Segment Information

12 Months Ended

Dec. 25, 2011

Segment Reporting [Abstract]

Segment Information

Segment Information

Our Company’s 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.

Revenues, operating profit and identifiable assets of foreign operations are not significant. The About Group generated more than 50% of its revenue in 2011 through cost-per-click advertising, which is principally derived from an arrangement with Google.

Below is a description of our Company’s reportable segments:

News Media Group

The News Media Group consists of The New York Times Media Group, which includes The Times, the IHT, 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 16 regional newspapers, other print publications and related businesses in Alabama, California, Florida, Louisiana, North Carolina and South Carolina. See Note 21 for information on the sale of the Regional Media Group in the first quarter of 2012.

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:

(In thousands)	December 25, 2011			December 26, 2010			December 27, 2009
Revenues
News Media Group	$	2,212,575		$	2,257,386		$	2,319,378
About Group	110,826			136,077			121,061
Total	$	2,323,401		$	2,393,463		$	2,440,439
Operating profit/(loss)
News Media Group	$	60,853		$	219,242		$	21,163
About Group	40,674			61,952			50,881
Corporate	(44,820		)	(47,074		)	2,015
Total	$	56,707		$	234,120		$	74,059
Gain on sale of investments	71,171			9,128			—
Income from joint ventures	28			19,035			20,667
Premium on debt redemptions	46,381			—			9,250
Interest expense, net	85,243			85,062			81,701
(Loss)/income from continuing operations before income taxes	(3,718		)	177,221			3,775
Income tax expense	36,506			68,516			2,206
(Loss)/income from continuing operations	(40,224		)	108,705			1,569
Discontinued operations:
Loss from discontinued operations, net of income taxes	—			—			(1,156		)
Gain on sale, net of income taxes	—			13			19,488
Income from discontinued operations, net of income taxes	—			13			18,332
Net (loss)/income	(40,224		)	108,718			19,901
Net loss/(income) attributable to the noncontrolling interest	555			(1,014		)	(10		)
Net (loss)/income attributable to The New York Times Company common stockholders	$	(39,669	)	$	107,704		$	19,891

The News Media Group’s operating profit included:

• 2011 – a $164.4 million charge for the impairment of assets, 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,

• 2010 – a $16.1 million charge for the impairment of assets at the Globe’s printing facility in Billerica, Mass., which was consolidated into the Boston, Mass., printing facility and a $6.3 million charge for an adjustment to estimated pension withdrawal obligations under several multiemployer pension plans at the Globe,

• 2009 – a $78.9 million charge primarily for a pension withdrawal obligation under certain multiemployer pension plans, a $34.6 million charge for loss on leases and the early termination of a third-party printing contract, a $5.2 million gain on sale of assets, a $4.2 million charge for the impairment of assets due to the reduced scope of a systems project, and a $2.7 million curtailment loss.

Corporate’s operating loss included:

• 2011 – a $4.5 million charge for a retirement and consulting agreement in connection with the retirement of our chief executive officer,

• 2009 – a pension curtailment gain of $56.7 million.

See Notes 5, 9 and 11 for additional information regarding these items.

Advertising, circulation and other revenues, by division of the News Media Group, were as follows:

(In thousands)	December 25, 2011		December 26, 2010		December 27, 2009
The New York Times Media Group
Advertising	$	756,148	$	780,424	$	797,298
Circulation	705,163		683,717		683,445
Other	93,263		92,697		101,118
Total	$	1,554,574	$	1,556,838	$	1,581,861
New England Media Group
Advertising	$	198,383	$	213,720	$	230,886
Circulation	157,819		167,360		167,998
Other	41,854		42,809		41,710
Total	$	398,056	$	423,889	$	440,594
Regional Media Group
Advertising	$	161,831	$	177,056	$	192,924
Circulation	78,486		80,416		85,043
Other	19,628		19,187		18,956
Total	$	259,945	$	276,659	$	296,923
Total News Media Group
Advertising	$	1,116,362	$	1,171,200	$	1,221,108
Circulation	941,468		931,493		936,486
Other	154,745		154,693		161,784
Total	$	2,212,575	$	2,257,386	$	2,319,378

Our Company’s segment depreciation and amortization, capital expenditures and assets and Corporate’s capital expenditures and assets reconciled to consolidated amounts were as follows:

(In thousands)	December 25, 2011		December 26, 2010		December 27, 2009
Depreciation and Amortization
News Media Group	$	105,934	$	109,341	$	122,609
About Group	10,520		11,609		11,087
Total	$	116,454	$	120,950	$	133,696
Capital Expenditures
News Media Group	$	34,576	$	26,417	$	38,136
About Group	4,809		4,856		4,339
Corporate	5,142		3,423		2,965
Total	$	44,527	$	34,696	$	45,440
Assets
News Media Group	$	1,619,950	$	1,869,798	$	1,993,482
About Group	417,321		429,509		437,597
Corporate	764,160		851,793		526,066
Investments in joint ventures	82,019		134,641		131,357
WQXR-FM – Discontinued Operations	—		—		55
Total	$	2,883,450	$	3,285,741	$	3,088,557