The New York Times company says it's seeing a slowdown in advertising bookings that it's associating with 'uncertainty and anxiety' around the coronavirus.
The company said it has "begun to see see some economic impact" from the virus. The New York Times Company's CEO and President Mark Thompson plans to comment on the virus' impact Monday morning at the Morgan Stanley Technology, Media and Telecom Conference, the filing says.The filing also says that the company's subscription business is expected to continue growing, despite the adveritsing headwinds.
"Unlike many news publishers, our business is heavily skewed towards subscriptions rather than advertising," the filing says. "We've seen no adverse impact on subscription growth, or on the expected rise in subscription revenue, which remains strong and consistent with the guidance we gave in our most recent earnings call."
However, the company said it's seeing a slowdown in international and domestic advertising bookings which it is associating with the virus. The New York Times expects total advertising revenues to decline "in the mid-teens" in the current quarter, with digital ad revenues expected to decline 10%. The company said it doesn't intend to provide further updates on guidance until it releases first-quarter 2020 results in May.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Lady Gaga's New Boyfriend's Ex-Girlfriend Speaks Out in 'New York Times' Op-EdLady Gaga’s Boyfriend’s Ex-Girlfriend Speaks Out in ‘New York Times’ Op-Ed (via PopCrush)
Consulte Mais informação »
Coronavirus latest: Ecuador gets 1st case, New York gets approval to use own testNEW: New York State will begin using its own tests for coronavirus, after getting approval from the Food and Drug Administration, according to a statement from New York Gov. Andrew Cuomo.
Consulte Mais informação »
The Best Nail Looks From New York Fashion Week Fall 2020Another New York Fashion Week brings another wave of fall nail trends
Consulte Mais informação »
Second coronavirus death reported in the United States and first case confirmed in New YorkThe first novel coronavirus case in New York was reported on Sunday, according to state Gov. Andrew Cuomo. The patient is a woman in her late 30s, who contracted the virus while traveling abroad in Iran. She is currently isolated in her home.
Consulte Mais informação »
Weinstein stir crazy at New York hospital days after sex crimes conviction, spokesman saysHarvey Weinstein is sitting under guard in a cinderblock room at a New York City...
Consulte Mais informação »