Being publicly traded with a sticky subscription model helps.
NY Times is also part of AMEX's digital entertainment credit, so subscribers print revenue that AMEX reimburses them behind the scenes. NY Times gets to print high revenue numbers anyway, and the public markets trade that a multiple. So NY Times has access to capital to occasionally make a 7 figure purchase. Media properties struggle to find something for a growth strategy but they have access to capital, they just don't expect to continue to have access to capital which makes them have to cut things earlier, expecting gloom and doom.
NY Times is also part of AMEX's digital entertainment credit, so subscribers print revenue that AMEX reimburses them behind the scenes. NY Times gets to print high revenue numbers anyway, and the public markets trade that a multiple. So NY Times has access to capital to occasionally make a 7 figure purchase. Media properties struggle to find something for a growth strategy but they have access to capital, they just don't expect to continue to have access to capital which makes them have to cut things earlier, expecting gloom and doom.