EX-25.1 7 a2085323zex-25_1.htm EXHIBIT 25.1
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Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)

JPMORGAN CHASE BANK
(Exact name of trustee as specified in its charter)

New York   13-4994650
(State of incorporation
if not a national bank)		   (I.R.S. employer
identification No.)

270 Park Avenue
New York, New York
 
10017
(Address of principal executive offices)   (Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)

The New York Times Company
(Exact name of obligor as specified in its charter)

New York   13-1102020
(State or other jurisdiction of
incorporation or organization)		   (I.R.S. employer
identification No.)

229 West 43rd Street
New York, NY
 
10036
(Address of principal executive offices)   (Zip Code)

Debt Securities
(Title of the indenture securities)


GENERAL

Item 1. General Information.

        Furnish the following information as to the trustee:

            (a) Name and address of each examining or supervising authority to which it is subject.

        New York State Banking Department, State House, Albany, New York 12110.

        Board of Governors of the Federal Reserve System, Washington, D.C., 20551

        Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.

        Federal Deposit Insurance Corporation, Washington, D.C., 20429.

            (b) Whether it is authorized to exercise corporate trust powers.

        Yes.

Item 2. Affiliations with the Obligor and Guarantors.

        If the obligor or any Guarantor is an affiliate of the trustee, describe each such affiliation.

        None.

Item 16. List of Exhibits

        List below all exhibits filed as a part of this Statement of Eligibility.

        1.    A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

        2.    A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

        3.    None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.

        4.    A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

        5.    Not applicable.

        6.    The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

        7.    A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

        8.    Not applicable.

        9.    Not applicable.

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SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 23rd day of July, 2002.

    JPMORGAN CHASE BANK

 
 
By:
 
/s/  R. LORENZEN      
R. Lorenzen
 Assistant Vice President

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Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 2002, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

 
   Dollar Amounts
in Millions
  
ASSETS  
Cash and balances due from depository institutions:        
  Noninterest-bearing balances and currency and coin   $ 22,028  
  Interest-bearing balances     9,189  
Securities:        
Held to maturity securities     428  
Available for sale securities     56,159  
Federal funds sold and securities purchased under agreements to resell        
  Federal funds sold in domestic offices     1,901  
  Securities purchased under agreements to resell     69,260  
Loans and lease financing receivables:        
  Loans and leases held for sale     13,042  
  Loans and leases, net of unearned income   $ 165,950  
  Less: Allowance for loan and lease losses     3,284  
  Loans and leases, net of unearned income and allowance     162,666  
Trading Assets     152,633  
Premises and fixed assets (including capitalized leases)     5,737  
Other real estate owned     43  
Investments in unconsolidated subsidiaries and associated companies     366  
Customers' liability to this bank on acceptances outstanding     306  
Intangible assets        
  Goodwill     1,908  
  Other Intangible assets     7,218  
Other assets     38,458  
TOTAL ASSETS   $ 541,342  
   
 
LIABILITIES  
Deposits        
  In domestic offices   $ 151,985  
  Noninterest-bearing   $ 66,567  
  Interest-bearing     85,418  
  In foreign offices, Edge and Agreement subsidiaries and IBF's     119,955  
  Noninterest-bearing   $ 6,741  

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  Interest-bearing     113,214  
Federal funds purchased and securities sold under agree-ments to repurchase:        
  Federal funds purchased in domestic offices     12,983  
  Securities sold under agreements to repurchase     82,618  
Trading liabilities     94,099  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)     10,234  
Bank's liability on acceptances executed and outstanding     311  
Subordinated notes and debentures     9,679  
Other liabilities     25,609  
TOTAL LIABILITIES     507,473  
Minority Interest in consolidated subsidiaries     109  
EQUITY CAPITAL  
Perpetual preferred stock and related surplus     0  
Common stock     1,785  
Surplus (exclude all surplus related to preferred stock)     16,304  
Retained earnings     16,548  
Accumulated other comprehensive income     (877 )
Other equity capital components     0  
TOTAL EQUITY CAPITAL     33,760  
   
 
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL   $ 541,342  
   
 

I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

JOSEPH L. SCLAFANI

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the in-structions issued by the appropriate Federal regulatory authority and is true and correct.


 
WILLIAM B. HARRISON, JR.
 
)
 
 
  HELENE L. KAPLAN   )   DIRECTORS
  H.W. BECHERER   )    

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