NEW YORK--(BUSINESS WIRE)--Nov. 16, 2006--The New York Times
Company announced today that in October 2006 advertising revenues for
the Company's business units from continuing operations decreased 4.9%
and total Company revenues decreased 2.9% compared with October 2005.
All comparisons are for October 2006 to October 2005 unless
otherwise noted:
The New York Times Media Group - Advertising revenues for The New
York Times Media Group decreased 5.4%. National advertising revenues
decreased as softness in studio entertainment, telecommunications,
hotel, corporate and national automotive advertising more than offset
strength in the advocacy, books, hospitals and American fashion
categories. Retail advertising revenues increased as growth in
fashion/apparel store and department store advertising offset weakness
in home furnishing store and fine arts advertising. Classified
advertising revenues declined as softness in help-wanted and
automotive advertising offset gains in real estate advertising.
New England Media Group - Advertising revenues for the New England
Media Group decreased 11.8%. National advertising revenues decreased
as a result of softness in telecommunications, financial services,
studio entertainment, travel and national automotive print
advertising. Retail advertising revenues decreased mainly due to the
consolidation of the group's two largest department store advertisers.
Classified advertising revenues decreased because of weakness in all
three advertising categories.
Regional Media Group - Advertising revenues for the Regional Media
Group increased 0.7%. Retail advertising revenues rose as growth in
home improvement, office and political advertising offset weakness in
banking, telecommunications and furnishings advertising. Classified
advertising revenues decreased as softer help-wanted and automotive
advertising offset strength in real estate advertising.
The Internet ad revenues included in the three media groups above
rose 29.4% in October due to continued growth in both display and
classified advertising.
TimesSelect, the fee-based product on NYTimes.com that includes
The Times's distinctive columnists and extensive access to its
archives, currently has approximately 565,000 subscribers, with about
65% receiving TimesSelect as a benefit of their home-delivery
subscriptions and 35% receiving it from online-only subscriptions.
Year-to-date October, TimesSelect has generated $7.9 million in
revenues.
Circulation revenues for October decreased 1.1%. Circulation
revenues increased at The New York Times Media Group and declined at
the Regional and New England Media Groups.
About.com - Advertising revenues at About.com rose 26.3%.
October's growth was due to increases in both cost-per-click and
display advertising. Display advertising increased on strength in the
retail, entertainment, technology, pharmaceutical and manufacturing
categories.
Discontinued Operations - In September, the Company announced
plans to sell its Broadcast Media Group, which is now classified under
discontinued operations. Revenues for the Broadcast Media Group for
October and the first 10 months of 2006 and 2005 are included in the
tables in this release.
The New York Times Company (NYSE: NYT), a leading media company
with 2005 revenues of $3.4 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 15 other daily
newspapers, nine network-affiliated television stations, two New York
City radio stations and 35 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
This press release can be downloaded from www.nytco.com
THE NEW YORK TIMES COMPANY
2006 TOTAL COMPANY REVENUES (a)
OCTOBER AND YEAR TO DATE
----------------------------------------------------------------------
Total Company
Revenues
($ 000's)
October Year to Date
---------------------------------------------------------
% %
2006 2005 Change 2006 2005 Change
--------- --------- ------ ----------- ----------- ------
Advertising
Revenues
News Media
National $99,533 $107,087 -7.1 $744,192 $766,576 -2.9
Retail 47,691 48,559 -1.8 385,143 391,241 -1.6
Classified 55,003 59,935 -8.2 501,231 512,141 -2.1
Other Ad
Revenue 7,045 6,487 +8.6 53,115 50,662 +4.8
--------- --------- ----------- -----------
Total News
Media Group 209,273 222,068 -5.8 1,683,681 1,720,619 -2.1
About.com 7,402 5,863 +26.3 61,219 32,140 N/A
--------- --------- ----------- -----------
Total Ad
Revenues
from
Continuing
Operations 216,675 227,931 -4.9 1,744,900 1,752,760 -0.4
Circulation
Revenues 84,246 85,164 -1.1 739,239 741,135 -0.3
Other
Revenues (b) 23,695 21,077 +12.4 199,517 180,231 +10.7
--------- ========= ----------- ===========
Total Company
Revenues
from
Continuing
Operations $324,616 $334,172 -2.9 $2,683,656 $2,674,126 +0.4
========= ========= =========== ===========
Discontinued
Operations:
Broadcast
Media Group
(c) 20,193 14,020 +44.0 127,734 115,802 +10.3
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Primarily includes revenues from wholesale delivery operations,
news services, direct marketing, digital archives, commercial
printing and TimesSelect.
(c) In September, the Company announced plans to sell the Broadcast
Media Group.
THE NEW YORK TIMES COMPANY
2006 ADVERTISING REVENUES (a)
OCTOBER AND YEAR TO DATE
----------------------------------------------------------------------
Total Company
Advertising
Revenues
($ 000's)
October Year to date
---------------------------------------------------------
% %
2006 2005 Change 2006 2005 Change
--------- --------- ------ ----------- ----------- ------
News Media
Group
New York
Times
Media
Group $132,329 $139,893 -5.4 $1,017,838 $1,025,830 -0.8
New England
Media
Group 41,131 46,619 -11.8 348,699 388,386 -10.2
Regional
Media
Group 35,814 35,556 +0.7 317,144 306,403 +3.5
--------- --------- ----------- -----------
Total News
Media Group 209,273 222,068 -5.8 1,683,681 1,720,619 -2.1
About.com 7,402 5,863 +26.3 61,219 32,140 N/A
--------- --------- ----------- -----------
Total Ad
Revenues
from
Continuing
Operations $216,675 $227,931 -4.9 $1,744,900 $1,752,760 -0.4
========= ========= =========== ===========
Discontinued
Operations:
Broadcast
Media Group
(b) 20,014 13,784 +45.2 125,683 113,320 +10.9
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) In September, the Company announced plans to sell the Broadcast
Media Group.
THE NEW YORK TIMES COMPANY
2006 NEWS MEDIA AD REVENUE GROWTH
BY CLASSIFIED CATEGORY
OCTOBER AND YEAR TO DATE
--------------------------------------------------------
% Change % Change
Oct. '06 YTD '06
vs. Oct. '05 vs. YTD '05
-----------------------------------
News Media
Help Wanted -19.1 -9.7
Real Estate -0.7 +12.0
Automotive -11.0 -14.5
--------------------------------------------------------
THE NEW YORK TIMES COMPANY
2006 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
OCTOBER AND YEAR TO DATE
----------------------------------------------------------------------
October Year to Date
----------------------------------------------------------------------
% %
2006 2005 Change 2006 2005 Change
-------- -------- ------ ---------- ---------- ------
National 240.2 275.6 -12.8 1,903.2 1,996.5 -4.7
Retail 614.6 637.2 -3.5 5,157.8 5,329.7 -3.2
Classified 886.8 922.7 -3.9 8,097.1 8,175.1 -1.0
-------- -------- ---------- ----------
Total ROP 1,741.7 1,835.4 -5.1 15,158.1 15,501.2 -2.2
-------- -------- ---------- ----------
Part Run/ Zoned 214.4 209.2 +2.5 1,673.1 1,757.5 -4.8
-------- -------- ---------- ----------
Total 1,956.1 2,044.6 -4.3 16,831.2 17,258.7 -2.5
======== ======== ========== ==========
Preprints 262,961 275,394 -4.5 2,323,725 2,367,722 -1.9
----------------------------------------------------------------------
(a) Advertising volume is based on preliminary internal data, which
may be updated in subsequent reports and may not be indicative of
advertising revenue or operating profit. Numbers may not add due to
rounding.
CONTACT: The New York Times Company
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
or
Paula Schwartz, 212-556-5224
schwap@nytimes.com
SOURCE: The New York Times Company
