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And we feel really good about the progress we're making on the bundle. The incident has led some to accuse the New York Times of misinformation and fake news. We expect that positive ARPU trend to continue throughout 2023 as more subscribers transition to paying higher prices.

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Operator Instructions]. The New York Times public editor (ombudsman) Elizabeth Spayd wrote in 2016 that "Conservatives and even many moderates, see in The Times a blue-state worldview. 11 per share and $250 million share repurchase authorization, which is in addition to the nearly $40 million remaining under our existing authorization. Bias ReviewsWe use multiple methods to analyze sources. As Meredith noted, given the continued strength of our balance sheet and the confidence we have in the cash-generative nature of our business model, we're updating the midterm capital return target of 25% to 50% of free cash flow announced at our June Investor Day. Meredith Kopit Levien: Thanks, Harlan, and good morning, everyone. But we are also working through how best to exercise our pricing power on our individual products. 8 million subscriptions, well on our way to our next mile marker of 15 million subscribers by 2027. And there, we feel confident that we've got a good track record of adapting to whatever comes our way in terms of platforms and the ecosystem, but feel really good about subscriber engagement. Do slightly better than nt.com. 2 million in digital ad revenue, just a 0. In 2004, Daniel Okrent, the then-public editor of The New York Times, wrote an editorial in which he explained that when covering some social issues, such as abortion and same-sex marriage, the paper did in fact have a liberal bias. He died on Thursday evening. Digital advertising grew 5% as a result of higher direct-sold advertising at The New York Times Group and the addition of advertising revenue from The Athletic, which more than offset lower revenue from fewer programmatic advertising impressions at The New York Times Group. We rate the bias of content only.

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Thank you for attending today's presentation. Our actual results could differ materially due to a number of risks and uncertainties that are described in the company's 2021 10-K and subsequent SEC filings. That happened at the very end of last quarter. Better than i expected nyt. Digital subscriber revenue in the quarter grew in line with our expectations, driven mostly by the continued transition of early tenured subscribers to higher prices. Foxtel's household subscribers – the financial heart of Foxtel totalled 1.

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This means annual growth of The New York Times Group more than offset the losses at The Athletic. AEI Report Finds Slant in Coverage of Biden's Student Loan Forgiveness Plan. Disney job cuts were equal to around 3% of its global headcount. I would now like to turn the conference over to Harlan Toplitzky, Vice President of Investor Relations. It's slightly larger than all of New England combined NYT Crossword. The story was finally laid to rest when a medical examiner ruled in April that Sicknick died of natural causes and did not find any evidence of internal or external injuries. It's handy not having to tap dance around a strong US currency.

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Our effective tax rate for the fourth quarter was approximately 25% versus an expected marginal rate of 27%. And I guess the last thing I'd say is both the dividend increase and the new share purchase authorization at the levels we announced reflect the company's balanced approach to returning capital. Turning to the quarter, adjusted diluted earnings per share was $0. 16 for the full year. Do slightly better than nyt crossword clue. In Q4, we added 240, 000 net digital subscribers, roughly on par with the prior year, but as noted, with a much higher share going to the bundle. I think I can give a short answer, which is just the update on capital return reflects real confidence in our strategy. And maybe this is part of what was underlying Thomas' question as well. 52 billion from the year-earlier period.

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The New York Times was accused of spreading disinformation in early 2021 after its story about a Capitol police officer being beaten to death with fire extinguisher story turned out to be untrue, after spreading rapidly through the press following the Jan. 6 Capitol breach. Typically, we do have a slow summer, and we did, and we saw real pickup in August and further acceleration in in September. Moreover, these results demonstrate the proven nature of our model to grow profit even in a dynamic and challenging market. As with the third quarter, this was largely the result of two factors. In Australia, revenue fell 13%, impacted by negative foreign currency fluctuations. Our qualified pension plans ended the year 106% funded with an approximate $70 million surplus. Both overall and digital advertising revenues are expected to be lower by approximately 10% compared with the fourth quarter of 2021, which was our largest digital quarter ever, mainly due to macroeconomic conditions, on top of challenging comparisons to last year, especially in the technology category. The domestic ARPU result demonstrates the power of our long-term pricing strategy continuing to play out. On a constant currency basis, News Corp Australia saw revenue down 3%. There was no estimate on the cost cuts except a leaked story this week that $A20 million would be cut from News Corp Australia by 2025. The NY Times Crossword Puzzle is a classic US puzzle game. Conference Call Participants. 20a Jack Bauers wife on 24. I'll start by sharing a few highlights from the year.

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We now aim to return at least 50% of free cash flow to our shareholders, which will allow us to return more capital to shareholders while maintaining the strategic flexibility to continue to invest thoughtfully in the business. This concludes our question-and-answer session. While it will take time for the business to fully ramp up, demand is strong and we're off to a good start. For example, we added Wordle to the main feed of our core news app, and rolled out a Play tab in the app. Given our strategic clarity and ability to execute, we believe we are well positioned to support our future growth. I'll close by looking ahead to 2023 and beyond.

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This action was the primary driver of the increase in digital-only subscribers to The Athletic in the quarter. But Roland may have more to say about the kind of specifics on reporting. You've seen this quarter a good illustration of what we've been able to do on the cost side. Meredith Kopit Levien - President and Chief Executive Officer. We now expect adjusted operating profit on a consolidated basis of between $320 million and $330 million dollars, even with the dilution from our acquisition of The Athletic. However, when users were asked what the New York Times news bias rating should be, the average of the votes was actually Lean Left. Note this geographic data represents raw responses, not normalized averages). As reflected in our public reporting, we also surpassed the 2 million mark for combined digital-only bundle and multiproduct subscribers. We like what we're seeing, and we think the model itself is a strong one and a durable one. But the weak performance by News in the December quarter helps explain why the proposed re-merger of the company with Fox Corp, the other Murdoch family media group, was abandoned a couple of weeks ago. And if you wanted to, obviously, you could exhaust that in one quarter in pretty quick order. But the resilience of The Times' ad strategy and the attractiveness of The Athletic opportunity give us confidence in advertising as a longer-term growth driver. This is a key metric because the data tells us that those subscribers using two or more products not only pay more, but are more likely to retain than those using only one product. On a sequential basis, digital-only subscriber ARPU increased nearly 70 basis points compared to the prior quarter.

I'd say there are kind of two buckets. And we signed a multiyear commercial agreement with Google at the end of the year, which stretches across many facets of our business, including content distribution, marketing and product experimentation. 15a Author of the influential 1950 paper Computing Machinery and Intelligence. One, The Times has a pretty wide base of advertisers, but we get particular campaigns from those advertisers. Digital-only subscription revenue grew primarily as a result of the large number of subscribers whose introductory promotional subscriptions graduate to higher prices, the new subscriptions we've added in the past year and the inclusion of subscription revenue from Athletic standalone subscriptions. Other revenues increased approximately 9. Unless otherwise noted, this bias rating refers only to online news coverage, not TV, print, or radio about our bias rating methods. Adjusted revenues of $US514 million increased 3%. Thank you, Meredith. So we were happy about that. Community Feedback: ratings.

Follow New York Times Co (NYSE:NYT. And that gives us some greater sense of control, which you're getting at. For the six months ending to December 31, Revenue dropped to $US4. Sales and marketing costs decreased approximately 45%, largely due to lower media expenses. That looks like you're running well below that at this point. And with that, I'll turn it back to Meredith for some final thoughts. And one of the things we're really pleased to see in the early days with The Athletic, and I think we launched ads in September, Roland and Harlan are nodding. 219 billion and net income to shareholders slumped 76% to just $US107 million from $US431 million in the December, 2021 half.

We ended 2022 with 9. And as Meredith mentioned, the actual return on the cost side, we believe to be strategic and that will be durable. Or is there some sustainability to kind of the strength of the funnel that you feel you can keep that contained going forward? I'm not sure if you'd be willing to kind of say a few overall would expect to grow margin in 2023? And I'll just say there, we felt that a bit in the quarter.

There are more liberals/Democrats in New York City, and their perception of New York Times' bias is that it is Center, because its bias more closely matches their own beliefs. But most of it happened this quarter. They found that the headlines were usually neutral, but there was considerable bias in who was quoted, with Democratic officials, progressive advocates, and borrowers quoted significantly more than taxpayers or taxpayer advocates.