A federal jury has reaffirmed that The New York Times (NYT, Financial) is not liable for defaming Alaska Governor Sarah Palin in an editorial concerning gun violence. This verdict mirrors the decision from a 2022 trial, providing consistency in the conclusion of this legal battle.
The case dates back to 2017, when Palin filed a lawsuit against The New York Times and its former opinion editor, James Bennet. She claimed that an editorial published by the newspaper mistakenly implied that a campaign ad from her political-action committee played a role in a tragic 2011 shooting in Tucson, Arizona.
This recent ruling solidifies the position that The New York Times did not act with malice or defamation in their editorial coverage related to this incident. The decision underscores the challenges public figures face in defamation cases, especially involving media organizations. As the publisher continues its operations, this case marks a significant moment in legal and media circles concerning freedom of the press.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for New York Times Co (NYT, Financial) is $54.41 with a high estimate of $65.00 and a low estimate of $42.00. The average target implies an upside of 8.56% from the current price of $50.12. More detailed estimate data can be found on the New York Times Co (NYT) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, New York Times Co's (NYT, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for New York Times Co (NYT, Financial) in one year is $50.09, suggesting a downside of 0.06% from the current price of $50.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the New York Times Co (NYT) Summary page.
