Revising NYT Price To $12
We recently upgraded our price estimate for The New York Times Company from $9.64 to $12.01, based on the expected improvement in the company’s financial results stemming from increase in weekly price of its print subscription and growth in the number of digital subscribers. Furthermore, post the sale of New England media group that took place in the third quarter of fiscal year 2013 and completed at the end of Q4, the company has been able to rein in its sales, general and administrative (SG&A) expenses.

Vía Forbes Real Time