EX-99.2 3 a5322688ex992.txt THE NEW YORK TIMES EXHIBIT 99.2 Exhibit 99.2 The New York Times Company Reports December Revenues NEW YORK--(BUSINESS WIRE)--Jan. 31, 2007--The New York Times Company announced today that in December 2006 advertising revenues for the Company's business units from continuing operations increased 14.7% and total Company revenues increased 18.9% compared with December 2005. December 2006 included an additional week (5 weeks) compared with the prior December (4 weeks) because of the Company's fiscal calendar. Excluding the additional week, advertising revenues would have decreased 2.5% and total revenues would have increased 0.5%. Reconciliations of revenues excluding the additional week to revenues including the additional week are included in the schedules to this release. "While the advertising market remains difficult, in December the performance at The New York Times Media Group was better than we had seen earlier in the quarter," said Janet L. Robinson, president and CEO. "In January print advertising remains challenging, especially for classified advertising and in categories such as telecommunications and national automotive, where we are experiencing declines. At the same time, we continue to experience healthy gains at our digital properties." All comparisons are for December 2006 to December 2005 unless otherwise noted: The New York Times Media Group - Advertising revenues for The New York Times Media Group increased 14.5%. Excluding the additional week, advertising revenues decreased 0.8%. National advertising revenues decreased as weakness in financial services and national automotive advertising more than offset growth in the advocacy, pharmaceutical and alcoholic beverage categories. Retail advertising revenues decreased due to softness in home furnishing store, department store and fashion/jewelry store advertising. Classified advertising revenues increased as gains in help-wanted and automotive advertising offset weakness in real estate advertising. New England Media Group - Advertising revenues for the New England Media Group increased 5.4%. Excluding the additional week, advertising revenues decreased 12.2%. National advertising revenues decreased because of weakness in telecommunications, national automotive, financial services/banking and travel advertising. Retail advertising revenues decreased due to the consolidation of the group's two largest department store advertisers coupled with softness in jewelry and furniture/home furnishing advertising. Classified advertising revenues decreased because of weakness in automotive, real estate and help-wanted advertising. Regional Media Group - Advertising revenues for the Regional Media Group grew 18.3%. Excluding the additional week, advertising revenues decreased 4.1%. Retail advertising revenues rose due to strength in department store, home furnishing, specialty store and drug store advertising. Classified advertising revenues decreased due to weakness in help-wanted, real estate and automotive advertising. The Internet ad revenues included in the three media groups above rose 53.6% in December due to strong growth in both display and classified advertising. Excluding the additional week, Internet advertising revenues increased 30.2%. TimesSelect, the fee-based product on NYTimes.com that includes The Times's distinctive columnists and extensive access to its archives, currently has over 609,000 subscribers, with about 66% receiving TimesSelect as a benefit of their home-delivery subscriptions and 34% receiving it from online-only subscriptions. In 2006, TimesSelect generated $9.9 million in revenues. Circulation revenues for December increased 27.6% and were up at The New York Times, New England and Regional Media Groups. Excluding the additional week, circulation revenues increased 4.2%. About.com - Advertising revenues at About.com rose 70.4%. Excluding the additional week, advertising revenues increased 42.1%. December's growth was due to increases in both cost-per-click and display advertising. Display advertising increased on strength in the consumer goods, financial services, technology, retail and pharmaceutical categories. About.com's advertising revenues grew an estimated 52% for 2006, based on the previous owner's accounting records before the acquisition date in March 2005 and the Times Company's results after the acquisition date. Excluding the additional week, advertising revenues increased an estimated 49%. Discontinued Operations - The Company has entered into an agreement to sell its Broadcast Media Group, which is now classified under discontinued operations. Revenues for the Broadcast Media Group for December, the fourth quarter and for 2006 and 2005 are included in the tables in this release. The New York Times Company (NYSE: NYT), a leading media company with 2006 revenues of $3.3 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers, nine network-affiliated television stations, two New York City radio stations and 35 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. This press release can be downloaded from www.nytco.com THE NEW YORK TIMES COMPANY 2006 TOTAL COMPANY REVENUES (a) DECEMBER, FOURTH QUARTER AND FULL YEAR ---------------------------------------------------------------------- Total Company Revenues ($ 000's) December --------------------------- % 2006 2005 Change --------- --------- ------ (5 weeks) (4 weeks) Advertising Revenues News Media National $105,429 $90,335 +16.7 Retail 60,790 55,903 +8.7 Classified 38,603 35,638 +8.3 Other Ad Revenue (b) 6,434 4,789 +34.3 --------- --------- Total News Media Group (b) 211,255 186,665 +13.2 About.com (b) 8,516 4,999 +70.4 --------- --------- Total Ad Revenues from Continuing Operations (b) 219,771 191,664 +14.7 Circulation Revenues 82,917 64,995 +27.6 Other Revenues (c) 25,716 19,434 +32.3 --------- --------- Total Company Revenues from Continuing Operations (b) $328,403 $276,093 +18.9 ========= ========= Discontinued Operations: Broadcast Media Group (d) $13,177 $10,931 +20.5 ---------------------------------------------------------------------- Fourth Quarter ----------------------------- % 2006 2005 Change ---------- ---------- ------ (14 weeks) (13 weeks) Advertising Revenues News Media National $293,530 $288,879 +1.6 Retail 157,961 157,152 +0.5 Classified 132,425 138,296 -4.2 Other Ad Revenue (b) 19,218 16,364 +17.4 ---------- ---------- Total News Media Group (b) 603,134 600,691 +0.4 About.com (b) 23,198 15,910 +45.8 ---------- ---------- Total Ad Revenues from Continuing Operations (b) 626,332 616,601 +1.6 Circulation Revenues 234,729 218,004 +7.7 Other Revenues (c) 70,423 58,513 +20.4 ---------- ---------- Total Company Revenues from Continuing Operations (b) $931,484 $893,118 +4.3 ========== ========== Discontinued Operations: Broadcast Media Group (d) $49,249 $37,274 +32.1 ---------------------------------------------------------------------- Full Year ------------------------------- % 2006 2005 Change ----------- ----------- ------- (53 weeks) (52 weeks) Advertising Revenues News Media National $938,189 $948,368 -1.1 Retail 495,413 499,834 -0.9 Classified 578,653 590,502 -2.0 Other Ad Revenue (b) 65,287 58,594 +11.4 ----------- ----------- Total News Media Group (b) 2,077,542 2,097,298 -0.9 About.com (b) 76,394 42,188 N/A ----------- ----------- Total Ad Revenues from Continuing Operations (b) 2,153,936 2,139,486 +0.7 Circulation Revenues 889,722 873,975 +1.8 Other Revenues (c) 246,245 217,667 +13.1 ----------- ----------- Total Company Revenues from Continuing Operations (b) $3,289,903 $3,231,128 +1.8 =========== =========== Discontinued Operations: Broadcast Media Group (d) $156,791 $139,055 +12.8 ---------------------------------------------------------------------- (a) Numbers may not add due to rounding. (b) Other ad revenues for 2005 and About.com for the first quarter of 2006 have been restated to reflect the effect of unrecorded adjustments previously determined to be immaterial. (c) Primarily includes revenues from TimesSelect, commercial printing, wholesale delivery operations, news services, direct marketing, digital archives and Baseline StudioSystems. (d) In September, we announced plans to sell the Broadcast Media Group, and on January 3, 2007, we entered into an agreement to do so. THE NEW YORK TIMES COMPANY 2006 TOTAL REVENUES EXCLUDING THE ADDITIONAL WEEK (a) DECEMBER, FOURTH QUARTER AND FULL YEAR ---------------------------------------------------------------------- 2006 Total Revenues Excluding Additional Week ($ 000's) December ------------------------------- % 2006 2005 Change --------- --------- -------- Advertising Revenues News Media National $88,698 $90,335 -1.8 Retail 52,519 55,903 -6.1 Classified 33,274 35,638 -6.6 Other Ad Revenue (b) 5,332 4,789 +11.3 --------- --------- Total News Media Group (b) 179,822 186,665 -3.7 About.com (b) 7,106 4,999 +42.1 --------- --------- Total Ad Revenues from Continuing Operations (b) 186,929 191,664 -2.5 Circulation Revenues 67,724 64,995 +4.2 Other Revenues (c) 22,921 19,434 +18.0 --------- --------- Total Revenues from Continuing Operations (b) $277,573 $276,093 +0.5 ========= ========= Discontinued Operations: Broadcast Media Group (d) $10,752 $10,931 -1.6 ---------------------------------------------------------------------- Fourth Quarter ------------------------------- % 2006 2005 Change --------- --------- -------- Advertising Revenues News Media National $276,799 $288,879 -4.2 Retail 149,691 157,152 -4.7 Classified 127,096 138,296 -8.1 Other Ad Revenue (b) 18,116 16,364 +10.7 --------- --------- Total News Media Group (b) 571,702 600,691 -4.8 About.com (b) 21,788 15,910 +36.9 --------- --------- Total Ad Revenues from Continuing Operations (b) 593,490 616,601 -3.7 Circulation Revenues 219,536 218,004 +0.7 Other Revenues (c) 67,628 58,513 +15.6 --------- --------- Total Revenues from Continuing Operations (b) $880,654 $893,118 -1.4 ========= ========= Discontinued Operations: Broadcast Media Group (d) $46,824 $37,274 +25.6 ---------------------------------------------------------------------- Full Year ---------------------------------- % 2006 2005 Change ----------- ----------- -------- Advertising Revenues News Media National $921,458 $948,368 -2.8 Retail 487,142 499,834 -2.5 Classified 573,324 590,502 -2.9 Other Ad Revenue (b) 64,186 58,594 +9.5 ----------- ----------- Total News Media Group (b) 2,046,110 2,097,298 -2.4 About.com (b) 74,984 42,188 N/A ----------- ----------- Total Ad Revenues from Continuing Operations (b) 2,121,094 2,139,486 -0.9 Circulation Revenues 874,529 873,975 +0.1 Other Revenues (c) 243,450 217,667 +11.8 ----------- ----------- Total Revenues from Continuing Operations (b) $3,239,073 $3,231,128 +0.2 =========== =========== Discontinued Operations: Broadcast Media Group (d) $154,366 $139,055 +11.0 ---------------------------------------------------------------------- (a) Due to the Company's fiscal calendar 2006 includes an additional week. For purpose of this comparison, 2006 excludes the additional week. Numbers may not add due to rounding. (b) Other ad revenues for 2005 and About.com for the first quarter of 2006 have been restated to reflect the effect of unrecorded adjustments previously determined to be immaterial. (c) Primarily includes revenues from TimesSelect, commercial printing, wholesale delivery operations, news services, direct marketing, digital archives and Baseline StudioSystems. (d) In September, we announced plans to sell the Broadcast Media Group, and on January 3, 2007, we entered into an agreement to do so. THE NEW YORK TIMES COMPANY 2006 ADVERTISING REVENUES (a) DECEMBER, FOURTH QUARTER AND FULL YEAR ---------------------------------------------------------------------- Total Company Advertising Revenues ($ 000's) December ------------------------------- % 2006 2005 Change --------- --------- -------- (5 weeks) (4 weeks) News Media Group New York Times Media Group (b) $135,562 $118,445 +14.5 New England Media Group 41,050 38,934 +5.4 Regional Media Group 34,642 29,287 +18.3 --------- --------- Total News Media Group (b) 211,255 186,665 +13.2 About.com (b) 8,516 4,999 +70.4 --------- --------- Total Ad Revenues from Continuing Operations (b) $219,771 $191,664 +14.7 ========= ========= Discontinued Operations: Broadcast Media Group (c) $12,899 $10,704 +20.5 ---------------------------------------------------------------------- Fourth Quarter ------------------------------- % 2006 2005 Change ---------- ---------- -------- (14 weeks) (13 weeks) News Media Group New York Times Media Group (b) $383,083 $378,175 +1.3 New England Media Group 118,174 125,841 -6.1 Regional Media Group 101,877 96,675 +5.4 --------- --------- Total News Media Group (b) 603,134 600,691 +0.4 About.com (b) 23,198 15,910 +45.8 --------- --------- Total Ad Revenues from Continuing Operations (b) $626,332 $616,601 +1.6 ========= ========= Discontinued Operations: Broadcast Media Group (c) $48,597 $36,624 +32.7 ---------------------------------------------------------------------- Full Year ----------------------------------- % 2006 2005 Change ------------ ----------- -------- (53 weeks) (52 weeks) News Media Group New York Times Media Group (b) $1,268,592 $1,262,168 +0.5 New England Media Group 425,743 467,608 -9.0 Regional Media Group 383,207 367,522 +4.3 ------------ ----------- Total News Media Group (b) 2,077,542 2,097,298 -0.9 About.com (b) 76,394 42,188 N/A ------------ ----------- Total Ad Revenues from Continuing Operations (b) $2,153,936 $2,139,486 +0.7 ============ =========== Discontinued Operations: Broadcast Media Group (c) $154,266 $136,161 +13.3 ---------------------------------------------------------------------- (a) Numbers may not add due to rounding. (b) The New York Times Media Group for 2005 and About.com for the first quarter of 2006 have been restated to reflect the effect of unrecorded adjustments previously determined to be immaterial. (c) In September, we announced plans to sell the Broadcast Media Group, and on January 3, 2007, we entered into an agreement to do so. THE NEW YORK TIMES COMPANY 2006 ADVERTISING REVENUES EXCLUDING THE ADDITIONAL WEEK (a) DECEMBER, FOURTH QUARTER AND FULL YEAR --------------------------------------------------------------------- 2006 Advertising Revenue Excluding the Additional Week ($ 000's) December ------------------------------ % 2006 2005 Change --------- --------- ------- News Media Group New York Times Media Group (b) $117,546 $118,445 -0.8 New England Media Group 34,185 38,934 -12.2 Regional Media Group 28,091 29,287 -4.1 --------- --------- Total News Media Group (b) 179,822 186,665 -3.7 About.com (b) 7,106 4,999 +42.1 --------- --------- Total Ad Revenues from Continuing Operations (b) $186,928 $191,664 -2.5 ========= ========= Discontinued Operations: Broadcast Media Group (c) $10,487 $10,704 -2.0 ---------------------------------------------------------------------- Fourth Quarter ------------------------------ % 2006 2005 Change --------- --------- ------- News Media Group New York Times Media Group (b) $365,067 $378,175 -3.5 New England Media Group 111,309 125,841 -11.5 Regional Media Group 95,326 96,675 -1.4 --------- --------- Total News Media Group (b) 571,702 600,691 -4.8 About.com (b) 21,788 15,910 +36.9 --------- --------- Total Ad Revenues from Continuing Operations (b) $593,490 $616,601 -3.7 ========= ========= Discontinued Operations: Broadcast Media Group (c) $46,185 $36,624 +26.1 ---------------------------------------------------------------------- Full Year --------------------------------- % 2006 2005 Change ----------- ----------- ------ News Media Group New York Times Media Group (b) $1,250,576 $1,262,168 -0.9 New England Media Group 418,878 467,608 -10.4 Regional Media Group 376,656 367,522 +2.5 ----------- ----------- Total News Media Group (b) 2,046,110 2,097,298 -2.4 About.com (b) 74,984 42,188 N/A ----------- ----------- Total Ad Revenues from Continuing Operations (b) $2,121,094 $2,139,486 -0.9 =========== =========== Discontinued Operations: Broadcast Media Group (c) $151,854 $136,161 +11.5 ---------------------------------------------------------------------- (a) Due to the Company's fiscal calendar 2006 includes an additional week. For purpose of this comparison, 2006 excludes the additional week. Numbers may not add due to rounding. (b) The New York Times Media Group for 2005 and About.com for the first quarter of 2006 have been restated to reflect the effect of unrecorded adjustments previously determined to be immaterial. (c) In September, we announced plans to sell the Broadcast Media Group, and on January 3, 2007, we entered into an agreement to do so. THE NEW YORK TIMES COMPANY 2006 NEWS MEDIA AD REVENUE GROWTH BY CLASSIFIED CATEGORY DECEMBER, FOURTH QUARTER AND FULL YEAR ---------------------------------------------------------------------- % Change % Change % Change Dec. '06 Q4 '06 2006 vs. Dec. '05 vs. Q4 '05 vs. 2005 --------------------------------- News Media Help Wanted +7.4 -11.0 -9.1 Real Estate -0.8 -0.3 +10.3 Automotive +7.4 -7.0 -13.1 ---------------------------------------------------------------------- THE NEW YORK TIMES COMPANY 2006 PRINT ADVERTISING VOLUME (a) (Inches in thousands, Preprints in thousands of copies) DECEMBER, FOURTH QUARTER AND FULL YEAR ------------------------------- December ------------------------------- % 2006 2005 Change --------- --------- -------- (5 weeks) (4 weeks) National 273.0 233.3 +17.0 Retail 677.2 594.9 +13.8 Classified 745.2 645.1 +15.5 --------- --------- Total ROP 1,695.4 1,473.4 +15.1 --------- --------- Part Run/ Zoned 160.7 162.1 -0.9 --------- --------- Total 1,856.1 1,635.5 +13.5 ========= ========= Preprints 339,897 303,552 +12.0 ---------------------------------------------------------------------- --------------------------------- Fourth Quarter --------------------------------- % 2006 2005 Change ---------- ---------- -------- (14 weeks) (13 weeks) National 736.5 747.5 -1.5 Retail 1,853.1 1,819.3 +1.9 Classified 2,299.1 2,279.8 +0.8 ---------- ---------- Total ROP 4,888.7 4,846.6 +0.9 ---------- ---------- Part Run/ Zoned 531.2 538.9 -1.4 ---------- ---------- Total 5,419.9 5,385.5 +0.6 ========== ========== Preprints 903,182 887,394 +1.8 ---------------------------------------------------------------------- -------------------------------- Full Year ------------------------------- % 2006 2005 Change ---------- ---------- ------- (53 weeks) (52 weeks) National 2,399.5 2,468.4 -2.8 Retail 6,396.3 6,511.7 -1.8 Classified 9,509.4 9,532.2 -0.2 ---------- ---------- Total ROP 18,305.2 18,512.4 -1.1 ---------- ---------- Part Run/ Zoned 1,989.8 2,087.2 -4.7 ---------- ---------- Total 20,295.0 20,599.6 -1.5 ========== ========== Preprints 2,963,946 2,979,723 -0.5 ---------------------------------------------------------------------- (a) Advertising volume is based on preliminary internal data, which may be updated in subsequent reports and may not be indicative of advertising revenue or operating profit. Numbers may not add due to rounding. THE NEW YORK TIMES COMPANY RECONCILIATION OF 2006 TOTAL REVENUES EXCLUDING THE ADDITIONAL WEEK (a) DECEMBER, FOURTH QUARTER AND FULL YEAR The Company's 2006 fiscal December, fourth quarter and year included an additional week (5 weeks, 14 weeks and 53 weeks) compared with the 2005 fiscal December, fourth quarter and year (4 weeks, 13 weeks and 52 weeks). This release includes revenues excluding the effect of the additional week (in each case, a non-GAAP financial measure). The Company believes that these measures are more indicative of ongoing performance. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Reconciliations of these items to the most directly comparable GAAP item are below. ---------------------------------------------------------------------- 2006 Total Revenues ($ 000's) December ------------------------------------------ 2006 Additional 2006 % Change As Reported Week Adjusted vs. 2005 ----------- ---------- --------- --------- (5 weeks) (4 weeks) Advertising Revenues News Media National $105,429 $(16,731) $88,698 -1.8 Retail 60,790 (8,271) 52,519 -6.1 Classified 38,603 (5,329) 33,274 -6.6 Other Ad Revenue(b) 6,434 (1,102) 5,332 +11.3 ----------- ---------- --------- Total News Media Group (b) 211,255 (31,432) 179,822 -3.7 About.com (b) 8,516 (1,410) 7,106 +42.1 ----------- ---------- --------- Total Ad Revenues from Continuing Operations (b) 219,771 (32,842) 186,929 -2.5 Circulation Revenues 82,917 (15,193) 67,724 +4.2 Other Revenues 25,716 (2,795) 22,921 +18.0 ----------- ---------- --------- Total Revenues from Continuing Operations (b) $328,403 $(50,830) $277,573 +0.5 =========== ========== ========= Discontinued Operations: Broadcast Media Group (c) $13,177 $(2,425) $10,752 -1.6 ---------------------------------------------------------------------- Fourth Quarter ------------------------------------------- 2006 Additional 2006 % Change As Reported Week Adjusted vs. 2005 ----------- ---------- ---------- --------- (14 weeks) (13 weeks) Advertising Revenues News Media National $293,530 $(16,731) $276,799 -4.2 Retail 157,961 (8,271) 149,691 -4.7 Classified 132,425 (5,329) 127,096 -8.1 Other Ad Revenue(b) 19,218 (1,102) 18,116 +10.7 ----------- ---------- ---------- Total News Media Group (b) 603,134 (31,432) 571,702 -4.8 About.com (b) 23,198 (1,410) 21,788 +36.9 ----------- ---------- ---------- Total Ad Revenues from Continuing Operations (b) 626,332 (32,842) 593,490 -3.7 Circulation Revenues 234,729 (15,193) 219,536 +0.7 Other Revenues 70,423 (2,795) 67,628 +15.6 ----------- ---------- ---------- Total Revenues from Continuing Operations (b) $931,484 $(50,830) $880,654 -1.4 =========== ========== ========== Discontinued Operations: Broadcast Media Group (c) $49,249 $(2,425) $46,824 +25.6 ---------------------------------------------------------------------- Full Year -------------------------------------------- 2006 Additional 2006 % Change As Reported Week Adjusted vs. 2005 ----------- ---------- ----------- --------- (53 weeks) (52 weeks) Advertising Revenues News Media National $938,189 $(16,731) $921,458 -2.8 Retail 495,413 (8,271) 487,142 -2.5 Classified 578,653 (5,329) 573,324 -2.9 Other Ad Revenue(b) 65,287 (1,102) 64,186 +9.5 ----------- ---------- ----------- Total News Media Group (b) 2,077,542 (31,432) 2,046,110 -2.4 About.com (b) 76,394 (1,410) 74,984 N/A ----------- ---------- ----------- Total Ad Revenues from Continuing Operations (b) 2,153,936 (32,842) 2,121,094 -0.9 Circulation Revenues 889,722 (15,193) 874,529 +0.1 Other Revenues 246,245 (2,795) 243,450 +11.8 ----------- ---------- ----------- Total Revenues from Continuing Operations (b) $3,289,903 $(50,830) $3,239,073 +0.2 =========== ========== =========== Discontinued Operations: Broadcast Media Group (c) $156,791 $(2,425) $154,366 +11.0 ---------------------------------------------------------------------- (a) Numbers may not add due to rounding. (b) Other ad revenues for 2005 and About.com for the first quarter of 2006 have been restated to reflect the effect of unrecorded adjustments previously determined to be immaterial. (c) In September, we announced plans to sell the Broadcast Media Group, and on January 3, 2007, we entered into an agreement to do so. THE NEW YORK TIMES COMPANY RECONCILIATION OF 2006 ADVERTISING REVENUES EXCLUDING THE ADDITIONAL WEEK (a) DECEMBER, FOURTH QUARTER AND FULL YEAR The Company's 2006 fiscal December, fourth quarter and year included an additional week (5 weeks, 14 weeks and 53 weeks) compared with the 2005 fiscal December, fourth quarter and year (4 weeks, 13 weeks and 52 weeks). This release includes revenues excluding the effect of the additional week (in each case, a non-GAAP financial measure). The Company believes that these measures are more indicative of ongoing performance. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Reconciliations of these items to the most directly comparable GAAP item are below. ---------------------------------------------------------------------- 2006 Advertising Revenue ($ 000's) December ------------------------------------------ 2006 Additional 2006 % Change --------- --------- As Reported Week Adjusted vs. 2005 ----------- ---------- --------- --------- (5 weeks) (4 weeks) News Media Group New York Times Media Group (b) $135,562 $(18,016) $117,546 -0.8 New England Media Group 41,050 (6,865) 34,185 -12.2 Regional Media Group 34,642 (6,551) 28,091 -4.1 ----------- ---------- --------- Total News Media Group (b) 211,255 (31,432) 179,822 -3.7 About.com (b) 8,516 (1,410) 7,106 +42.1 ----------- ---------- ========= Total Ad Revenues from Continuing Operations (b) $219,771 $ (32,842) $186,929 -2.5 =========== ========== ========= Discontinued Operations: Broadcast Media Group (c) $12,899 $(2,412) $10,487 -2.0 ---------------------------------------------------------------------- Fourth Quarter ------------------------------------------- 2006 Additional 2006 % Change ---------- --------- As Reported Week Adjusted vs. 2005 ----------- ---------- ---------- --------- (14 weeks) (13 weeks) News Media Group New York Times Media Group (b) $383,083 $(18,016) $365,067 -3.5 New England Media Group 118,174 (6,865) 111,309 -11.5 Regional Media Group 101,877 (6,551) 95,326 -1.4 ----------- ---------- ---------- Total News Media Group (b) 603,134 (31,432) 571,702 -4.8 About.com (b) 23,198 (1,410) 21,788 +36.9 ----------- ---------- ---------- Total Ad Revenues from Continuing Operations (b) $626,332 $ (32,842) $593,490 -3.7 =========== ========== ========== Discontinued Operations: Broadcast Media Group (c) $48,597 $(2,412) $46,185 +26.1 ---------------------------------------------------------------------- Full Year -------------------------------------------- 2006 Additional 2006 % Change ----------- --------- As Reported Week Adjusted vs. 2005 ----------- ---------- ----------- --------- (53 weeks) (52 weeks) News Media Group New York Times Media Group (b) $1,268,592 $(18,016) $1,250,576 -0.9 New England Media Group 425,743 (6,865) 418,878 -10.4 Regional Media Group 383,207 (6,551) 376,656 +2.5 ----------- ---------- ----------- Total News Media Group (b) 2,077,542 (31,432) 2,046,110 -2.4 About.com (b) 76,394 (1,410) 74,985 N/A ----------- ---------- ----------- Total Ad Revenues from Continuing Operations (b) $2,153,936 $ (32,842) $2,121,094 -0.9 =========== ========== =========== Discontinued Operations: Broadcast Media Group (c) $154,266 $(2,412) $151,854 +11.5 ---------------------------------------------------------------------- (a) Numbers may not add due to rounding. (b) The New York Times Media Group for 2005 and About.com for the first quarter of 2006 have been restated to reflect the effect of unrecorded adjustments previously determined to be immaterial. (c) In September, we announced plans to sell the Broadcast Media Group, and on January 3, 2007, we entered into an agreement to do so. CONTACT: The New York Times Company Catherine J. Mathis, 212-556-1981 mathis@nytimes.com or Paula Schwartz, 212-556-5224 schwap@nytimes.com