Thanks for signing up for DividendStocks.com! It's the daily newsletter built for dividend and income investors. Before we can begin sending your daily updates, there’s one quick step left. Please confirm your subscription using the link below so our emails reach your inbox. Click Here to Confirm Your Subscription to DividendStocks.com Here’s a small glimpse of what you’ll get access to: Dividend Stock Ideas — Each newsletter features dividend stocks with high yields, sustainable payouts, and strong growth potential. Ex-Dividend Stocks — Want to capture upcoming dividend payouts? Find out which stocks are going ex-dividend this week. Market News and Events — Stay in the loop on the latest developments impacting popular dividend names like AT&T, Exxon Mobil, IBM, Procter & Gamble, and Verizon. Bonus: As a thank-you for confirming, you’ll also receive a free PDF copy of Automatic Income, our popular guide to building wealth through dividend investing. Let’s get your dividend journey started! Discover Top Income-Generating Stocks Here See you in your inbox soon,
The DividendStocks.com Team P.S. Don’t miss out click here to verify your subscription and secure your daily dividend insights and your free investing guide!
Saturday's Featured Story
How Berkshire’s New York Times Bet Looks TodayReported by Leo Miller. First Published: 5/14/2026. 
Key Points
- New York Times is the latest addition to the Berkshire portfolio, showing up at the end of 2025.
- New York Times navigated the transition from print to digital media well, now having over 10 million digital subscribers.
- While there are many strong aspects to the New York Times' business, concerning signs exist as well.
- Special Report: Elon Musk: This Could Turn $100 into $100,000
At the end of 2025, Berkshire Hathaway (NYSE: BRK.B), formerly led by legendary investor Warren Buffett, made an interesting portfolio move. The company’s 13F filing revealed that it opened a new position during the quarter, investing $352 million. That stock was The New York Times (NYSE: NYT), a name many likely did not expect. Given that one of the world’s most renowned investment funds has taken a stake in the company, The New York Times is a stock worth examining. Overall, NYT has a lot going for it today, but it also carries notable risks worth considering. Understanding The New York Times’ Digital Transformation
When the SpaceX IPO launches, most retail investors will be locked out. The banks, funds, and insiders get in early - while everyone else waits on the sidelines.
But one small infrastructure supplier - a critical piece Musk can't scale the Colossus network without - is still trading well under institutional radar. A new briefing reveals the name and ticker at no cost. Get the SpaceX infrastructure stock name and ticker here
The New York Times' business needs little introduction; it is one of the longest-standing and most widely recognized news organizations in the world. However, it is worth understanding how the company has shifted its business in recent years. It is no secret that the traditional print newspaper industry is in structural decline. Notably, from 2021 to 2025, NYT’s print subscribers fell from 795,000 to 570,000. Even so, the company has been fairly successful in transitioning away from print and toward digital over the past several years. While print subscribers dropped 28% from 2021 to 2025, digital-only subscribers increased by 80%, from 6.783 million to 12.21 million. Today, digital channels are the dominant force behind NYT’s revenue. Digital subscriptions and digital advertising made up approximately two-thirds of the company’s total revenue over the last 12 months (LTM). Revenue from these streams was approximately $1.92 billion, compared with total revenue of nearly $2.9 billion. While declining, print still represents a significant source of sales. LTM print subscription and print advertising revenue were around $677 million, accounting for 23% of total sales. Other Services revenue made up just under 11% of LTM total sales. In this segment, the company licenses its intellectual property, engages in affiliate marketing, and uses excess printing capacity to support third-party distribution needs. Digital and Other Services have been notable growth drivers, helping offset the decline in print. Total Digital revenue rose 70% from 2021 to 2025, and Other Services revenue increased by around 43%. This helped total revenue rise 36% during that period. Since the end of 2021, NYT shares are up approximately 70%, modestly ahead of the S&P 500’s 64% return over the same period. Overall, these metrics show that NYT is far from a dead company, but rather one that is evolving with a changing world. The New York Times Wins in Q1NYT’s latest earnings report was strong. Quarterly sales increased by 12% year over year (YOY) to $712.2 million, comfortably ahead of estimates near $700 million. Notably, adjusted earnings per share (EPS) increased even faster, rising 49% YOY to 61 cents. That was well ahead of the 49-cent estimate, demonstrating significant operating leverage in the business. NYT’s adjusted operating profit (AOP) margin expanded by 200 basis points YOY to 16.6%. The firm also lowered its diluted share count by around 0.7% YOY and still has $291.2 million of buyback capacity remaining. NYT’s Q2 guidance points to continued growth and margin expansion ahead on a YOY basis. It expects total subscription revenue to rise by 9% to 11%, and total advertising revenue to increase by “low double digits.” Meanwhile, NYT projects that adjusted operating costs will rise by just 8% to 9%. The company noted, “We continue to expect 2026 to be another year of healthy growth in revenues and AOP, margin expansion, and strong free cash flow generation." The stock saw a meaningful 8% boost after its earnings report. Importantly, the firm’s growth is accelerating rather than tapering off. Its 12% growth last quarter was the highest since Q4 2022 and a sharp improvement from 7% growth in Q1 2025. Additionally, LTM free cash flow increased by a very healthy 28% YOY to $542 million. News Takes a Backseat: A Concerning IndicatorIn general, the metrics outlined above paint an encouraging picture for NYT. However, there is one key blemish on the firm’s recent history. While NYT is best known for news journalism, that is not where the company is growing. At the end of 2025, NYT’s news-only subscribers totaled just 1.47 million, down 24% YOY. Instead, bundled and other single-product subscriptions are driving growth. Other single products include The Athletic, Audio, Cooking, Games, and Wirecutter. Here, subscribers rose 24% YOY to 4.27 million. Bundled plans include subscriptions to two or more products and may or may not include a news subscription. Bundled subscriptions rose 19% YOY. Thus, interest in what many would consider NYT’s biggest strength — news — appears to be declining, while other products are winning customers. One reason for this may be the emergence of artificial intelligence (AI). Rather than searching for news on Google and then finding NYT, products like AI Overviews can give people information without requiring them to read an entire article. It is worth questioning whether AI advancements could erode the company’s other product lines over time. New York Times: Berkshire Plants Its Flag in the GroundThere are many strong metrics supporting NYT’s business, which Berkshire likely identified. However, declining interest in news coverage is a crack beneath the surface. In this context, there is significant uncertainty about the stock’s outlook. Taking a bullish stance requires conviction that interest in its non-news products remains strong over the long term, or that interest in news makes a comeback. Berkshire’s investment indicates a belief that one or both of these outcomes will unfold. That uncertainty is reflected in the wide range of analyst price targets for NYT. Targets updated after the company’s latest report range as high as $95 and as low as $66. The average of updated targets was around $83, modestly above the MarketBeat consensus target near $81. That updated average implies upside of less than 10%. |
