Is The New York Times Now a Gaming Company?
Apparently, the leading news outlet now thrives on interactive entertainment.
A few weeks back, a striking chart made waves.
It suggested that the top news organization, the New York Times, now identifies as a game company.
Angel investor Matthew Ball spotted this…
…in ValueAct’s analysis of Disney and shared it on X, where I found it.
Among the apps owned by the New York Times, its gaming app commands a huge chunk of user time.
Ball claims the New York Times “is now a gaming company on the basis of customer time spent.”
The NYT = gaming company = quite a statement
First, it highlights the smart move of buying Wordle for a modest sum in January 2022. But it’s not just Wordle’s success.