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.
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