The New York Times: All The Black Ink That's Fit To Print – | Elegua: Who Is It? How To Take Care Of It, History And More
We continued to enable access to The Athletic to additional bundle subscribers in the third quarter, a process which began late in the second quarter. In the meantime, we're working closely together to position us well for the arrival of our next CFO, a search for whom is well underway. It topped Wall Street quarterly earnings estimates as more people signed up for its digital subscription bundles, offsetting a slowdown in ad sales and helping the newspaper unveil the $US250 million share buyback. And I want to acknowledge the announcement we made just before the year turned, that my friend, and long-time Times colleague, Roland, will retire midyear. Adjusted operating profit at The New York Times Group was approximately $79 million in the quarter, higher by approximately $13 million compared to the prior year, while The Athletic lost approximately $9. Who got it better than us. Moving to digital-only subscriber ARPU, which includes all of our digital products. Adjusted operating costs were slightly better than the guidance we provided in the second quarter as a result of lower cost of revenue, mainly in print production and distribution and subscriber servicing. And that's how we're thinking now, really asking ourselves, is there an opportunity to do that across the individual products for two reasons, to sort of compel people to take the bundle and also because tenured subscribers tend to be the ones who are getting the most value out of the product. And we continued to improve onboarding to the bundle to help new subscribers engage with multiple products. I think I think the moves we made and announced last February showed a bit of a shift in our philosophy, which we think was a positive step to be able to return capital to shareholders. Notably, we continued to see higher engagement among bundle subscribers, with 10% to 20% more bundle subscribers engaging each week than news-only subscribers. Meredith Kopit Levien - President and Chief Executive Officer.
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Editorial Review: Jul 2021. "Just as our company passed the stress-test of the pandemic with record profits, the initiatives now underway, including an expected 5 percent headcount reduction, or around 1, 250 positions this calendar year, will create a robust platform for future growth, " CEO Robert Thomson said in the earnings release. Less likely to happen nyt. And we feel really good about the progress we're making on the bundle. The earnings release published this morning reports revenues on both a GAAP and estimated 13-week basis. Our first question comes from David Karnovsky from JPMorgan. I think I can give a short answer, which is just the update on capital return reflects real confidence in our strategy. Thomas Yeh - Morgan Stanley.
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The things we do see as sort of increasing control over key levers, Roland mentioned churn, we've long said now, and we talked about this a lot last year, that churn was at a manageable level, we needed to keep it as such. The New York Times: All the black ink that's fit to print –. Roland Caputo: Thank you, Meredith, and good morning. Second, while we continue to invest thoughtfully in areas that widen our moat, including our newsroom, engineering and data teams, we've slowed headcount growth in most other areas across the company. There remains much uncertainty in the current environment, including macroeconomic pressure on advertising, shifting traffic patterns from the tech platform and a more varied news cycle but we've shown that we have a strategy and to manage through short-term challenges and emerge stronger. David, your second question, I think, was a cost — related to cost but got to margin expansion, I believe.
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Our third quarter results support our confidence in our strategy, and reinforce our conviction in the long-term opportunity for The New York Times Company. Can you talk a bit about maybe more on the offsetting impact on the subscription side, as you shift towards selling more on a higher ARPU bundle, whether or not there's an increased impact related to churn or growth acquisitions. Adjusted diluted earnings per share was $0. It's worth noting that we've modified the definition of adjusted diluted EPS to exclude the impact of amortization of acquired intangible assets to improve the comparability of earnings across periods. Do slightly better than net.org. New York City metro area residents were more likely to say New York Times is Center. And then I've got a follow up on net adds. Even as the subscriber base grows, we're kind of able to hold on broadly to a level of engagement that we think is important to the model and important to getting to our next mile marker on volume and important to everything we're doing from a bundle perspective. Net income fell 64% in the quarter ending December 31, to $US262 million from $US94 million. Conference Call Participants. We estimate that this resulted in approximately $60 million in lower cash flows this past year.
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The New York Times Editors' Comments on Bias. I'm happy to take the newsroom question, Roland. That's been aided by our efforts to help those subscribers discover and enjoy offerings from across our portfolio, such as highlighting games, like Spelling Bee in our news app. As Meredith noted, in the third quarter, the percentage of starts on the bundle doubled versus what we saw in the first quarter and we passed 1 million digital bundle subscribers.
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We expect to recapture the value of these deductions over the next 5 years. Our cash and marketable securities balance ended the quarter at approximately $486 million, an increase of approximately $17 million compared with the third quarter of 2022. We had two special items in the quarter: A $22. We're optimistic about The Athletic as a real driver of advertising. There's a bunch of stuff we don't control in overall audience. How we determined this rating: -. This was the first full quarter that The Athletic has been part of the bundle, and we began to more aggressively market it as such to prospects. As Meredith said, we're very pleased with the fourth quarter results we are reporting today. Overall, 49% of respondents rated New York Times as left of center, 30% rated it in the exact center, and 22% rated it as right of center. The headwinds that we envisioned when we shared our mid-term AOP target have materialized, largely as we expected. The stronger US dollar saw News' December quarter revenue fall 7% to $US2.
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This is the last time you'll hear formally in this setting from Harlan Toplitzky who has served ably as Head of Investor Relations for The Times for the last 6 years. We're proud of our results, which reflect the differential value of our expanded product portfolio, the multi-revenue stream nature of our model, strong unit economics and disciplined cost management. It has nearly 10 million subscribers and a goal of 15 million subscribers by 2027. At the end of December, Foxtel's total closing paid subscribers were more than 4. Comparisons are to the company's consolidated results for the fourth quarter of 2021 prior to the acquisition of The Athletic. But that's evolving towards a $20 million annual run rate. So we do see this as completely sustainable and kind of the approach that we'll take going forward. 25a Fund raising attractions at carnivals.
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17a Its northwest of 1. You have to be somewhat pleased with that. Thank you, Meredith. We're starting to see some nice operating leverage in the model, as you mentioned. We continue to believe that volume growth is our biggest driver of long-term shareholder value. Just as a quick follow-up, Meredith, when you acquired The Athletic, I think you guided to a loss of $50 plus million for 2022.
They also give us the confidence to announce a new midterm target for capital return, a new share repurchase authorization and our fifth consecutive annual increase to the quarterly dividend payment. I'll give you one more kind of technical detail. Does the advertising environment change your view on the ability to deliver on margin expansion expectations into next year? We now expect adjusted operating profit on a consolidated basis of between $320 million and $330 million dollars, even with the dilution from our acquisition of The Athletic. Leveraging the whole of our portfolio to drive the bundle is our priority over the coming quarters. But most of it happened this quarter.
In the fourth quarter, the company added 240, 000 net new digital-only subscribers and 240, 000 net new digital-only subscriptions, with, as Meredith noted, continued strong growth in adoption of our bundled products. Meredith Kopit Levien: That's a great question. As reflected in our forward-looking guidance, we expect continued macroeconomic headwinds to impact our ad business in the near term. Or is there some sustainability to kind of the strength of the funnel that you feel you can keep that contained going forward? 1 million in the same period of 2021 "as higher digital subscription revenues at The New York Times Group segment and the impact from six additional days in the quarter were more than offset by a one-time charge related to the Company's withdrawal from a multi-employer pension plan and operating losses at The Athletic (a sports skewing website) segment.
Understanding Elegua. Eleguá is the Orisha of the crossroads in parts of West Africa, Central Africa and the African diaspora in the Americas. Naturally, Elegua can also bless those whom he favors too. Some of them are: Eleggua Laroye (Eshu Laroye): He is a naughty, mocking, malicious, spoiled and revolutionary child.
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These representative accessories of a long journey were quickly attributed to the Owner of the Roads. Èsù Oro f'ohun tire sile. Winery: He serves as Eggun's guardian and companion. What does it mean to dream of elegua movie. The derivation of agongo is less easy to determine, but it seems to be from gongo, tip, extremity. Because he bears this club he has the title of Agongo ogo. He is the companion of Asojano and is received next to him. It's time for you to look out for yourself and not let yourself down.
The villagers on one side of the road had only been capable of seeing the black side, and the villagers on the other side had only been capable of seeing the red half. Another example of this can be found in the book "Eshu-Elegua dynamic balance of existence" where its author, Adrian de Sousa, states in the introduction: "I remember that when I was doing field work to complete these notes in the regions of Ile Ife, Oyo, Benin state and Ibadan In Nigeria, I approached an Ifa priest in search of information about Elegguá* and he told me that he did not know that divinity. He is not only the one who opens the door, but also the one who closes it, depending on how his followers treat him. What does it mean to dream of elegua song. Choose Baralayiki: Turbulent, rumbero, very gluttonous and drinker. Activating your inner divinity when you walk through the door is probably a good thing. He does not accept women.
What Does Elegua Mean
K'a ma sese are'le tunse. 12+ copies 50% Off ($4. These colors of red and black represent the duality of life and death, war and peace, health and sickness and so. He can be a powerful ally on the journey to spiritual growth and enlightenment.
He is a watchman or guardian who is very aware of the mistakes that the children or godchildren of Osha's house may make. Were we crazy to be following a stranger to an unknown destination? Bara Dage (Eshu Bara Dage): He is an Elegua who works with all kinds of snakes. Wara (Eshu Wara): He is known as the Elegua who is in charge of personal relationships. The Pilgrim's Bag, which is nothing more than the Güiro that hangs from it. What does elegua mean. Eshu has been appeased.
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Elegua, Eleggua also known as Eshu is an orisha, and one of the most known deities of the Yoruba and New World traditions. I pay tribute to Òrìsà. It can cause you to feel inspired, empowered, and enlightened. Essentially, as a deity that presides over all key parts of life and all journeys – both literal and metaphorical – Elegua is one of the most beloved and worshipped deities in the orisha faiths. He likes to smoke a hookah filled with aromatic herbs. Eleguá is everywhere in the Caribbean. Ekiley: He is a very wise and knowledgeable Elegua, a good fortune teller. I am a priest of Eshu and find this book priceless an an introduction to Eshu and to Orisha worship.
How to take care of it, history and more. Eleguá is his Caribbean Spanish name. He hails from the land of Oyó. They are left to cool and palm oil (corojo butter) is spread on one side and cocoa butter on the other. While many of the ceremonies are secretive, it became my good fortune that strangers are often welcomed to observe or participate.
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Eleggua: Ellegua is another name used among Lukumi for Eshu. Circumcision is ileyika, or ikola, the former of which means "the circular cutting" (ike, the act of cutting, and ikeya, a circuit), and the latter, "the cutting that saves" (ike, the act of cutting, and ola, that which saves). Yoruba and related traditions are oral traditions, so they vary slightly by place, community and even by family. To work, it is placed on the floor on the shell of a jicotea. In order to become a Santero (priest or holy one), a one year commitment is made to be symbolically born again into a new life. Names of Saint or Kari Osha for the children of this Orisha. It handles the odus of itá imale during the consecration of the new initiates in the religion. Ìbà òrìsà ìbà alàyé or, Tribute to Òrìsà. Thus, each deity is related to a specific Odu known as his "Odu isalayé. " There are those who wrongly view Eshu as a stand-in for the Devil. Some people and religions equate Elegua with another deity named Eshu – a trickster god. The dishes and offerings that are given to him are usually brought to the shore of a river or to the sea.
Elegua Allah Lu Banshé is loaded with many virtues, he was granted the Ashé de Oloddumare to compose or decompose things, therefore he must be attended and entertained in all ceremonies. He fulfills the function of being the gatekeeper of the doors that lead to the achievements of the objectives, therefore, entertaining him is essential to obtain his blessing in the projects that are undertaken. The number 3 is considered a number of Divine character. Your favorite adimú could be whole fish fried with corojo butter (usually sardines or snapper). Encourage unions by making people empathize with others. It consists of a "secret" rite known only to consecrated persons, where through the use of songs, certain elements, and the respective liturgy, the previously chosen stone loses its profane character and acquires sacred qualities.
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Òsun or gbodo pe t'Èsù or yes yes. He has power over all plans, and everything that he thinks to do. These attributions were born in Portugal in the seventeenth century during the peninsular wars and intensified during the struggles against the French. Births, deaths, marriages, and life transformations all fall under Elegua's supervisions. When leaving, they had several problems. He is also syncretized (blended) with Saint Anthony of Padua, the Portuguese saint on June 13, the Holy Child of Atocha, and Archangel Michael. In Santeria, is well understood that you want to be on Elegua's good side as he is the one to help things go smoothly or cause the mishaps that life can throw at a person. But, that is not the only sign where we can see him present, the truth is that his appearances within the Odu de Ifa treaty are quite common. Eleggua Alaguana (Eshu Alaguana): Manage and trade with the Egungún. Olonu Ota spoke with Awó Shaketa, a fortune-teller from the town and asked him for a powder to increase his sexual potency because he wanted to marry Olofin's daughter and erase the shame from the family. He is a powerful sorcerer who wanders all the roads in old and ragged clothes.
Legba – West Africa/Haitian. Ninona killed her husband, opening his belly; Osobi killed his wife, cutting off her head; and Elegua, with a cane, struck his wife on the back of his neck. His spells and amulets are all powerful and impossible to destroy.