New York Times plans buyback and dividend program, expecting slight decrease to increase in ad revenue.

From Nasdaq: 2025-02-05 07:52:26

The New York Times Co. expects a decrease in low-single-digits to increase in low-single-digits in first-quarter total advertising revenues. The Board of Directors approved a $350.0 million Class A share repurchase program and declared a $0.18 dividend per share on Class A and Class B common stock, up $0.05 from the previous quarter. The dividend will be payable on April 17 to shareholders of record as of April 1. In pre-market activity on the NYSE, The New York Times shares were trading at $57.19, up 2.33 percent.



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