Inc. (NYSE: NYT) is the largest privately held media company in the world.
It is a member of the Thomson Reuters Group and the parent company of The New York Post, which has more than 2.3 billion daily readers.
It owns the Washington Post, the New York Daily News and the Los Angeles Times, among others.
The Times has more money than any other newspaper company in history, and its circulation is the fourth largest in the United States, trailing only The New Yorker, The Wall Street Journal and The Washington Post.
The company also has more subscribers than any newspaper in the nation.
The New York-based company has seen its stock value rise more than 10% since it started trading in May 2017, with the average daily increase over that time outpacing the Dow Jones Industrial Average by more than 20%.
That rise is largely attributed to its recent acquisition of the Post, a company that was valued at $7.6 billion.
The New Yorkers stock is currently trading at a premium to its peers.
The company has also been making moves to gain market share.
Last month, the company announced a $1 billion investment in The Washington Times, a move that led to a stock price surge and a $5 billion buyback of stock in the company, with a goal of creating a $100 billion media company.
The acquisition has boosted the company’s stock price, which now stands at more than $31 per share.
But investors are skeptical of the company and its ability to grow the company beyond the paper, especially in light of its poor financial health.
New York TimesCo.
has also faced criticism from investors, including former Times CEO James Meyer, who told CNBC in May that the company is “a great business that can be sold off at any time” and should be “rebuilt in a very different way.”
“If they really want to rebuild the newspaper and the news business in a way that is sustainable for shareholders and for the future, they should take a very hard look at themselves,” Meyer said at the time.
“I’m not saying they’re not trying, but I think it’s a long, long way off.”
New York-listed tech firm eVero has also criticized the Times for its poor business model, saying that it is “selling itself short” and is in “unable to sustain itself as a publishing company.”
The company has warned that it will seek to exit the stock market in the future.