1、The New York Times Company 2016 Annual ReportTO OUR SHAREHOLDERS,Two thousand and sixteen was a year of great progress in The New York Times Companys continuing digital transformation.We enter 2017 firmly rooted as a subscription-first,consumer-focused global news provider,committed to delivering in
2、dependent journalism worth paying for,and innovative premium advertising experiences worth paying for.Ours is a distinctive vision and one that audiences and advertisers around the world responded to in 2016.We believe this past years unprecedented growth in digital subscriptions is a strong vindica
3、tion of our strategic direction.Six years after its launch,our digital pay model is the most successful digital pay model for news in the world.We now have more than three million print and digital subscriptions,far more than at any point in our history.This is a tribute in large measure to the sust
4、ained,exceptional quality of our journalism.Times journalism is in amazing form,and audiences have been flocking to our authoritative coverage of,and comment about,a momentous period in the politics of America and the world.From the American presidential election to Brexit to the terror attack in Ni
5、ce and the devastation of Hurricane Matthew in Haiti,our journalists reported from the ground in more than 150 countries last year,often at great personal risk.The year brought no shortage of honors for our journalism.The Times was awarded two Pulitzer Prizes,one for international reporting and the
6、other for breaking news photography.In addition,we had an amazing 10 Pulitzer finalists,the most in our history other than the period following 9/11.These included powerful examples of our visual journalism,including virtual reality and multimedia.We also received nine News&Documentary Emmy nominati