NEW YORK, Jan 31, 2008 (BUSINESS WIRE) -- The New York Times Company announced today that in December total
Company revenues from continuing operations decreased 22.4% compared
with December 2006, when our fiscal calendar included an additional
week; excluding the estimated impact of the additional week in 2006,
they decreased 8.2%. Advertising revenues decreased 25.2%; excluding
the additional week, they decreased 12.0%. Circulation revenues
decreased 17.8%; excluding the additional week, they increased 0.6%.
Reconciliations of revenues excluding the additional week in 2006
to revenues including the additional week are included in the
schedules to this release.
In addition, comparisons for December 2007 were adversely affected
by the timing of when the fiscal month began. December 2007 began on
December 3 while December 2006 began on November 27. This resulted in
fewer advertising days before Christmas in the December 2007 period.
All comparisons are for December 2007 to December 2006 unless
otherwise noted:
News Media Group: Advertising revenues for the News Media Group
decreased 26.6%, and excluding the additional week, decreased 13.8%.
The New York Times Media Group - Advertising revenues for The New
York Times Media Group decreased 24.8%, and excluding the
additional week, decreased 13.3%. Advertising revenues were
affected by a shift in the timing of T: Holiday, which was
published in November 2007 compared with December 2006. National advertising revenues decreased as
weakness in healthcare, books, technology products and
transportation offset growth in the financial services,
entertainment, national automotive and packaged goods
categories. Retail advertising revenues decreased mainly due to
softness in fashion jewelry, department store and mass market
advertising. Classified advertising revenues decreased because
of weakness in help-wanted, real estate and automotive
advertising.
New England Media Group - Advertising revenues for the New
England Media Group decreased 31.4%, and excluding the
additional week, decreased 17.7%. National advertising revenues
decreased due to weakness in telecommunications,
pharmaceutical/packaged goods, technology and travel
advertising. Retail advertising revenues decreased primarily due
to weakness in the jewelry/watches, department store,
records/books and computer/office supplies categories.
Classified advertising revenues decreased because of softness in
real estate and help-wanted advertising.
Regional Media Group - Advertising revenues for the Regional
Media Group decreased 28.1%, and excluding the additional week,
decreased 11.3%. Retail advertising revenues were down mainly
because of decreases in home improvement, home furnishings and
department store advertising. Classified advertising revenues
decreased due to continued weakness in help-wanted, real estate
and automotive advertising.
Internet advertising revenues included in the News Media Group
rose 2.7%, and excluding the additional week, increased 20.7%, due to
growth in display advertising.
Circulation revenues for the News Media Group decreased 17.8%, and
excluding the additional week, increased 0.6%. Revenues were on a par
with last year across the News Media Group.
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 10.7%, and
excluding the additional week, increased 32.7%. December's growth was
principally due to increases in both cost-per-click and display
advertising. Display advertising increased primarily because of
strength in the Internet, technology 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 decreased
about 1%, and excluding the additional week, increased approximately
19%.
In addition, The New York Times Company had the 10th largest
presence on the Web, with 48.7 million unique visitors in the United
States according to Nielsen Online, up approximately 10% from 44.2
million unique visitors in December 2006. Also according to Nielsen
Online, NYTimes.com had 17.2 million unique visitors in December and
was the No. 1 newspaper Web site in the United States, a position it
has long held.
The New York Times Company (NYSE: NYT), a leading media company
with 2007 revenues of $3.2 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 15 other daily
newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
This press release can be downloaded from www.nytco.com.
THE NEW YORK TIMES COMPANY
2007 TOTAL COMPANY REVENUES (a)
($ 000's)
----------------------------------------------------------------------
December Fourth Quarter
-------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
--------- --------- ------ ---------- ---------- ------
(4 weeks) (5 weeks) (13 weeks) (14 weeks)
Advertising
Revenues
News Media
National $81,455 $105,429 -22.7 $283,424 $293,530 -3.4
Retail 44,833 60,790 -26.2 137,441 157,961 -13.0
Classified 23,817 38,603 -38.3 101,485 132,425 -23.4
Other Ad
Revenue 4,920 6,434 -23.5 17,462 19,218 -9.1
--------- --------- ------ ---------- ---------- ------
Total News
Media Group 155,025 211,255 -26.6 539,813 603,134 -10.5
About Group
(b) 9,430 8,516 +10.7 29,231 23,198 +26.0
--------- --------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations 164,455 219,771 -25.2 569,043 626,332 -9.1
Circulation
Revenues 68,121 82,917 -17.8 225,344 234,729 -4.0
Other Revenues
(c) 22,258 25,716 -13.4 71,368 70,423 +1.3
--------- --------- ------ ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $254,834 $328,403 -22.4 $865,755 $931,484 -7.1
========= ========= ====== ========== ========== ======
Discontinued
Operations:
Broadcast
Media Group
(d) 0 13,177 N/A 0 49,249 N/A
----------------------------------------------------------------------
Full Year
-----------------------------
%
2007 2006 Change
---------- ---------- ------
(52 weeks) (53 weeks)
Advertising Revenues
News Media
National $945,480 $938,189 +0.8
Retail 451,621 495,413 -8.8
Classified 489,221 578,653 -15.5
Other Ad Revenue 63,699 65,287 -2.4
---------- ---------- ------
Total News Media Group 1,950,021 2,077,542 -6.1
About Group (b) 97,447 76,394 +27.6
---------- ---------- ------
Total Ad Revenues from Continuing
Operations 2,047,468 2,153,936 -4.9
Circulation Revenues 889,882 889,722 0.0
Other Revenues (c) 257,727 246,245 +4.7
---------- ---------- ------
Total Company Revenues from Continuing
Operations $3,195,077 $3,289,903 -2.9
========== ========== ======
Discontinued Operations: Broadcast Media
Group (d) 46,702 156,791 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, commercial printing, advertising service
revenue, digital archives, TimesSelect (for periods before October
2007), Baseline StudioSystems and rental income.
(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
$575 million.
THE NEW YORK TIMES COMPANY
2007 TOTAL COMPANY REVENUES
EXCLUDING THE ADDITIONAL WEEK (a)
($ 000's)
----------------------------------------------------------------------
December Fourth Quarter
-------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
--------- --------- ------ ---------- ---------- ------
(4 weeks) (4 weeks) (13 weeks) (13 weeks)
Advertising
Revenues
News Media
National $81,455 $88,698 -8.2 $283,424 $276,799 +2.4
Retail 44,833 52,519 -14.6 137,441 149,691 -8.2
Classified 23,817 33,274 -28.4 101,485 127,096 -20.2
Other Ad
Revenue 4,920 5,332 -7.7 17,462 18,116 -3.6
--------- --------- ------ ---------- ---------- ------
Total News
Media Group 155,025 179,822 -13.8 539,813 571,702 -5.6
About Group
(b) 9,430 7,106 +32.7 29,231 21,788 +34.2
--------- --------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations 164,455 186,929 -12.0 569,043 593,490 -4.1
Circulation
Revenues 68,121 67,724 +0.6 225,344 219,536 +2.6
Other Revenues
(c) 22,258 22,921 -2.9 71,368 67,628 +5.5
--------- --------- ------ ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $254,834 $277,573 -8.2 $865,755 $880,654 -1.7
========= ========= ====== ========== ========== ======
Discontinued
Operations:
Broadcast
Media Group
(d) 0 10,752 N/A 0 46,824 N/A
----------------------------------------------------------------------
Full Year
-----------------------------
%
2007 2006 Change
---------- ---------- ------
(52 weeks) (52 weeks)
Advertising Revenues
News Media
National $945,480 $921,458 +2.6
Retail 451,621 487,142 -7.3
Classified 489,221 573,324 -14.7
Other Ad Revenue 63,699 64,186 -0.8
---------- ---------- ------
Total News Media Group 1,950,021 2,046,110 -4.7
About Group (b) 97,447 74,984 +30.0
---------- ---------- ------
Total Ad Revenues from Continuing
Operations 2,047,468 2,121,094 -3.5
Circulation Revenues 889,882 874,529 +1.8
Other Revenues (c) 257,727 243,450 +5.9
---------- ---------- ------
Total Company Revenues from Continuing
Operations $3,195,077 $3,239,073 -1.4
========== ========== ======
Discontinued Operations: Broadcast Media
Group (d) 46,702 154,366 N/A
----------------------------------------------------------------------
(a) Due to the Company's fiscal calendar 2006 included an additional
week. For purposes of this comparison, 2006 excludes the additional
week. 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, commercial printing, advertising service
revenue, digital archives, TimesSelect (for periods before October
2007), Baseline StudioSystems and rental income.
(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)
----------------------------------------------------------------------
December Fourth Quarter
-------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
--------- --------- ------ ---------- ---------- ------
(4 weeks) (5 weeks) (13 weeks) (14 weeks)
News Media
Group
New York
Times Media
Group $101,954 $135,562 -24.8 $355,037 $383,083 -7.3
New England
Media Group 28,149 41,050 -31.4 99,764 118,174 -15.6
Regional
Media Group 24,922 34,642 -28.1 85,012 101,877 -16.6
--------- --------- ------ ---------- ---------- ------
Total News
Media Group 155,025 211,255 -26.6 539,813 603,134 -10.5
About Group
(b) 9,430 8,516 +10.7 29,231 23,198 +26.0
--------- --------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations $164,455 $219,771 -25.2 $569,043 $626,332 -9.1
========= ========= ====== ========== ========== ======
Discontinued
Operations:
Broadcast
Media Group
(c) 0 12,899 N/A 0 48,597 N/A
----------------------------------------------------------------------
Full Year
-----------------------------
%
2007 2006 Change
---------- ---------- ------
(52 weeks) (53 weeks)
News Media Group
New York Times Media Group $1,222,811 $1,268,592 -3.6
New England Media Group 389,178 425,743 -8.6
Regional Media Group 338,032 383,207 -11.8
---------- ---------- ------
Total News Media Group 1,950,021 2,077,542 -6.1
About Group (b) 97,447 76,394 +27.6
---------- ---------- ------
Total Ad Revenues from Continuing
Operations $2,047,468 $2,153,936 -4.9
========== ========== ======
Discontinued Operations: Broadcast Media
Group (c) 45,745 154,266 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
$575 million.
THE NEW YORK TIMES COMPANY
2007 ADVERTISING REVENUES
EXCLUDING THE ADDITIONAL WEEK (a)
($ 000's)
----------------------------------------------------------------------
December Fourth Quarter
-------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
--------- --------- ----------------- ---------- ------
(4 weeks) (4 weeks) (13 weeks) (13 weeks)
News Media
Group
New York
Times Media
Group $101,954 $117,546 -13.3 $355,037 $365,067 -2.7
New England
Media Group 28,149 34,185 -17.7 99,764 111,309 -10.4
Regional
Media Group 24,922 28,091 -11.3 85,012 95,326 -10.8
--------- --------- ------ ---------- ---------- ------
Total News
Media Group 155,025 179,822 -13.8 539,813 571,702 -5.6
About Group
(b) 9,430 7,106 +32.7 29,231 21,788 +34.2
--------- --------- ------ ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations $164,455 $186,929 -12.0 $569,043 $593,490 -4.1
========= ========= ====== ========== ========== ======
Discontinued
Operations:
Broadcast
Media Group
(c) 0 10,487 N/A 0 46,185 N/A
----------------------------------------------------------------------
Full Year
-----------------------------
%
2007 2006 Change
----------- ---------- ------
(52 weeks) (52 weeks)
News Media Group
New York Times Media Group $1,222,811 $1,250,576 -2.2
New England Media Group 389,178 418,878 -7.1
Regional Media Group 338,032 376,656 -10.3
---------- ---------- ------
Total News Media Group 1,950,021 2,046,110 -4.7
About Group (b) 97,447 74,984 +30.0
---------- ---------- ------
Total Ad Revenues from Continuing
Operations $2,047,468 $2,121,094 -3.5
========== ========== ======
Discontinued Operations: Broadcast Media
Group (c) 45,745 151,854 N/A
----------------------------------------------------------------------
(a) Due to the Company's fiscal calendar 2006 included an additional
week. For purpose of this comparison, 2006 excludes the additional
week. 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
(2006 Includes the Additional Week)
----------------------------------------------------------------------
% Change % Change % Change
Dec '07 Q4 '07 2007
vs. Dec '06 vs. Q4 '06 vs. 2006
-------------------------------
Help Wanted -52.2 -29.1 -15.6
Real Estate -39.9 -26.6 -20.2
Automotive -32.5 -24.1 -18.6
Other -17.3 +0.7 +7.6
-------------------------------
Total Classified -38.3 -23.4 -15.5
----------------------------------------------------------------------
THE NEW YORK TIMES COMPANY
2007 PRINT ADVERTISING VOLUME (a)
(Inches in thousands, Preprints in thousands of copies)
----------------------------------------------------------------------
December Fourth Quarter
----------------------------------------------------------------------
% %
2007 2006 Change 2007 2006 Change
--------- --------- ------ ---------- ---------- ------
(4 weeks) (5 weeks) (13 weeks) (14 weeks)
National 183.3 273.0 -32.9 632.6 736.5 -14.1
Retail 481.8 677.2 -28.9 1,569.7 1,853.1 -15.3
Classified 450.9 745.2 -39.5 1,607.9 2,299.1 -30.1
--------- --------- ------ ---------- ---------- ------
Total ROP 1,116.0 1,695.4 -34.2 3,810.2 4,888.7 -22.1
--------- --------- ------ ---------- ---------- ------
Part Run/
Zoned 118.6 160.7 -26.2 419.2 531.2 -21.1
--------- --------- ------ ---------- ---------- ------
Total 1,234.6 1,856.1 -33.5 4,229.4 5,419.9 -22.0
========= ========= ====== ========== ========== ======
Preprints 269,931 339,897 -20.6 834,046 903,182 -7.7
----------------------------------------------------------------------
Full Year
----------------------------------------------------------------------
%
2007 2006 Change
---------- ---------- ------
(52 weeks) (53 weeks)
National 2,200.5 2,399.5 -8.3
Retail 5,772.5 6,396.3 -9.8
Classified 7,735.3 9,509.4 -18.7
---------- ---------- ------
Total ROP 15,708.3 18,305.2 -14.2
---------- ---------- ------
Part Run/ Zoned 1,670.1 1,989.8 -16.1
---------- ---------- ------
Total 17,378.4 20,295.0 -14.4
========== ========== ======
Preprints 2,829,002 2,963,946 -4.6
----------------------------------------------------------------------
(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
RECONCILIATION OF 2006 TOTAL REVENUES EXCLUDING THE ADDITIONAL
WEEK (a)
The Company's 2006 fiscal December, fourth quarter and year included
an additional week (5 weeks, 14 weeks and 53 weeks) compared with the
2007 fiscal December, fourth quarter and year (4 weeks, 13 weeks and
52 weeks). This release includes revenues excluding the effect of the
additional week (a non-GAAP financial measure). The Company believes
that these measures are more indicative of ongoing performance. These
measures should be considered in addition to results prepared in
accordance with GAAP, but should not be considered a substitute for
or superior to GAAP results. Reconciliations of these items to the
most directly comparable GAAP item are below.
----------------------------------------------------------------------
2006 Total Revenues
($ 000's)
December
-----------------------------------------
2006 Additional 2006 % Change
As Reported Week Adjusted vs. 2007
----------- ---------- --------- --------
(5 weeks) (4 weeks)
Advertising Revenues
News Media
National $105,429 $(16,731) $88,698 -8.2
Retail 60,790 (8,271) 52,519 -14.6
Classified 38,603 (5,329) 33,274 -28.4
Other Ad Revenue 6,434 (1,102) 5,332 -7.7
----------- ---------- --------- --------
Total News Media Group 211,255 (31,432) 179,822 -13.8
About Group 8,516 (1,410) 7,106 +32.7
----------- ---------- --------- --------
Total Ad Revenues from
Continuing Operations 219,771 (32,842) 186,929 -12.0
Circulation Revenues 82,917 (15,193) 67,724 +0.6
Other Revenues 25,716 (2,795) 22,921 -2.9
----------- ---------- --------- --------
Total Revenues from
Continuing Operations $328,403 $(50,830) $277,573 -8.2
=========== ========== ========= ========
Discontinued Operations:
Broadcast Media Group (b) 13,177 (2,425) 10,752 N/A
----------------------------------------------------------------------
Fourth Quarter
-------------------------------------------
2006 Additional 2006 % Change
As Reported Week Adjusted vs. 2007
----------- ---------- ---------- --------
(14 weeks) (13 weeks)
Advertising Revenues
News Media
National $293,530 $(16,731) $276,799 +2.4
Retail 157,961 (8,271) 149,691 -8.2
Classified 132,425 (5,329) 127,096 -20.2
Other Ad Revenue 19,218 (1,102) 18,116 -3.6
----------- ---------- ---------- --------
Total News Media Group 603,134 (31,432) 571,702 -5.6
About Group 23,198 (1,410) 21,788 +34.2
----------- ---------- ---------- --------
Total Ad Revenues from
Continuing Operations 626,332 (32,842) 593,490 -4.1
Circulation Revenues 234,729 (15,193) 219,536 +2.6
Other Revenues 70,423 (2,795) 67,628 +5.5
----------- ---------- ---------- --------
Total Revenues from
Continuing Operations $931,484 $(50,830) $880,654 -1.7
=========== ========== ========== ========
Discontinued Operations:
Broadcast Media Group (b) 49,249 (2,425) 46,824 N/A
----------------------------------------------------------------------
Full Year
-------------------------------------------
2006 Additional 2006 % Change
As Reported Week Adjusted vs. 2007
----------- ---------- ---------- --------
(53 weeks) (52 weeks)
Advertising Revenues
News Media
National $938,189 $(16,731) $921,458 +2.6
Retail 495,413 (8,271) 487,142 -7.3
Classified 578,653 (5,329) 573,324 -14.7
Other Ad Revenue 65,287 (1,102) 64,186 -0.8
----------- ---------- ---------- --------
Total News Media Group 2,077,542 (31,432) 2,046,110 -4.7
About Group 76,394 (1,410) 74,984 +30.0
----------- ---------- ---------- --------
Total Ad Revenues from
Continuing Operations 2,153,936 (32,842) 2,121,094 -3.5
Circulation Revenues 889,722 (15,193) 874,529 +1.8
Other Revenues 246,245 (2,795) 243,450 +5.9
----------- ---------- ---------- --------
Total Revenues from
Continuing Operations $3,289,903 $(50,830) $3,239,073 -1.4
=========== ========== ========== ========
Discontinued Operations:
Broadcast Media Group (b) 156,791 (2,425) 154,366 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) In 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
$575 million.
THE NEW YORK TIMES COMPANY
RECONCILIATION OF 2006 ADVERTISING REVENUES EXCLUDING THE ADDITIONAL
WEEK (a)
The Company's 2006 fiscal December, fourth quarter and year included
an additional week (5 weeks, 14 weeks and 53 weeks) compared with the
2007 fiscal December, fourth quarter and year (4 weeks, 13 weeks and
52 weeks). This release includes revenues excluding the effect of the
additional week (a non-GAAP financial measure). The Company believes
that these measures are more indicative of ongoing performance. These
measures should be considered in addition to results prepared in
accordance with GAAP, but should not be considered a substitute for
or superior to GAAP results. Reconciliations of these items to the
most directly comparable GAAP item are below.
----------------------------------------------------------------------
2006 Advertising Revenue
($ 000's)
December
-----------------------------------------
2006 Additional 2006 % Change
As Reported Week Adjusted vs. 2007
----------- ---------- --------- --------
(5 weeks) (4 weeks)
News Media Group
New York Times Media Group $135,562 $(18,016) $117,546 -13.3
New England Media Group 41,050 (6,865) 34,185 -17.7
Regional Media Group 34,642 (6,551) 28,091 -11.3
----------- ---------- --------- --------
Total News Media Group (b) 211,255 (31,432) 179,822 -13.8
About Group 8,516 (1,410) 7,106 +32.7
----------- ---------- --------- --------
Total Ad Revenues from
Continuing Operations $219,771 $(32,842) $186,929 -12.0
=========== ========== ========= ========
Discontinued Operations:
Broadcast Media Group (c) 12,899 (2,412) 10,487 N/A
----------------------------------------------------------------------
Fourth Quarter
-------------------------------------------
2006 Additional 2006 % Change
As Reported Week Adjusted vs. 2007
----------- ---------- ---------- --------
(14 weeks) (13 weeks)
News Media Group
New York Times Media
Group $383,083 $(18,016) $365,067 -2.7
New England Media Group 118,174 (6,865) 111,309 -10.4
Regional Media Group 101,877 (6,551) 95,326 -10.8
----------- ---------- ---------- --------
Total News Media Group (b) 603,134 (31,432) 571,702 -5.6
About Group 23,198 (1,410) 21,788 +34.2
----------- ---------- ---------- --------
Total Ad Revenues from
Continuing Operations $626,332 $(32,842) $593,490 -4.1
=========== ========== ========== ========
Discontinued Operations:
Broadcast Media Group (c) 48,597 (2,412) 46,185 N/A
----------------------------------------------------------------------
Full Year
-------------------------------------------
2006 Additional 2006 % Change
As Reported Week Adjusted vs. 2007
----------- ---------- ---------- --------
(53 weeks) (52 weeks)
News Media Group
New York Times Media
Group $1,268,592 $(18,016) $1,250,576 -2.2
New England Media Group 425,743 (6,865) 418,878 -7.1
Regional Media Group 383,207 (6,551) 376,656 -10.3
----------- ---------- ---------- --------
Total News Media Group (b) 2,077,542 (31,432) 2,046,110 -4.7
About Group 76,394 (1,410) 74,984 +30.0
----------- ---------- ---------- --------
Total Ad Revenues from
Continuing Operations $2,153,936 $(32,842) $2,121,094 -3.5
=========== ========== ========== ========
Discontinued Operations:
Broadcast Media Group (c) 154,266 (2,412) 151,854 N/A
----------------------------------------------------------------------
(a) Numbers may not add due to rounding.
(b) Internet advertising revenues included in the News Media Group
were $17.4 million in December 2007 compared with $17.0 million in
December 2006 and $14.4 million in December 2006 excluding the
additional week.
(c) In 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.
SOURCE: The New York Times Company
The New York Times Company
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
or
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com
