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Segment Information
 6 Months Ended
Jun. 24, 2012
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 Times, the International Herald Tribune, NYTimes.com, and related businesses; and the New England Media Group, which includes the Globe, BostonGlobe.com, Boston.com, the T&G, Telegram.com, and related businesses.

About Group

The About Group consists of About.com, ConsumerSearch.com, CalorieCount.com and related businesses.

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

 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands)
 
June 24,
2012
 
June 26,
2011
 
June 24,
2012
 
June 26,
2011
Revenues
 
 
 
 
 
 
 
 
News Media Group
 
$
489,802

 
$
484,144

 
$
965,234

 
$
953,666

About Group
 
25,410

 
27,844

 
49,354

 
58,986

Total
 
$
515,212

 
$
511,988

 
$
1,014,588

 
$
1,012,652

Operating profit/(loss)
 
 
 
 
 
 
 
 
News Media Group(1)
 
$
52,211

 
$
29,422

 
$
75,285

 
$
55,298

About Group(2)
 
(186,827
)
 
11,475

 
(179,831
)
 
25,622

Corporate
 
(9,008
)
 
(9,405
)
 
(19,462
)
 
(23,509
)
Total
 
$
(143,624
)
 
$
31,492

 
$
(124,008
)
 
$
57,411

Gain on sale of investments
 
37,797

 
—

 
55,645

 
5,898

Impairment of investments
 
—

 
—

 
4,900

 
—

Income/(loss) from joint ventures
 
1,079

 
2,791

 
1,050

 
(2,958
)
Interest expense, net
 
15,464

 
25,152

 
30,916

 
49,743

(Loss)/income from continuing operations before income taxes
 
(120,212
)
 
9,131

 
(103,129
)
 
10,608

Income tax benefit/(expense)
 
36,541

 
(1,505
)
 
32,465

 
(909
)
(Loss)/income from continuing operations
 
(83,671
)
 
7,626

 
(70,664
)
 
9,699

(Loss)/income from discontinued operations, net of income taxes
 
(4,505
)
 
(127,449
)
 
24,565

 
(124,296
)
Net loss
 
(88,176
)
 
(119,823
)
 
(46,099
)
 
(114,597
)
Net loss attributable to the noncontrolling interest
 
27

 
105

 
80

 
298

Net loss attributable to The New York Times Company common stockholders
 
$
(88,149
)
 
$
(119,718
)
 
$
(46,019
)
 
$
(114,299
)

(1) In the first quarter of 2012, we recorded a $6.7 million charge for accelerated depreciation for certain assets at the T&G’s facility in Millbury, Mass., associated with the consolidation of most of T&G’s printing into the Globe’s facility in Boston, Mass., which was completed early in the second quarter of 2012. In the second quarter of 2011, we recorded a $9.2 million impairment charge for certain assets held for sale at The New York Times Media Group, and a $4.2 million charge for a pension withdrawal obligation under a multiemployer pension plan at the Globe, which are both part of the News Media Group reportable segment.
(2) In the second quarter of 2012, we recorded a $194.7 million estimated non-cash impairment charge for goodwill at the About Group.