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The NYT is very profitable.


They just released their earnings report.

https://www.cnbc.com/2024/11/04/new-york-times-nyt-q3-earnin...

> Total revenue of $640.2 million was in line with estimates of $640.8 million, as digital advertising thrived.

> Adjusted profit was 45 cents per share.

There are 164,540,000 shares outstanding.

That gives a profit of $74,043,000

They have 5900 employees for a profit per employee per quarter of $12,550

While yes, they are profitable this doesn't suggest that there is a lot of room between profit, pay raise per employee and net loss for the company.




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