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Segment Information
9 Months Ended
Sep. 25, 2011
Segment Reporting [Abstract] 
Segment Information
SEGMENT INFORMATION

Our reportable segments consist of the News Media Group and the About Group. These segments are evaluated regularly by key management in assessing performance and allocating resources.

Below is a description of our reportable segments:

News Media Group

The News Media Group consists of The New York Times Media Group, which includes The New York Times, the International Herald Tribune, NYTimes.com, and related businesses; the New England Media Group, which includes the Globe, BostonGlobe.com, Boston.com, the Worcester Telegram & Gazette, Telegram.com, and related businesses; and the Regional Media Group, which includes 14 daily newspapers in Alabama, California, Florida, Louisiana, North Carolina and South Carolina, their Web sites, other print publications and related businesses.

About Group

The About Group consists of About.com, ConsumerSearch.com, CalorieCount.com and related businesses. In February 2011, we sold UCompareHealthCare.com.

 Our Statements of Operations by segment and Corporate were as follows:

 
 
For the Quarters Ended
 
For the Nine Months Ended
(In thousands)
 
September 25,
2011
 
September 26,
2010
 
September 25,
2011
 
September 26,
2010
Revenues
 
 
 
 
 
 
 
 
News Media Group
 
$
511,511

 
$
521,868

 
$
1,595,731

 
$
1,630,935

About Group
 
25,724

 
32,465

 
84,710

 
100,852

Total
 
$
537,235

 
$
554,333

 
$
1,680,441

 
$
1,731,787

Operating profit/(loss)
 
 
 
 
 
 
 
 
News Media Group(1)
 
$
30,020

 
$
6,046

 
$
(55,940
)
 
$
108,914

About Group
 
9,544

 
13,876

 
35,406

 
45,782

Corporate
 
(6,519
)
 
(10,929
)
 
(29,424
)
 
(32,220
)
Total
 
$
33,045

 
$
8,993

 
$
(49,958
)
 
$
122,476

Gain on sale of investments
 
65,273

 
—

 
71,171

 
9,128

(Loss)/income from joint ventures
 
(1,068
)
 
5,482

 
(4,026
)
 
22,271

Premium on debt redemption
 
46,381

 
—

 
46,381

 
—

Interest expense, net
 
20,039

 
20,627

 
69,782

 
61,825

Income/(loss) from continuing operations before income taxes
 
30,830

 
(6,152
)
 
(98,976
)
 
92,050

Income tax expense/(benefit)
 
15,362

 
(2,018
)
 
153

 
50,444

Income/(loss) from continuing operations
 
15,468

 
(4,134
)
 
(99,129
)
 
41,606

(Loss)/income from discontinued operations, net of income taxes
 
—

 
(224
)
 
—

 
13

Net income/(loss)
 
15,468

 
(4,358
)
 
(99,129
)
 
41,619

Net loss/(income) attributable to the noncontrolling interest
 
217

 
97

 
515

 
(1,054
)
Net income/(loss) attributable to The New York Times Company common stockholders
 
$
15,685

 
$
(4,261
)
 
$
(98,614
)
 
$
40,565


(1) 
In the second quarter of 2011, we recorded a $161.3 million impairment charge, primarily related to goodwill at the Regional Media Group, and a $4.2 million charge for a pension withdrawal obligation under a multiemployer pension plan at the Globe. In the third quarter of 2010, we recorded a $16.1 million impairment charge associated with the Globe's Billerica, Mass., printing facility and a $6.3 million charge for a pension withdrawal obligation under a multiemployer pension plan at the Globe. The Regional Media Group and the Globe are a part of the News Media Group reportable segment.