NEW YORK--(BUSINESS WIRE)--July 25, 2007--The New York Times
Company announced today that in June 2007 advertising revenues from
continuing operations decreased 5.5% and total Company revenues from
continuing operations decreased 3.6% compared with June 2006.
All comparisons are for June 2007 to June 2006 unless otherwise
noted:
News Media Group: Advertising revenue for the News Media Group
decreased 6.5%.
The New York Times Media Group - Advertising revenues for The New
York Times Media Group decreased 3.0%. National advertising
revenues increased as growth in studio entertainment, books,
packaged goods, alcoholic beverage, advocacy, international
fashion and transportation advertising offset weakness in the
telecommunications, banking and financial services categories.
Retail advertising revenues decreased due to softness in mass
market, department store, home furnishing store, fine arts and
fashion/jewelry advertising. Classified advertising revenues
decreased because of weakness in real estate, automotive and
help-wanted advertising.
New England Media Group - Advertising revenues for the New England
Media Group decreased 11.8%. National advertising revenues
increased as strength in entertainment advertising, particularly
for motion pictures, and pharmaceutical/packaged goods
advertising offset weakness in the financial services, banking and
travel categories. Retail advertising revenues decreased largely
due to softness in apparel/footwear, electronics/appliances and
computer/office supply advertising. Classified advertising
revenues decreased because of weakness in real estate, help-wanted
and automotive advertising.
Regional Media Group - Advertising revenues for the Regional Media
Group decreased 12.2%. Retail advertising revenues decreased
mainly because of softness in home furnishing, banking and home
improvement advertising. Classified advertising revenues decreased
due to weakness in help-wanted, real estate and automotive
advertising.
The Internet ad revenues included in the News Media Group rose
22.0% in June due to growth in both display and classified
advertising.
Circulation revenues for the News Media Group decreased 0.7%,
declining slightly at each of the three media groups.
TimesSelect, the fee-based product on NYTimes.com that includes
The Times's distinctive columnists and extensive access to its
archives, currently has approximately 763,000 subscribers with about
60% receiving TimesSelect as a benefit of their home-delivery
subscriptions, 29% receiving it from online-only subscriptions and 11%
receiving it free as college students and educators.
About Group - Advertising revenues at the About Group (which
includes About.com, ConsumerSearch.com, UCompareHealthCare.com and
Calorie-Count.com) rose 23.9%. June's growth was due to increases in
both display and cost-per-click advertising. In addition, advertising
revenues reflect the acquisitions of ConsumerSearch.com in May 2007
and UCompareHealthCare.com in March 2007. Display advertising
increased primarily because of strength in the Internet,
pharmaceutical and financial services categories.
In addition, for June 2007, The New York Times Company had the
11th largest presence on the Web, with 42.9 million unique visitors in
the United States according to Nielsen//NetRatings, up approximately
14% from 37.7 million unique visitors in June 2006.
The New York Times Company (NYSE: NYT), a leading media company
with 2006 revenues of $3.3 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 15 other daily
newspapers, WQXR-FM and more than 30 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
This press release can be downloaded from www.nytco.com
THE NEW YORK TIMES COMPANY
2007 TOTAL COMPANY REVENUES (a)
($ 000's)
----------------------------------------------------------------------
June Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
Advertising
Revenues
News Media
National $70,548 $68,356 +3.2 $449,146 $452,657 -0.8
Retail 32,034 35,876 -10.7 216,989 232,578 -6.7
Classified 40,748 49,137 -17.1 270,578 309,338 -12.5
Other Ad
Revenue 4,644 4,956 -6.3 31,814 31,819 +0.0
-------- -------- ------ ---------- ---------- ------
Total News
Media Group 147,973 158,324 -6.5 968,527 1,026,393 -5.6
About Group (b) 7,199 5,809 +23.9 44,855 35,735 +25.5
-------- -------- ------ ---------- ---------- ------
Total Ad Revenues
from Continuing
Operations 155,173 164,134 -5.5 1,013,382 1,062,128 -4.6
Circulation
Revenues 66,785 67,285 -0.7 441,118 439,986 +0.3
Other Revenues(c) 20,289 19,815 +2.4 120,463 116,719 +3.2
-------- -------- ------ ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $242,247 $251,233 -3.6 $1,574,963 $1,618,833 -2.7
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (d) 0 11,798 N/A 46,702 71,066 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Includes About.com, ConsumerSearch.com, UCompareHealthCare.com and
Calorie-Count.com.
(c) Primarily includes revenues from wholesale delivery operations,
news services/syndication, digital archives, TimesSelect, Baseline
StudioSystems and commercial printing.
(d) On May 7, 2007, the Company sold the Broadcast Media Group,
consisting of nine network-affiliated television stations, their
related Web sites and the digital operating center, for approximately
$575 million.
THE NEW YORK TIMES COMPANY
2007 TOTAL COMPANY REVENUES (a)
($ 000's)
----------------------------------------------------------------------
Second Quarter
-----------------------------
%
2007 2006 Change
---------- -------- ---------
Advertising Revenues
News Media
National $224,244 $227,200 -1.3
Retail 109,640 121,658 -9.9
Classified 134,471 155,331 -13.4
Other Ad Revenue 16,578 16,807 -1.4
---------- -------- ---------
Total News Media Group 484,933 520,996 -6.9
About Group (b) 23,534 18,447 +27.6
---------- -------- ---------
Total Ad Revenues from Continuing
Operations 508,467 539,443 -5.7
Circulation Revenues 218,664 219,705 -0.5
Other Revenues (c) 61,812 60,488 +2.2
---------- -------- ---------
Total Company Revenues from Continuing
Operations $788,943 $819,636 -3.7
========== ======== =========
Discontinued Operations: Broadcast Media
Group (d) 13,798 39,112 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Includes About.com, ConsumerSearch.com, UCompareHealthCare.com and
Calorie-Count.com.
(c) Primarily includes revenues from wholesale delivery operations,
news services/syndication, digital archives, TimesSelect, Baseline
StudioSystems and commercial printing.
(d) On May 7, 2007, the Company sold the Broadcast Media Group,
consisting of nine network-affiliated television stations, their
related Web sites and the digital operating center, for approximately
$575 million.
THE NEW YORK TIMES COMPANY
2007 ADVERTISING REVENUES (a)
($ 000's)
----------------------------------------------------------------------
June Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
News Media Group
New York Times
Media Group $93,016 $95,895 -3.0 $596,540 $623,856 -4.4
New England
Media Group 29,918 33,906 -11.8 197,576 210,145 -6.0
Regional Media
Group 25,040 28,524 -12.2 174,411 192,392 -9.3
-------- -------- ------ ---------- ---------- ------
Total News Media
Group 147,973 158,324 -6.5 968,527 1,026,393 -5.6
About Group (b) 7,199 5,809 +23.9 44,855 35,735 +25.5
-------- -------- ------ ---------- ---------- ------
Total Ad Revenues
from Continuing
Operations $155,173 $164,134 -5.5 $1,013,382 $1,062,128 -4.6
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (c) 0 11,617 N/A 45,745 69,862 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Includes About.com, ConsumerSearch.com, UCompareHealthCare.com and
Calorie-Count.com.
(c) On May 7, 2007, the Company sold the Broadcast Media Group,
consisting of nine network-affiliated television stations, their
related Web sites and the digital operating center, for approximately
$575 million.
THE NEW YORK TIMES COMPANY
2007 ADVERTISING REVENUES (a)
($ 000's)
----------------------------------------------------------------------
Second Quarter
------------------------
%
2007 2006 Change
-------- -------- ------
News Media Group
New York Times Media Group $299,394 $316,045 -5.3
New England Media Group 100,334 108,608 -7.6
Regional Media Group 85,205 96,343 -11.6
-------- -------- ------
Total News Media Group 484,933 520,996 -6.9
About Group (b) 23,534 18,447 +27.6
-------- -------- ======
Total Ad Revenues from Continuing Operations $508,467 $539,443 -5.7
======== ======== ======
Discontinued Operations: Broadcast
Media Group (c) 13,516 38,542 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Includes About.com, ConsumerSearch.com, UCompareHealthCare.com and
Calorie-Count.com.
(c) On May 7, 2007, the Company sold the Broadcast Media Group,
consisting of nine network-affiliated television stations, their
related Web sites and the digital operating center, for approximately
$575 million.
THE NEW YORK TIMES COMPANY
2007 NEWS MEDIA AD REVENUE GROWTH
BY CLASSIFIED CATEGORY
----------------------------------------------------------------------
% Change % Change % Change
June '07 Q2 '07 YTD '07
vs. June '06 vs. Q2 '06 vs. YTD '06
------------------------------------------------------
Help Wanted -13.7 -10.6 -10.6
Real Estate -24.4 -20.9 -17.3
Automotive -18.1 -14.8 -17.0
Other +6.1 +11.6 +7.8
------------------------------------------------------
Total -17.1 -13.4 -12.5
----------------------------------------------------------------------
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
----------------------------------------------------------------------
June Year to Date
----------------------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
------- ------- ------ --------- --------- ------
National 167.6 173.7 -3.5 1,072.6 1,166.0 -8.0
Retail 430.2 474.8 -9.4 2,888.6 3,097.2 -6.7
Classified 631.4 746.2 -15.4 4,331.8 4,859.9 -10.9
------- ------- ------ --------- --------- ------
Total ROP 1,229.2 1,394.8 -11.9 8,293.0 9,123.0 -9.1
------- ------- ------ --------- --------- ------
Part Run/ Zoned 146.0 184.1 -20.7 864.0 1,015.8 -14.9
------- ------- ------ --------- --------- ------
Total 1,375.2 1,578.9 -12.9 9,157.0 10,138.8 -9.7
======= ======= ====== ========= ========= ======
Preprints 205,205 216,185 -5.1 1,353,398 1,403,055 -3.5
----------------------------------------------------------------------
(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.
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
----------------------------------------------------------------------
Second Quarter
----------------------------------------------------------------------
%
2007 2006 Change
------------- -------------- ---------------
National 525.4 584.3 -10.1
Retail 1,441.4 1,590.1 -9.4
Classified 2,185.1 2,483.4 -12.0
------------- -------------- ---------------
Total ROP 4,151.9 4,657.8 -10.9
------------- -------------- ---------------
Part Run/ Zoned 457.8 555.4 -17.6
------------- -------------- ---------------
Total 4,609.7 5,213.2 -11.6
============= ============== ===============
Preprints 663,855 716,905 -7.4
----------------------------------------------------------------------
(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
