1、The New York TimesCompany2013 Annual Report To our fellowShareholderS,A sharp focus on the core brand of The New York Times.A commitment to increasing shareholder value.Investment for growth,with a tight rein on costs.2013 was a year of accomplishment for The New York Times Company,fueled by our com
2、mitment to operational and journalistic excellence and significant strides in our plan for long-term growth.In April,we announced a series of strategic initiatives,aimed at enabling us to grow revenue by leveraging The New York Times brand and the power and popularity of our exceptional journalism.I
3、ncluded among them is the next phase in our digital subscription/paid products strategy,international expansion and a renewed emphasis on both video production and brand extensions.We began to make progress on each of these fronts in 2013.We continue to be pleased with the growth of our digital subs
4、cription base.At the end of the year,the number of digital subscribers to The Times totaled approximately 760,000,an increase of 19%over 2012.These efforts,among others,contributed to a good year for shareholders,with strong share price performance and the reinstatement of a quarterly dividend.And i
5、n 2014 we intend to continue our emphasis on growing shareholder value.Of course,all of our efforts have at their core the unparalleled journalism of The New York Times.In 2013,The Times was awarded four Pulitzer Prizes,the highest honor in journalism.The recipients were:DavidBarstowandAlejandraXani
6、cvonBertrabforinvestigativereportingfortheirreportsonhow Wal-Mart used widespread bribery to dominate the market in Mexico,resulting in changes in company practices;JohnBranchforfeaturewritingforhisevocativenarrative,SnowFall,aboutskierskilledinanavalanche and the science that explains such disaster