The biggest challenge for the New York Times at the moment is the transition to digital, according to the annual Form 10-K report handed in by the News Media Group to which the newspaper belongs.

The comprehensive summary of the company's performance states that the New York Times is focusing on becoming a digital multiplatform publisher.

It says: "We continue our transition from a company that operated primarily in print to one that is increasingly digital in focus and multiplatform in delivery."

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