahoo Finance, 2011). The quarterly revenue fell by 2.9 percent in 2010 (Yahoo Finance, 2011).
There was a gross profit margin of $1.42 billion (Yahoo Finance, 2011). The profit margin of the company was 4.5 percent in 2010 and operating margin was 10.72 percent (Yahoo Finance, 2011). The source of revenue of the company has been dramatically diversified as compared to the 2005.
In 2005 the revenue earned was mostly from the print advertisements and circulation that comprised of 61 and 27 percent of the revenue respectively. However, that of digital advertisement was just 5 percent. In 2010, the share of print advertisement and circulation in revenue fell to 39 and 40 percent while that of digital advertisement increased to 14 percent (NYT, 2010).
There was an increase in digital revenue as a percentage of total revenue that increased from 12 percent in 2008 to 14 percent in 2009 to 16 percent in 2010 (NYT, 2010).
We will write a custom Research Paper on New York Times Company Overview specifically for you! Get your first paper with 15% OFF Learn More From the above overview, it is clear that the NYT belongs to the newspaper publishing services industry. the performance of NYT as compared to the industry is it ranks 71 in the industry (Yahoo Finance, 2011). The main competitors of NYT are Gannett Co. Inc. (GCI), News Corp. (NWS), and Washington Post Company (WPO).
As compared to its competitors, the revenue earned by NYT in 2010 is much less than that of GCI that is at $5.44 billion, NWS at $33.08 billion and WPO at $4.9 billion (Yahoo Finance, 2011). The number of employees working with NYT is 3,222 (NYT, 2010), and that with NWS is 51,000 and WPO is 21,500 (Yahoo Finance, 2011). The net income of NYT therefore is much less than its competitors that were $107.69 million in 2010 (Yahoo Finance, 2011).
NYT is headquartered in Midtown Manhattan in New York City. The main strategies followed by the company are to diversify its revenue with increased focused on online and digital business segment. It also aims to increase and leverage the strength of the New York Times brand and increase profitability of the circulation revenue. Further, the company aims at increasing their performance on cost and strengthens the core business areas of the company. (NYT, 2011)
Figure 2 shows the performance of the NYT’s stocks in the financial market in 1986 through 2010. The stock prices increased throughout the 1990s. it peaked in 2004. Since 2005, there has been a fall in the prices of the stock. The figure clearly shows that the prices of the company stock increased significantly in May 2010 after which it fell considerably. The stock prices hit rock bottom in 2009 due to the recession.
Figure 2: Stock Prices of NYT, source Yahoo! Finance
The New York Times is one of the leading media companies of the US. Though compared to its competitors it lacks the scale and revenue of the giants, still it is competitive to them in terms of gross and operating margin. The company has not been performing too well due to its declining stock prices since 2005.
That is why in 2009 when the stock prices fell to the maximum limit, the company adopted a strategy to diversify and therefore concentrated more on the digital revenue than on print-based revenue. This strategy reaped some success as indicated through the increasing stock prices.
References NYT. (2011). About the Company. Web.
Not sure if you can write a paper on New York Times Company Overview by yourself? We can help you for only $16.05 $11/page Learn More NYT. (2010). Annual Report 2009. Web.
NYT. (2010, December 7). UBS 38th Annual Global Media and Communications Conference. Web.
Yahoo Finance. (2011, February 14). The New York Times Company (NYT). Web.
Death, Dying and Bereavement Essay
Nursing Assignment Help In most of the cases, poor health is usually associated with the aged people. People tend to isolate and discriminate against the aged. People tend to develop stereotypes about age.
There are policies and even institutional practices that tend to discriminate against the aged. In some cases, their ideas are even ignored on the basis that they could be old fashioned. At the workplace for instance, the elderly are perceived as being underperformers and lack the vigor that is needed to for effective performance. People have prejudices about the aged in terms of health and their ability to recover.
The aged are usually perceived as being susceptible to illnesses and in the event that the aged is having an illness as well as a young man, it is usually assumed that the young man’s situation is temporary, while the that of the aged might be perceived as being chronic. The situation is made worse when a medical practitioner is the one holding such opinions as he/she is likely to discriminate against the aged (Quadagno, 2011).
Doctors tend to ignore the elderly and may be reluctant to screen them for dreaded ailments like cancer on the basis that they are depressing or even crazy. This makes them susceptible to ailments that are preventable. They may be denied the appropriate treatment even after being diagnosed with the disease.
In some cases the doctors tend to believe that the elderly are not physically fit enough to withstand the treatment and the complications that come with it can easily lead to their death. The efforts of the medical practitioners are geared towards managing their diseases rather than preventing or curing the disease. It is generally believed that the process of aging comes with diseases and ailments as the body’s resistance slowly wares off and its immunity weakens.
There are various approaches and attitudes towards the issues of dying and death. One’s culture determines how a patient, a family or even the provider responds to the end-of-life decision making or treatment. Health practitioners are usually trained in professional cultures and handle the issue of death as per their training.
The issue of death is approached differently by different people. Different medical practitioners, social workers, social workers, chaplains and other professionals all have different assumptions concerning their perception on aging and death. This mostly comes from the differences in their training. All these assumptions may however differ from the patients and families experiences (Quadagno, 2011).
Get your 100% original paper on any topic done in as little as 3 hours Learn More Different communities have differences in ethnicity, religious beliefs, about aging and death, their beliefs and priorities concerning care, anatomy as well as communication. This makes the perceptions about aging to be a complex issue and cannot easily be categorized according to one’s ethnicity, class or profession.
A person’s culture is only relevant when interpreted in a given context for example the patient’s history, socioeconomic status or family constellations. It is not automatic that a patient’s ethnic or religious background will determine his/her perception about aging in a manner that is culturally specified. The current society is so pluralistic and healthcare workers as well as the patients have different perceptions about aging.
Race and ethnicity is not a straightforward determinant of a person’s perception of aging and death. There is a need to respect cultural pluralism on the matters concerning aging (Quadagno, 2011).
Reference List Quadagno, J. S. (2011). Aging and the life course: an introduction to social gerontology. New York:McGraw-Hill.