Exhibit 99.4

The New York Times Company Announces Retirement Of EVP & CFO Leonard P. Forman

    NEW YORK--(BUSINESS WIRE)--July 18, 2006--The New York Times
Company announced today that Leonard P. Forman, executive vice
president and chief financial officer, plans to retire in 2007, after
a successor is named.

    "Len's strategic insight and financial discipline have been
critical elements in positioning the Company for the future," said
Janet L. Robinson, president and chief executive officer, The New York
Times Company. "Over the past several years, he has championed
significant productivity improvements and efficiencies. And in his
more than two decades of service, he has provided strong leadership,
helping to develop the next generation of financial executives. We are
deeply grateful for all that he has contributed to the Times Company."

    "My work at The Times has been extraordinarily rewarding and
exciting, especially in recent years as we've moved into the digital
space," Mr. Forman said. "But after a long business career, it's time
for a change and I look forward to working with the new CFO to ensure
an orderly transition."

    The Company has retained Heidrick & Struggles to identify
candidates from both inside and outside the organization.

    Mr. Forman, 61, became executive vice president in 2004 and chief
financial officer in 2002. Previously, he had been president and chief
executive officer of The New York Times Company Magazine Group from
1998 to 2001, when the Group was sold to Advance Publications. From
1996 to 1998, he was senior vice president of corporate development,
new ventures and electronic businesses.

    Before that, Mr. Forman spent 10 years working in television,
online services, print media and advertising. From 1995 to 1996, he
served as president and chief executive officer of a Nynex/Newsday
joint venture. Mr. Forman was chief operating officer of the Newspaper
Association of America (NAA) from 1992 to 1994, and from 1989 to 1992,
he was president and chief executive officer of the Newspaper
Advertising Bureau, which merged with the NAA in 1992.

    From 1986 to 1989, Mr. Forman served as senior vice president,
operations at Telemundo, Inc., a Spanish language television company,
where he was responsible for broadcast and network operations and
affiliate relations. Previously, he had been director of corporate
planning and chief economist at The New York Times Company from 1974
to 1986. He was a research economist at the Federal Reserve Bank of
New York from 1973 to 1974.

    Mr. Forman also served as an adjunct professor of economics at
Yale University Graduate School of Management and an assistant
professor of economics at Fordham University Graduate School of
Business. He received a B.A. degree in economics from Queens College,
City University of New York in 1967 and completed a Ph.D. dissertation
in economics at New York University in 1975.

    The New York Times Company (NYSE: NYT), a leading media company
with 2005 revenues of $3.4 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

    CONTACT: The New York Times Company
             Catherine J. Mathis, 212-556-1981
             E-mail:  mathis@nytimes.com
             Diane McNulty, 212-556-5244
             E-mail:  mcnuldc@nytimes.com