The Hearst Foundations announced that they have surpassed $1.5 billion in grants to over 6,400 organizations since their founding in 1946 by William Randolph Hearst. The announcement was made by Presidents of the Hearst Foundations, William R. Hearst III and Virginia Randt. Operating independently from Hearst, the Foundations are national philanthropic resources for organizations working in the fields of culture, education, health and social service. Grantmaking also includes administering two unique annual programs: the United States Senate Youth Program for high school juniors and seniors as a public service immersion in Washington D.C. and the Journalism Awards Program for undergraduates studying journalism at accredited schools of journalism.

Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, "2024 is off to a strong start, as our results reflect the power of our strategy to be the essential subscription for every curious person seeking to understand and engage with the world, and as our world-class news and lifestyle products continue to attract huge and deeply engaged audiences. Our first quarter financial performance illustrates that our news-based, multi-product, multi-revenue subscription strategy continues to work as designed, and is on track to drive continued growth in revenue and earnings as well as generate healthy free cash flow in 2024.

Financial Highlights • Adobe achieved record quarterly revenue of $2.20 billion in its second quarter of fiscal year 2018, which represents 24 percent year-over-year revenue growth. • Operating income grew 39 percent and net income grew 77 percent year-over-year on a GAAP-basis; operating income grew 33 percent and net income grew 62 percent year-over-year on a non-GAAP basis. • Cash flow from operations was $976 million, and deferred revenue grew 27 percent year-over-year to approximately $2.63 billion. Click Read More below for additional information.