NEW YORK--(BUSINESS WIRE)--Aug. 8, 2012--
The New York Times Company (NYSE: NYT) confirmed today that it is
engaged in discussions regarding the potential sale of its About Group.
No definitive agreement has been reached. The negotiations are ongoing
and there can be no assurances that an agreement will be reached or that
a transaction will be completed.
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from those predicted by such forward-looking
statements. These risks and uncertainties include national and local
conditions, as well as competition, that could influence the levels
(rate and volume) of national, retail and classified advertising and
circulation generated by our various markets, material increases in
newsprint prices and the development of our digital businesses. They
also include other risks detailed from time to time in the Company's
publicly filed documents, including the Company's Annual Report on Form
10-K for the year ended December 25, 2011. The Company undertakes no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
About The New York Times Company
The New York Times Company, a leading global, multimedia news and
information company with 2011 revenues of $2.3 billion, includes The New
York Times, the International Herald Tribune, The Boston Globe,
NYTimes.com, BostonGlobe.com, Boston.com, About.com and related
properties. The Company's core purpose is to enhance society by
creating, collecting and distributing high-quality news, information and
entertainment.
Source: The New York Times Company
The New York Times Company
For Media:
Robert H.
Christie, 212-556-1981
robert.christie@nytimes.com
Abbe
Serphos, 212-556-4425
serphos@nytimes.com
or
For
Investors:
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com
Andrea
Passalacqua, 212-556-7354
andrea.passalacqua@nytimes.com
