NEW YORK--(BUSINESS WIRE)--Sept. 12, 2007--The New York Times
Company announced today that total Company revenues from continuing
operations increased 0.6% in August compared with the same month a
year ago.
All comparisons are for August 2007 to August 2006 unless
otherwise noted:
News Media Group: Advertising revenues for the News Media Group
decreased 4.6%.
The New York Times Media Group - Advertising revenues for The New
York Times Media Group increased 0.2%. National advertising
revenues rose led by growth in international fashion, technology
products, packaged goods, corporate and hotel advertising. Retail
advertising revenues decreased mainly due to softness in national
chain store advertising. 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 9.0%. National advertising revenues
increased as strong growth in banking and technology products
advertising offset softer studio entertainment and travel
advertising. Retail advertising revenues decreased as weakness in
the food/drug, apparel/footwear and retail services categories
more than offset growth in department store and home improvement
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 11.9%. Retail advertising revenues decreased
mainly because of softness in home furnishing, telecommunications
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
28.2% in August due to growth in both display and classified
advertising.
Circulation revenues for the News Media Group grew 3.6% in August.
Revenues were up at The New York Times Media Group, and were on a par
with last year at the New England and Regional Media Groups. 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 787,400 subscribers with 471,500
receiving TimesSelect as a benefit of their home-delivery
subscriptions, 226,800 receiving it from online-only subscriptions and
89,100 receiving it free as college students and educators.
About Group - Advertising revenues at the About Group (which
includes the Web sites of About.com, ConsumerSearch.com,
UCompareHealthCare.com and Calorie-Count.com) rose 27.4%. August'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 retail, financial services and
entertainment categories.
In addition, for August 2007, The New York Times Company had the
11th largest presence on the Web, with 44.2 million unique visitors in
the United States according to Nielsen//NetRatings, up approximately
11% from 39.9 million unique visitors in August 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)
----------------------------------------------------------------------
August Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
Advertising
Revenues
News Media
National $55,114 $50,656 +8.8 $567,954 $565,543 +0.4
Retail 29,537 31,243 -5.5 279,432 298,558 -6.4
Classified 32,861 41,071 -20.0 347,776 402,266 -13.5
Other Ad
Revenue 4,026 4,366 -7.8 41,061 41,239 -0.4
-------- -------- ------ ---------- ---------- ------
Total News
Media Group 121,538 127,335 -4.6 1,236,223 1,307,607 -5.5
About Group
(b) 7,189 5,642 +27.4 60,338 47,534 +26.9
-------- -------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations 128,727 132,977 -3.2 1,296,560 1,355,140 -4.3
Circulation
Revenues 68,403 66,041 +3.6 593,985 587,215 +1.2
Other Revenues
(c) 21,373 18,204 +17.4 165,244 155,633 +6.2
-------- -------- ------ ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $218,503 $217,222 +0.6 $2,055,789 $2,097,988 -2.0
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (d) 0 10,904 N/A 46,701 94,519 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Includes the Web sites of 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)
----------------------------------------------------------------------
August Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
News Media Group
New York Times
Media Group $70,414 $70,257 +0.2 $751,022 $780,656 -3.8
New England
Media Group 26,537 29,177 -9.0 256,838 273,715 -6.2
Regional Media
Group 24,587 27,901 -11.9 228,363 253,236 -9.8
-------- -------- ------ ---------- ---------- ------
Total News Media
Group 121,538 127,335 -4.6 1,236,223 1,307,607 -5.5
About Group (b) 7,189 5,642 +27.4 60,338 47,534 +26.9
-------- -------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations $128,727 $132,977 -3.2 $1,296,560 $1,355,140 -4.3
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (c) 0 10,719 N/A 45,745 92,944 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Includes the Web sites of 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
Aug. '07 YTD '07
vs. Aug. '06 vs. YTD '06
-----------------------------
Help Wanted -19.6 -12.1
Real Estate -29.6 -18.8
Automotive -19.2 -17.0
Other +11.5 +8.0
-----------------------------
Total -20.0 -13.5
--------------------------------------------
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
----------------------------------------------------------------------
August Year to Date
----------------------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
------- ------- ------ --------- --------- ------
National 138.3 139.7 -1.0 1,358.4 1,472.4 -7.7
Retail 406.5 439.9 -7.6 3,780.0 4,056.9 -6.8
Classified 563.5 717.0 -21.4 5,568.8 6,485.9 -14.1
------- ------- ------ --------- --------- ------
Total ROP 1,108.3 1,296.6 -14.5 10,707.2 12,015.2 -10.9
------- ------- ------ --------- --------- ------
Part Run/ Zoned 119.1 128.1 -7.1 1,111.6 1,306.9 -14.9
------- ------- ------ --------- --------- ------
Total 1,227.4 1,424.7 -13.8 11,818.7 13,322.0 -11.3
======= ======= ====== ========= ========= ======
Preprints 213,517 209,767 +1.8 1,793,016 1,842,310 -2.7
----------------------------------------------------------------------
(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
