Why Shares of The New York Times Company Are Up 33% So Far This Year

Why Shares of The New York Times Company Are Up 33% So Far This Year

Shares of The New York Times Company (NYSE: NYT) have climbed 33% this year, according to data from S&P Global Market Intelligence, riding a broad-based comeback in the newspaper industry.

Demand for newspapers and other media has risen in the Trump era, providing a so-called "Trump bump" for newspaper stocks like the Times. As the chart below shows, the company's shares surged following its May earnings report for the first quarter -- the first full period after the election -- on strong subscriber growth:

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Source: Fool.com