NEW YORK--(BUSINESS WIRE)--Oct. 8, 2009-- The New York Times Company, Univision Radio Inc. and WNYC Radio announced today the closing of the transactions related to WQXR-FM.

Under the terms of the transactions, Univision Radio paid the Times Company $33.5 million to exchange the FCC 105.9 FM broadcast license and transmitting equipment for the Times Company’s license, equipment and stronger signal at 96.3 FM. At the same time, WNYC Radio purchased the FCC license for 105.9 FM, all related transmitting equipment, and WQXR’s call letters and Web site from the Times Company for $11.5 million. Univision Radio will retain the WCAA-FM call letters.

As a result of this transaction, at 8 p.m. Univision Radio will transition WCAA 105.9 FM to 96.3 FM, providing the Spanish-language operator with expanded coverage and enhancing its service to the growing New York Hispanic demographic. WNYC will operate WQXR-FM on 105.9 FM and continue to serve the vast majority of its current audience as a listener-supported public station dedicated to classical music.

The New York Times Company, a leading media company with 2008 revenues of $2.9 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company’s core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.

Univision Communications Inc. is the premier Spanish-language media company in the United States. Its operations include Univision Network, the most-watched Spanish-language broadcast television network in the U.S. reaching 95% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, which was launched in 2002 and now reaches 85% of U.S. Hispanic Households; Galavisión, the country’s leading Spanish-language cable network; Univision Television Group, which owns and operates 64 television stations in major U.S. Hispanic markets and Puerto Rico; Univision Radio, the leading Spanish-language radio group, which owns and/or operates 68 radio stations in 16 of the top 25 U.S. Hispanic markets and 5 stations in Puerto Rico; and Univision Interactive Media, which includes http://www.univision.com, the premier Spanish-language Internet destination in the U.S. and Univision Móvil, the industry’s most comprehensive Spanish-language suite of mobile offerings. Univision Communications also has a 50% interest in TuTv, a joint venture formed to broadcast Televisa’s pay television channels in the U.S. Univision Communications has television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States. For more information, please visit www.univision.net.

WNYC Radio is New York's premier public radio station, comprising WNYC 93.9 FM, WNYC AM 820 and www.wnyc.org. As America's most listened-to public radio stations, reaching more than one million listeners every week, WNYC extends New York City's cultural riches to the entire country on-air and online, and presents the best national offerings from networks National Public Radio, Public Radio International and American Public Media. WNYC 93.9 FM broadcasts a wide range of daily news, talk, cultural and classical music programming, while WNYC AM 820 maintains a stronger focus on breaking news and international news reporting. In addition, WNYC produces content for live, radio and web audiences from The Jerome L. Greene Performance Space, the station’s street-level multipurpose, multiplatform broadcast studio and performance space. For more information about WNYC, visit www.wnyc.org.

This press release can be downloaded from www.nytco.com

Source: The New York Times Company

The New York Times Company
For media:
Abbe Serphos, 212-556-4425
serphos@nytimes.com
or
For investors:
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com