NEW YORK--(BUSINESS WIRE)--Aug. 16, 2007--The New York Times
Company announced today that in July 2007 advertising revenues from
continuing operations decreased 3.5% and total Company revenues from
continuing operations increased 0.1% compared with July 2006.
All comparisons are for July 2007 to July 2006 unless otherwise
noted:
News Media Group: Advertising revenue for the News Media Group
decreased 5.0%.
The New York Times Media Group - Advertising revenues for The New
York Times Media Group decreased 2.9%. National advertising
revenues increased as growth in studio entertainment, corporate
and hotel advertising offset weakness in the technology products,
telecommunications and financial services categories. Retail
advertising revenues decreased mainly due to softness in the
general retail and national retail categories. Classified
advertising revenues decreased because of weakness in real estate,
help-wanted and automotive advertising.
New England Media Group - Advertising revenues for the New England
Media Group decreased 4.9%. National advertising revenues rose as
strength in telecommunications, entertainment advertising,
particularly for motion pictures, and banking advertising offset
weakness in the national automotive, travel and
pharmaceutical/packaged goods categories. Retail advertising
revenues decreased largely due to softness in food/drug,
department store 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 10.9%. Retail advertising revenues decreased
mainly because of softness in home furnishing, home improvement
and department store advertising. Classified advertising revenues
decreased due to weakness in real estate, help-wanted and
automotive advertising.
The Internet ad revenues included in the News Media Group rose
19.3% in July due to growth in both display and classified
advertising.
Circulation revenues for the News Media Group grew 4.0% in July.
Revenues were up at The New York Times Media Group, increased slightly
at the Regional Media Group and declined at the New England Media
Group. In July The New York Times raised its newsstand and
home-delivery prices.
TimesSelect, the fee-based product on NYTimes.com that includes
The Times's distinctive columnists and extensive access to its
archives, currently has approximately 771,400 subscribers with 462,800
receiving TimesSelect as a benefit of their home-delivery
subscriptions, 225,100 receiving it from online-only subscriptions and
83,500 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 34.7%. July'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, financial
services and pharmaceutical categories.
In addition, for July 2007, The New York Times Company had the
10th largest presence on the Web, with 44.7 million unique visitors in
the United States according to Nielsen//NetRatings, up approximately
25% from 35.7 million unique visitors in July 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)
----------------------------------------------------------------------
July Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
Advertising
Revenues
News Media
National $63,694 $62,230 +2.4 $512,840 $514,887 -0.4
Retail 32,906 34,738 -5.3 249,895 267,316 -6.5
Classified 44,336 51,857 -14.5 314,914 361,196 -12.8
Other Ad
Revenue 5,222 5,054 +3.3 37,034 36,873 +0.4
-------- -------- ------ ---------- ---------- ------
Total News
Media Group 146,157 153,879 -5.0 1,114,685 1,180,272 -5.6
About Group (b) 8,294 6,156 +34.7 53,149 41,891 +26.9
-------- -------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations 154,451 160,035 -3.5 1,167,833 1,222,163 -4.4
Circulation
Revenues 84,463 81,188 +4.0 525,582 521,174 +0.8
Other Revenues
(c) 23,408 20,710 +13.0 143,871 137,429 +4.7
-------- -------- ------ ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $262,322 $261,933 +0.1 $1,837,286 $1,880,766 -2.3
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (d) 0 12,548 N/A 46,701 83,615 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, subscription Web
services 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)
----------------------------------------------------------------------
July Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
News Media Group
New York Times
Media Group $84,068 $86,543 -2.9 $680,607 $710,399 -4.2
New England
Media Group 32,725 34,393 -4.9 230,301 244,538 -5.8
Regional Media
Group 29,365 32,943 -10.9 203,776 225,335 -9.6
-------- -------- ------ ---------- ---------- ------
Total News Media
Group 146,157 153,879 -5.0 1,114,685 1,180,272 -5.6
About Group (b) 8,294 6,156 +34.7 53,149 41,891 +26.9
-------- -------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations $154,451 $160,035 -3.5 $1,167,833 $1,222,163 -4.4
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (c) 0 12,363 N/A 45,745 82,225 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
July '07 YTD '07
vs. July '06 vs. YTD '06
----------------------------
Help Wanted -15.7 -11.3
Real Estate -19.2 -17.5
Automotive -15.6 -16.8
Other +6.4 +7.6
----------------------------
Total -14.5 -12.8
-------------------------------------------------
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
----------------------------------------------------------------------
July Year to Date
----------------------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
------- ------- ------ --------- --------- ------
National 147.4 166.7 -11.6 1,220.1 1,332.7 -8.5
Retail 484.9 519.8 -6.7 3,373.5 3,617.0 -6.7
Classified 673.5 909.0 -25.9 5,005.3 5,768.9 -13.2
------- ------- ------ --------- --------- ------
Total ROP 1,305.8 1,595.6 -18.2 9,598.8 10,718.6 -10.4
------- ------- ------ --------- --------- ------
Part Run/ Zoned 128.5 162.9 -21.1 992.5 1,178.7 -15.8
------- ------- ------ --------- --------- ------
Total 1,434.3 1,758.5 -18.4 10,591.3 11,897.3 -11.0
======= ======= ====== ========= ========= ======
Preprints 226,102 229,487 -1.5 1,579,500 1,632,542 -3.2
----------------------------------------------------------------------
(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
