Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>This is our first report on the New York Times Company.</li>
<li>In its latest earnings, despite the adverse implications of the ongoing shifts from the largest tech platforms and heightened market volatility facing the ad business, The Times has managed to drive business growth and penetrate a more extensive market with its indispensable and original news reporting and lifestyle products.</li>
<li>Highlighting the company's achievements, The New York Times added 880,000 net new digital subscribers in 2023, bringing the total to nearly 10.4 million and moving towards the goal of 15 million.</li>
</ul>


This is our first report on the New York Times Company.
In its latest earnings, despite the adverse implications of the ongoing shifts from the largest tech platforms and heightened market volatility facing the ad business, The Times has managed to drive business growth and penetrate a more extensive market with its indispensable and original news reporting and lifestyle products.
Highlighting the company's achievements, The New York Times added 880,000 net new digital subscribers in 2023, bringing the total to nearly 10.4 million and moving towards the goal of 15 million.


The New York Times Company: Initiation Of Coverage - Will The Rising ARPU Last?

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

The TPG Consortium (collectively TPG Group, Ontario Teacher’s Pension Plan Board [&amp; affiliates]) has <a href="http://www.asx.com.au/asxpdf/20170515/pdf/43j81hwvsxdhch.pdf" target="_blank">issued</a> a revised indicative proposal for 100% of <a href="https://www.smartkarma.com/entities/8996" target="_blank" data-smartkarma-citation="entities:8996:1">Fairfax Media Ltd (FXJ AU)</a> at A$1.20/share, less any dividends proposed or paid after 14 May 2017.The revised offer compares to the indicative <a href="http://www.asx.com.au/asxpdf/20170508/pdf/43j2zgsf5mgk1q.pdf" target="_blank">proposal</a> last week which involved paying cash for <a href="http://www.domain.com.au/group/" target="_blank">Domain</a> and FXJ's mastheads and leaving FXJ shareholders with regional newspapers, radio ops and other less-than-exciting businesses.  That clunky, inter-conditional proposal appears to have a faced a tepid reception from shareholders which TPG has swiftly (attempted) to remedy with a full cash offer.Below the fold, for subscribers, is a recap of the revised offer and comments on how it may be received.

The TPG Consortium (collectively TPG Group, Ontario Teacher’s Pension Plan Board [&amp; affiliates]) has issued a revised indicative proposal for 100% of Fairfax Media Ltd (FXJ AU) at A$1.20/share, less any dividends proposed or paid after 14 May 2017.The revised offer compares to the indicative proposal last week which involved paying cash for Domain and FXJ's mastheads and leaving FXJ shareholders with regional newspapers, radio ops and other less-than-exciting businesses.  That clunky, inter-conditional proposal appears to have a faced a tepid reception from shareholders which TPG has swiftly (attempted) to remedy with a full cash offer.Below the fold, for subscribers, is a recap of the revised offer and comments on how it may be received.

United States

The New York Times Company operates media businesses.  The Company publishes daily newspapers and operates Internet websites.  The newspapers and websites distribute news and entertainment.

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New York Times Co A (NYT US)

The New York Times Company: Initiation Of Coverage - Will The Rising ARPU Last?

This is our first report on the New York Times Company. In its latest earnings, despite the adverse implications of the ongoing shifts from the...

Baptista Research

Fairfax – New Offer for New Media

The TPG Consortium (collectively TPG Group, Ontario Teacher’s Pension Plan Board [& affiliates]) has issued a revised indicative proposal for...

David Blennerhassett

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