NEW YORK--(BUSINESS WIRE)--July 23, 2008--The New York Times
Company announced today that in June total Company revenues from
continuing operations decreased 10.0% compared with the same month a
year ago. Advertising revenues decreased 16.4% and circulation
revenues increased 2.1%.
All comparisons are for June 2008 to June 2007 unless otherwise
noted:
News Media Group
Advertising revenues for the News Media Group decreased 17.8%
because of weakness in print advertising.
-- The New York Times Media Group - Advertising revenues for The
New York Times Media Group decreased 18.3%. National
advertising revenues decreased largely due to weakness in
studio entertainment, technology, telecommunications and media
advertising. Retail advertising revenues decreased mainly due
to softness in the department store, mass market, national
retail and cosmetic manufacturers categories. 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 16.6%. National advertising
revenues were lower mainly because of decreases in studio
entertainment, travel, packaged goods/pharmaceutical, banking
and financial services advertising. Retail advertising
revenues decreased primarily due to weakness in the department
store, home improvement, food/drug and furniture/home
furnishing categories. Classified advertising revenues
decreased due to continued softness in help-wanted, real
estate and automotive advertising.
-- Regional Media Group - Advertising revenues for the Regional
Media Group decreased 17.3%. Retail advertising revenues were
down mainly because of decreases in the home furnishings,
telecommunications, department store and medical/dental
categories. 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 21.5% due to growth in display advertising.
Circulation revenues for the News Media Group increased 2.1%.
Revenues increased at The New York Times Media Group, and decreased at
the New England and Regional Media Groups.
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 12.8% due to strong growth in cost-per-click
advertising.
Other Data
Internet Businesses: Total Internet revenues grew 11.7% and
Internet advertising revenues increased 18.6% in June. Internet
businesses include NYTimes.com, About.com, Boston.com and other
Company Web sites. In total, Internet businesses accounted for 13.4%
of total revenues in June versus 10.8% in June 2007.
In addition, The New York Times Company had the 11th largest
presence on the Web, with 47.2 million unique visitors in the United
States in June 2008 according to Nielsen Online, up approximately 10%
from 42.9 million unique visitors in June 2007. Also according to
Nielsen Online, NYTimes.com had 17.7 million unique visitors in June
versus 12.5 million in June 2007, up about 41%, 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 $3.2 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 16 other daily
newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com,
Boston.com and About.com. The Company's core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
This press release can be downloaded from www.nytco.com
THE NEW YORK TIMES COMPANY
2008 TOTAL COMPANY REVENUES (a)
($ 000's)
----------------------------------------------------------------------
June Year to Date
------------------------------------------------------
% %
2008 2007 Change 2008 2007 Change
-------- --------- ------ ---------- ---------- ------
Advertising
Revenues
News Media
National $58,724 $70,548 -16.8 $427,809 $449,146 -4.8
Retail 28,206 32,034 -11.9 194,681 216,989 -10.3
Classified 30,324 40,748 -25.6 206,952 270,578 -23.5
Other Ad
Revenue 4,378 4,644 -5.7 30,360 31,814 -4.6
-------- --------- ----- ---------- ---------- ------
Total News
Media Group 121,631 147,973 -17.8 859,802 968,527 -11.2
About Group (b) 8,117 7,199 +12.8 52,914 44,855 +18.0
-------- --------- ----- ---------- ---------- ------
Total Ad
Revenues from
Continuing
Operations 129,749 155,173 -16.4 912,716 1,013,382 -9.9
Circulation
Revenues 68,183 66,785 +2.1 450,797 441,118 +2.2
Other Revenues
(c) 20,058 20,289 -1.1 126,247 120,463 +4.8
-------- --------- ----- ---------- ---------- ------
Total Company
Revenues from
Continuing
Operations $217,989 $242,247 -10.0 $1,489,760 $1,574,963 -5.4
======== ========= ===== ========== ========== ======
Discontinued
Operations:
Broadcast Media
Group (d) 0 0 N/A 0 46,702 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, digital archives,
direct mail advertising services 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
$575 million.
THE NEW YORK TIMES COMPANY
2008 TOTAL COMPANY REVENUES (a)
($ 000's)
----------------------------------------------------------------------
Second Quarter
---------------------------------------
%
2008 2007 Change
----------- ---------- ----------------
Advertising Revenues
News Media
National $211,368 $224,244 -5.7
Retail 99,254 109,640 -9.5
Classified 101,633 134,471 -24.4
Other Ad Revenue 15,388 16,578 -7.2
----------- ---------- ----------------
Total News Media Group 427,643 484,933 -11.8
About Group (b) 26,734 23,534 +13.6
----------- ---------- ----------------
Total Ad Revenues from
Continuing Operations 454,377 508,467 -10.6
Circulation Revenues 224,168 218,664 +2.5
Other Revenues (c) 63,360 61,812 +2.5
----------- ---------- ----------------
Total Company Revenues from
Continuing Operations $741,905 $788,943 -6.0
=========== ========== ================
Discontinued Operations:
Broadcast Media Group (d) 0 13,798 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, digital archives,
direct mail advertising services 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
$575 million.
THE NEW YORK TIMES COMPANY
2008 ADVERTISING REVENUES (a)
($ 000's)
----------------------------------------------------------------------
June Year to Date
---------------------------------------------------
% %
2008 2007 Change 2008 2007 Change
-------- -------- ------ -------- ---------- ------
News Media Group
New York Times
Media Group $75,989 $93,016 -18.3 $547,606 $596,540 -8.2
New England Media
Group 24,940 29,918 -16.6 166,531 197,576 -15.7
Regional Media
Group 20,702 25,040 -17.3 145,665 174,411 -16.5
-------- -------- ------ -------- ---------- ------
Total News Media
Group 121,631 147,973 -17.8 859,802 968,527 -11.2
About Group (b) 8,117 7,199 +12.8 52,914 44,855 +18.0
-------- -------- ------ -------- ---------- ------
Total Ad Revenues
from Continuing
Operations $129,749 $155,173 -16.4 $912,716 $1,013,382 -9.9
======== ======== ====== ======== ========== ======
Discontinued
Operations:
Broadcast Media
Group (c) 0 0 N/A 0 45,745 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
$575 million.
THE NEW YORK TIMES COMPANY
2008 ADVERTISING REVENUES (a)
($ 000's)
----------------------------------------------------------------------
Second Quarter
-------------------------
%
2008 2007 Change
--------- -------- ------
News Media Group
New York Times Media Group $270,906 $299,394 -9.5
New England Media Group 85,153 100,334 -15.1
Regional Media Group 71,584 85,205 -16.0
--------- -------- ------
Total News Media Group 427,643 484,933 -11.8
About Group (b) 26,734 23,534 +13.6
--------- -------- ------
Total Ad Revenues from Continuing Operations $454,377 $508,467 -10.6
========= ======== ======
Discontinued Operations: Broadcast Media
Group (c) 0 13,516 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
2008 NEWS MEDIA GROUP AD REVENUE GROWTH
BY CLASSIFIED CATEGORY
---------------------------------------------------------------------
% Change % Change % Change
June '08 Q2 '08 YTD '08
vs. June '07 vs. Q2 '07 vs. YTD '07
--------------------------------------
Help-Wanted -37.8 -36.3 -34.0
Real Estate -26.8 -23.1 -24.4
Automotive -18.9 -21.9 -19.6
Other -3.7 -6.4 -2.5
--------------------------------------
Total Classified -25.6 -24.4 -23.5
---------------------------------------------------------------------
CONTACT: The New York Times Company
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com
SOURCE: The New York Times Company
