NEW YORK--(BUSINESS WIRE)--Nov. 16, 2007--The New York Times
Company announced today that in October total Company revenues from
continuing operations rose 1.0% compared with the same month a year
ago. Advertising revenues decreased 0.7% and circulation revenues
increased 3.4%. The About Group again posted strong advertising growth
in the month, up 45.8%.
All comparisons are for October 2007 to October 2006 unless
otherwise noted:
News Media Group: Advertising revenues for the News Media Group
decreased 2.4% mainly because of weaker classified advertising.
Advertising revenues benefited from growth in national advertising,
which rose 6.6% and included gains in both print and online
advertising.
The New York Times Media Group - Advertising revenues for The New
York Times Media Group increased 1.6%. National advertising
revenues rose as growth in studio entertainment, international
fashion, home furnishing manufacturers and American fashion
advertising offset weakness in the technology, transportation,
live entertainment and advocacy categories. Retail advertising
revenues decreased mainly due to softness in department store,
direct electronics and mass market 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 7.8%. National advertising revenues
increased as growth in financial services, banking and
entertainment advertising offset softer technology, national
automotive and hospital/healthcare advertising. Retail advertising
revenues decreased primarily due to weakness in the food/drug,
apparel/footwear and electronics/appliance categories. Classified
advertising revenues decreased because of softness in real estate,
help-wanted and automotive advertising.
Regional Media Group - Advertising revenues for the Regional Media
Group decreased 10.9%. Retail advertising revenues were down
mainly because of decreases in department store, home furnishing
and home improvement advertising. Classified advertising revenues
decreased due to continued weakness in real estate, help-wanted
and automotive advertising.
Internet advertising revenues included in the News Media Group
rose 19.0% in October due to growth in both display and classified
advertising.
Circulation revenues for the News Media Group increased 3.4% in
October. Revenues were up at The New York Times and New England Media
Groups, and declined at the Regional Media Group. In July 2007 The New
York Times raised its newsstand and home-delivery prices.
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 45.8%. October's
growth was principally due to increases in both display and
cost-per-click advertising. Display advertising increased primarily
because of strength in the technology, Internet and financial services
categories. In addition, advertising revenues reflect the acquisitions
of ConsumerSearch.com in May 2007 and UCompareHealthCare.com in March
2007. Excluding these acquisitions, advertising revenues increased
36.6% in the month.
In addition, The New York Times Company had the 10th largest
presence on the Web, with 49.2 million unique visitors in the United
States according to Nielsen//NetRatings, up approximately 16% from
42.5 million unique visitors in October 2006. Also according to
Nielsen//NetRatings, NYTimes.com had 17.5 million unique visitors in
October and was the No. 1 newspaper Web site in the United States, a
position it has long held. October's number of unique visitors was the
highest amount recorded since the Company began tracking this
statistic using Nielsen//NetRatings in 2002.
The New York Times Company (NYSE: NYT), a leading media company
with 2006 revenues of $3.3 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 15 other daily
newspapers, WQXR-FM and more than 30 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
THE NEW YORK TIMES COMPANY
2007 TOTAL COMPANY REVENUES (a)
($ 000's)
----------------------------------------------------------------------
October Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
Advertising
Revenues
News Media
National $106,128 $99,533 +6.6 $768,185 $744,192 +3.2
Retail 45,432 47,691 -4.7 359,612 385,143 -6.6
Classified 46,416 55,003 -15.6 434,152 501,231 -13.4
Other Ad
Revenue 6,308 7,045 -10.5 52,545 53,115 -1.1
-------- -------- ------ ---------- ---------- ------
Total News
Media Group 204,285 209,273 -2.4 1,614,494 1,683,681 -4.1
About Group (b) 10,795 7,402 +45.8 79,011 60,599 +30.4
-------- -------- ====== ---------- ---------- ======
Total Ad
Revenues from
Continuing
Operations 215,080 216,675 -0.7 1,693,505 1,744,280 -2.9
Circulation
Revenues 87,131 84,246 +3.4 751,669 739,239 +1.7
Other Revenues
(c) 25,510 23,695 +7.7 211,869 199,517 +6.2
-------- ======== ====== ---------- ========== ======
Total Company
Revenues from
Continuing
Operations $327,720 $324,616 +1.0 $2,657,043 $2,683,036 -1.0
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (d) 0 20,193 N/A 46,702 127,734 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, TimesSelect (for periods
before October 2007), Baseline Studio Systems, rental income 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)
----------------------------------------------------------------------
October Year to Date
-----------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
-------- -------- ------ ---------- ---------- ------
News Media Group
New York Times
Media Group $134,469 $132,329 +1.6 $1,002,244 $1,017,838 -1.5
New England
Media Group 37,913 41,131 -7.8 327,327 348,699 -6.1
Regional Media
Group 31,903 35,814 -10.9 284,923 317,144 -10.2
-------- -------- ------ ---------- ---------- ------
Total News Media
Group 204,285 209,273 -2.4 1,614,494 1,683,681 -4.1
About Group (b) 10,795 7,402 +45.8 79,011 60,599 +30.4
-------- -------- ====== ---------- ---------- ======
Total Ad
Revenues from
Continuing
Operations $215,080 $216,675 -0.7 $1,693,505 $1,744,280 -2.9
======== ======== ====== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (c) 0 20,014 N/A 45,745 125,683 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
Oct. '07 YTD '07
vs. Oct. '06 vs. YTD '06
------------------------
Help Wanted -15.2 -12.3
Real Estate -20.8 -18.6
Automotive -20.0 -17.2
Other +10.6 +10.1
------------------------
Total -15.6 -13.4
----------------------------------------------------------------------
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
----------------------------------------------------------------------
October Year to Date
----------------------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
------- ------- ------ --------- --------- ------
National 256.3 240.2 +6.7 1,824.3 1,903.2 -4.1
Retail 577.5 614.6 -6.0 4,780.2 5,157.8 -7.3
Classified 670.2 886.8 -24.4 6,797.6 8,097.1 -16.0
------- ------- ------ --------- --------- ------
Total ROP 1,504.0 1,741.7 -13.6 13,402.2 15,158.1 -11.6
------- ------- ------ --------- --------- ------
Part Run/ Zoned 162.9 214.4 -24.0 1,413.7 1,673.1 -15.5
------- ------- ------ --------- --------- ------
Total 1,666.9 1,956.1 -14.8 14,815.9 16,831.2 -12.0
======= ======= ====== ========= ========= ======
Preprints 262,336 262,961 -0.2 2,257,292 2,323,725 -2.9
-------------------- ------- ------- ---------------- --------- ------
(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.
This press release can be downloaded from www.nytco.com.
CONTACT: The New York Times Company
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
or
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com
SOURCE: The New York Times Company
