secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEW YORK TIMES CO (NYT)
CIK:        0000071691
Form:       8-K
Filed at:   2022-01-07T23:59:59+00:00
Accession:  0001193125-22-004587
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYT to acquire The Athletic for $550M cash; closes Q1 2022
----------------------------------------------------------

- Purchase price of $550M all cash; The Athletic had 1.2M subscribers as of Dec 2021.
- Expected to close in Q1 2022; founders Alex Mather and Adam Hansmann remain as co-presidents.
- Deal immediately accretive to NYT revenue growth; dilutive to operating profit for ~3 years, then accretive.
- The Athletic will operate as a separate subsidiary reporting to NYT's David Perpich.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71691/000119312522004587/0001193125-22-004587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71691/000119312522004587/d269434d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-004587

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer