These are troubling days for journalism, says New York Times chief executive and former BBC director general Mark Thompson. Even the primacy of fact and well-sourced, objective reporting over delusion and propaganda is under assault. Transparency is the first task for those writing the algorithms, he argues. (Extract from Anti-Social Media: The Impact on journalism and Society, published today). A concert party of Russia and other repressive regimes, populists and extremists, assorted trolls and bots – not to mention the 45th President of the United States – are doing their best to convince the world of what George Orwell in Nineteen Eighty-Four called ‘blackwhite’: that dispassionate, accurate journalism is fake news, and conspiracy theories, gross exaggeration and outright lies the real thing.TimelineOctober 23, 2018MPs criticise Government over 'disappointing' response to 'fake news' inquiry interim reportOctober 19, 2018Facebook hires former … [Read more...] about New York Times boss Mark Thompson: ‘When it comes to news, Facebook still doesn’t get it’
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Nearly 8,000 words into its exhaustive investigation of the elaborate and allegedly illegal schemes by which Donald Trump’s father conserved his wealth and promoted the myth of his son as a self-made billionaire, the New York Times revealed the existence of a sham business the Trump family used to hide massive gifts from Fred Trump to his children, saving himself millions in federal taxes. The company was called All County Building Supply & Maintenance and it was created in 1992 for the purpose of providing inflated invoices to contractors for Fed Trump’s sprawling real estate holdings in Brooklyn and Queens. Story Continued Below “All County had no corporate offices,” the Times reporters wrote. “Its address was the Manhasset, N.Y., home of John Walter, a favorite nephew of Fred Trump’s. Mr. Walter, who died in January at the age of 83, spent decades working for Fred Trump, primarily helping computerize his payroll and billing systems. He also … [Read more...] about Did the Trump Family Historian Drop a Dime to the New York Times?
It is every media company’s primary goal to figure out a way to make money that isn’t reliant on ads. That’s why, over the last few years, numerous organizations have built out their various apps, services, and subscriptions. Lest we forget when, over a year ago, the New York Times put up a hard paywall on its Cooking website and app, which offered the newspaper’s years of recipe archives. Now, the company is going further with a new customizable cookbook. This new product allows anyone to build his or her own recipe book. People can choose seven chapters–ranging from “vegetable sides” to “sheet-pan wonders”–and then can choose eight recipes for each of those chapters. Once all the categories and dishes are chosen, the Times lets them write their own dedication page, and then, it’s off to the printing press. The newspaper says there are nearly 350,000 recipe-combination possibilities. This isn’t the … [Read more...] about The New York Times copies BuzzFeed with its new customizable cookbook
NEW YORK--(BUSINESS WIRE)--May 9, 2018--The New York Times Company (NYSE:NYT) announced today that it will participate in the 46th Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on Wednesday, May 16. The company’s presentation is scheduled for 8:40 a.m. E.T.A link to the live webcast of the presentation will be available via the company’s website at http://investors.nytco.com/investors/events-and-presentations, and an archive of the webcast will be available for 90 days.About The New York Times CompanyThe New York Times Company is a global media organization dedicated to enhancing society by creating, collecting and distributing high-quality news and information. The Company includes The New York Times, NYTimes.com and related properties. It is known globally for excellence in its journalism, and innovation in its print and digital storytelling and its business model. Follow news about the company at @NYTimesPR.This press release can be … [Read more...] about The New York Times Company to Webcast its Presentation at the 46th Annual J.P. Morgan Global Technology, Media and Communications Conference
NEW YORK--(BUSINESS WIRE)--May 3, 2018--The New York Times Company (NYSE: NYT) announced today first-quarter 2018 diluted earnings per share from continuing operations of $.13 compared with $.08 earnings per share in the same period of 2017. Adjusted diluted earnings per share from continuing operations (defined below) was $.17 in the first quarter of 2018 compared with $.10 in the first quarter of 2017.Operating profit rose to $34.1 million in the first quarter of 2018 from $27.8 million in the same period of 2017, principally driven by strong digital subscription revenues, which were partially offset by higher operating costs and lower print advertising revenues. Adjusted operating profit (defined below) increased to $55.5 million in the first quarter of 2018 compared with $50.2 million in the first quarter of 2017.Mark Thompson, president and chief executive officer, The New York Times Company, said, “In the first quarter, we saw increases in revenue and overall profitability … [Read more...] about The New York Times Company Reports 2018 First-Quarter Results