On September 23, New York Times fell 9.02% in regular trading, trading at $64.01/share with turnover of approximately $194 million. The sharp decline follows a series of negative developments in recent days that have intensified selling pressure on the stock.

Most notably, on September 17, a federal court unsealed previously redacted filings in the copyright lawsuit brought by the New York Times against OpenAI and Microsoft. The documents revealed that Microsoft's own internal data showed its Copilot AI product reduced click-through rates to the New York Times website by up to 93% compared to traditional Bing search. OpenAI's ChatGPT head Nick Turley was quoted internally stating that publishers face an \"existential threat\" from AI products, which are \"largely substitutive\" and becoming more so. Microsoft's director of applied science Brent Hecht described the large-scale data scraping as \"the largest theft of labor in human history.\"

Adding further pressure, on September 18, President Trump announced a ban on certain media outlets from White House access and specifically threatened the New York Times, calling the newspaper \"disgusting.\" These compounding risks to both the digital business model and political operating environment have weighed heavily on shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)