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NEW YORK--(BUSINESS WIRE)--The New York Times Company announced today that in December total
Company revenues from continuing operations decreased 9.1% compared with
the same month a year ago. Advertising revenues decreased 15.7% and
circulation revenues increased 3.0%. All comparisons are for December 2008 to December 2007 unless otherwise
noted: News Media Group Advertising revenues for the News Media Group declined 15.8%.
The New York Times Media Group – Advertising revenues for The New
York Times Media Group decreased 14.1%. National advertising revenues
decreased as weakness in the studio entertainment, financial services,
telecommunications and technology products categories was partially
offset by strong growth in corporate advertising. Retail advertising
revenues declined mainly due to decreases in department store
advertising. Classified advertising revenues were down because of
weakness in real estate, help-wanted and automotive advertising.
New England Media Group – Advertising revenues for the New
England Media Group decreased 18.2%. National advertising revenues were
lower mainly because of decreases in the telecommunications, studio
entertainment, media and financial services categories. Retail
advertising revenues declined primarily due to weakness in the
department and other stores, furniture/home furnishing and
jewelry/luggage categories. Classified advertising revenues were lower
due to softness in real estate, help-wanted and automotive advertising.
Regional Media Group – Advertising revenues for the Regional
Media Group decreased 20.3%. Retail advertising revenues were down
mainly because of declines in the home furnishing, telecommunication,
specialty store and grocery categories. Classified advertising revenues
decreased due to weakness in automotive, help-wanted and real estate
advertising. Internet advertising revenues included in the News Media Group decreased
12.3% in December because of weakness in both display and online
classified advertising. In the fourth quarter, Internet advertising
revenues included in the News Media Group were down 3.2% compared with
the 2007 fourth quarter, as declines in the online classified categories
offset modest growth in display advertising. For the year, Internet
advertising revenues included in the News Media Group were up 8.7%
compared with 2007, as growth in display advertising offset decreases in
online recruitment advertising. Circulation revenues for the News Media Group grew 3.0% as The New York
Times, New England and Regional Media Groups all benefited from higher
prices. About Group Advertising revenues at the About Group (which includes the Web sites of
About.com, ConsumerSearch.com, UCompareHealthCare.com and
Caloriecount.about.com) decreased 13.2% in December because of declines
in display and cost-per-click advertising. For the 2008 full year,
advertising revenues at the About Group increased 10.4% compared with
the same period in 2007, as growth in cost-per-click advertising offset
modest declines in display advertising. Other Data Internet Businesses: Internet businesses include NYTimes.com,
About.com, Boston.com and other Company Web sites. Total Internet
revenues decreased 11.4% and Internet advertising revenues decreased
12.7% in December. In total, Internet businesses accounted for 11.7% of
total revenues in December versus 12.0% in December 2007. For the 2008 fourth quarter, total Internet revenues decreased 2.9% and
Internet advertising revenues decreased 3.5%. In total, Internet
businesses accounted for 12.0% of total revenues in the fourth quarter
versus 11.0% in 2007 fourth quarter. For 2008, total Internet revenues
rose 6.5% and Internet advertising revenues increased 9.3% compared with
2007. In total, Internet businesses accounted for 11.9% of total
revenues in 2008 versus 10.3% in 2007. In addition, The New York Times Company had the 12th largest presence on
the Web, with 50.8 million unique visitors in the United States in
December 2008 according to Nielsen Online, up about 4% from 48.7 million
unique visitors in December 2007. Also according to Nielsen Online,
NYTimes.com had 18.2 million unique visitors in December versus 17.2
million in December 2007, up about 6%, 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 - News), a leading media company with
2008 revenues of $2.9 billion, includes The New York Times, the
International Herald Tribune, The Boston Globe, 16 other daily
newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com,
Boston.com and About.com. The Company’s core purpose is to enhance
society by creating, collecting and distributing high-quality news,
information and entertainment.
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THE NEW YORK TIMES COMPANY
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2008 TOTAL COMPANY REVENUES (a)
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($ 000's)
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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December
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Full Year
|
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|
|
|
|
|
|
%
|
|
|
|
|
|
%
|
|
|
|
2008
|
|
2007
|
|
Change
|
|
2008
|
|
2007
|
|
Change
|
|
Advertising Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
News Media
|
|
|
|
|
|
|
|
|
|
|
|
|
|
National
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$
|
70,303
|
|
$
|
81,455
|
|
-13.7
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|
$
|
857,616
|
|
$
|
945,480
|
|
-9.3
|
|
Retail
|
|
|
38,861
|
|
|
44,833
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|
-13.3
|
|
|
397,949
|
|
|
451,621
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-11.9
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Classified
|
|
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16,992
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|
|
23,817
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-28.7
|
|
|
357,867
|
|
|
489,221
|
|
-26.8
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Other Ad Revenue
|
|
|
4,315
|
|
|
4,920
|
|
-12.3
|
|
|
58,727
|
|
|
63,699
|
|
-7.8
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Total News Media Group
|
|
|
130,470
|
|
|
155,025
|
|
-15.8
|
|
|
1,672,159
|
|
|
1,950,021
|
|
-14.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About Group
|
|
|
8,182
|
|
|
9,430
|
|
-13.2
|
|
|
107,540
|
|
|
97,447
|
|
+10.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total Ad Revenues from Continuing Operations
|
|
|
138,652
|
|
|
164,455
|
|
-15.7
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|
|
1,779,699
|
|
|
2,047,468
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|
-13.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Circulation Revenues
|
|
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70,156
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|
|
68,121
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+3.0
|
|
|
910,154
|
|
|
889,882
|
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+2.3
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Other Revenues (b)
|
|
|
22,715
|
|
|
22,258
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+2.1
|
|
|
259,003
|
|
|
257,727
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|
+0.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total Company Revenues from Continuing Operations
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$
|
231,523
|
|
$
|
254,834
|
|
-9.1
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|
$
|
2,948,856
|
|
$
|
3,195,077
|
|
-7.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Discontinued Operations: Broadcast Media Group (c)
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0
|
|
|
0
|
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N/A
|
|
|
0
|
|
|
46,702
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N/A
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(a) Numbers may not add due to rounding.
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|
|
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(b) Primarily includes revenues from news
services/syndication, commercial printing, digital archives, direct
mail advertising services, rental income and wholesale delivery
operations, which the Company closed in January 2009.
|
|
|
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(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 $575 million.
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|
THE NEW YORK TIMES COMPANY
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2008 TOTAL COMPANY REVENUES (a)
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($ 000's)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fourth Quarter
|
|
|
|
|
|
|
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%
|
|
|
|
2008
|
|
2007
|
|
Change
|
|
Advertising Revenues
|
|
|
|
|
|
|
|
News Media
|
|
|
|
|
|
|
|
National
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|
$
|
241,142
|
|
$
|
283,424
|
|
-14.9
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|
Retail
|
|
|
116,760
|
|
|
137,441
|
|
-15.0
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Classified
|
|
|
68,137
|
|
|
101,485
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|
-32.9
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Other Ad Revenue
|
|
|
14,709
|
|
|
17,462
|
|
-15.8
|
|
Total News Media Group
|
|
|
440,749
|
|
|
539,813
|
|
-18.4
|
|
|
|
|
|
|
|
|
|
About Group
|
|
|
28,038
|
|
|
29,231
|
|
-4.1
|
|
|
|
|
|
|
|
|
|
Total Ad Revenues from Continuing Operations
|
|
|
468,787
|
|
|
569,043
|
|
-17.6
|
|
|
|
|
|
|
|
|
|
Circulation Revenues
|
|
|
233,668
|
|
|
225,344
|
|
+3.7
|
|
Other Revenues (b)
|
|
|
69,599
|
|
|
71,368
|
|
-2.5
|
|
|
|
|
|
|
|
|
|
Total Company Revenues from Continuing Operations
|
|
$
|
772,054
|
|
$
|
865,755
|
|
-10.8
|
|
|
|
|
|
|
|
|
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Discontinued Operations: Broadcast Media Group (c)
|
|
|
0
|
|
|
0
|
|
N/A
|
|
(a) Numbers may not add due to rounding.
|
|
|
|
|
|
(b) Primarily includes revenues from news
services/syndication, commercial printing, digital archives, direct
mail advertising services, rental income and wholesale delivery
operations, which the Company closed in January 2009.
|
|
|
|
(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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December
|
|
Full Year
|
|
|
|
|
|
|
|
%
|
|
|
|
|
|
%
|
|
|
|
2008
|
|
2007
|
|
Change
|
|
2008
|
|
2007
|
|
Change
|
|
News Media Group
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Times Media Group
|
|
$
|
87,595
|
|
$
|
101,954
|
|
-14.1
|
|
$
|
1,076,582
|
|
$
|
1,222,811
|
|
-12.0
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|
New England Media Group
|
|
|
23,021
|
|
|
28,149
|
|
-18.2
|
|
|
319,114
|
|
|
389,178
|
|
-18.0
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|
Regional Media Group
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|
|
19,854
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|
|
24,922
|
|
-20.3
|
|
|
276,463
|
|
|
338,032
|
|
-18.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total News Media Group
|
|
|
130,470
|
|
|
155,025
|
|
-15.8
|
|
|
1,672,159
|
|
|
1,950,021
|
|
-14.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About Group
|
|
|
8,182
|
|
|
9,430
|
|
-13.2
|
|
|
107,540
|
|
|
97,447
|
|
+10.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Ad Revenues from Continuing Operations
|
|
$
|
138,652
|
|
$
|
164,455
|
|
-15.7
|
|
$
|
1,779,699
|
|
$
|
2,047,468
|
|
-13.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Discontinued Operations: Broadcast Media Group (b)
|
|
|
0
|
|
|
0
|
|
N/A
|
|
|
0
|
|
|
45,745
|
|
N/A
|
|
(a) Numbers may not add due to rounding.
|
|
|
|
(b) 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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fourth Quarter
|
|
|
|
|
|
|
|
%
|
|
|
|
2008
|
|
2007
|
|
Change
|
|
News Media Group
|
|
|
|
|
|
|
|
New York Times Media Group
|
|
$
|
294,975
|
|
$
|
355,037
|
|
-16.9
|
|
New England Media Group
|
|
|
78,523
|
|
|
99,764
|
|
-21.3
|
|
Regional Media Group
|
|
|
67,251
|
|
|
85,012
|
|
-20.9
|
|
|
|
|
|
|
|
|
|
Total News Media Group
|
|
|
440,749
|
|
|
539,813
|
|
-18.4
|
|
|
|
|
|
|
|
|
|
About Group
|
|
|
28,038
|
|
|
29,231
|
|
-4.1
|
|
|
|
|
|
|
|
|
|
Total Ad Revenues from Continuing Operations
|
|
$
|
468,787
|
|
$
|
569,043
|
|
-17.6
|
|
|
|
|
|
|
|
|
|
Discontinued Operations: Broadcast Media Group (b)
|
|
|
0
|
|
|
0
|
|
N/A
|
|
(a) Numbers may not add due to rounding.
|
|
|
|
|
(b) 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
|
|
|
|
Dec. '08
|
|
Q4 '08
|
|
2008
|
|
|
|
vs. Dec. '07
|
|
vs. Q4 '07
|
|
vs. 2007
|
|
|
|
|
|
|
|
|
|
Help-Wanted
|
|
-41.4
|
|
-45.1
|
|
-37.7
|
|
Real Estate
|
|
-33.1
|
|
-33.9
|
|
-27.6
|
|
Automotive
|
|
-21.6
|
|
-30.2
|
|
-22.9
|
|
Other
|
|
-15.9
|
|
-15.5
|
|
-8.3
|
|
Total Classified
|
|
-28.7
|
|
-32.9
|
|
-26.8
|
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
This press release can be downloaded from www.nytco.com |
