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The New York Times Company Reports Ad Revenues andVolume for Its Newspaper Group for June, the...

    Business Editors

      NEW YORK--(BUSINESS WIRE)--July 10, 2000--The New York Times
Company reported today that advertising revenues for its Newspaper
Group, excluding the Worcester Telegram & Gazette (T&G) acquired in
January 2000, increased 9.8% for June 2000 compared with June 1999.
Including
the T&G, advertising revenues rose 13.0% for the month. For the second-quarter, advertising revenues for the Group increased 14.0%, and including the T&G, they rose 17.2%. For the year to date, advertising revenues for the Group grew 14.7%, and including the T&G, they increased 17.6%. Advertising revenue results were as follows: -- The New York Times The New York Times's advertising revenue rose 12.0% for June led by continued growth in national advertising. Telecommunications, technology products, corporate and e-commerce advertising were particularly strong. In June The Times published its second e-commerce special news section and has three more scheduled for the balance of the year. Classified advertising rose as gains in help-wanted advertising offset softness in automotive advertising. Retail advertising increased in large part due to growth in restaurant and fashion/jewelry store advertising. -- The Boston Globe The Boston Globe's advertising revenue increased 10.0% for June. National advertising rose in the month led by strength in telecommunications, e-commerce, entertainment and bank advertising. Classified advertising increased as continued growth in help-wanted advertising offset softness in automotive and real estate advertising. Help wanted, which posted its eighth consecutive month of double-digit gains, benefited from strength in the professional category. -- The Regional Newspaper Group The Regional Newspaper Group's advertising revenue grew 2.2% for June. Retail advertising increased in large part due to a change in the mix of advertising. Classified advertising rose as continued strength in employment advertising at our California newspapers offset weakness in automotive advertising at our Southeastern newspapers. The New York Times Company (NYSE: NYT) is a diversified media company including newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. The Company, which had 1999 revenues of $3.1 billion, publishes The New York Times, The Boston Globe and 22 other newspapers; publishes four magazines, including Golf Digest; operates eight network-affiliated television stations and owns two New York City radio stations. It also operates news, photo and graphics services as well as news and feature syndicates. A division of the Company, New York Times Digital, operates Internet properties such as NYTimes.com, Boston.com and NYToday.com. The Company holds interests in one newsprint mill, one supercalendered paper mill and the International Herald Tribune S.A.S. *T THE NEW YORK TIMES COMPANY 2000 ADVERTISING REVENUE(a) JUNE, 2ND QUARTER AND YEAR TO DATE Newspaper Group Total Advertising Revenues (dollars in thousands) June 2nd Quarter Year to Date 2000 % Change 2000 % Change 2000 % Change The New York Times $100,287 +12.0 $337,731 +16.5 $665,578 +18.2 The Boston Globe 40,661 +10.0 132,043 +14.8 253,529 +14.1 Regional Newspapers 27,390 +2.2 94,328 +5.1 185,447 +4.4 Subtotal 168,338 +9.8 564,102 +14.0 1,104,554 +14.7 Telegram & Gazette(b) 4,865 n/a 15,851 n/a 28,357 n/a Total Newspaper Group $173,203 +13.0 $579,953 +17.2 $1,132,911 +17.6 (a) Beginning in January 2000, advertising revenues from New York Times Digital, the Company's Internet division, are not included in the Newspaper Group advertising revenues for the current and comparable periods. New York Times Digital is comprised of NYTimes.com, Boston.com, NYToday.com, GolfDigest.com and Abuzz. Numbers may not add due to rounding. (b) The Worcester Telegram & Gazette year-to-date 2000 advertising revenue is for the period from January 7 (acquisition date) through June 25. THE NEW YORK TIMES COMPANY 2000 ADVERTISING VOLUME(1) (Inches in thousands, Preprints in thousands of copies) JUNE, 2ND QUARTER AND YEAR TO DATE The New York Times(2) June 2nd Quarter Year to Date 2000 % % of 2000 % % of 2000 % % of Change Total Change Total Change Total Retail 43.5 +1.2 13.4 142.7 +4.0 13.0 268.1 +2.3 12.6 National 122.7 +7.9 37.7 426.5 +12.1 38.8 837.4 +14.5 39.2 Classified 83.0 -2.3 25.5 255.0 -2.0 23.2 506.9 -1.2 23.7 Total ROP 249.1 +3.1 76.6 824.2 +6.0 75.0 1,612.4 +7.0 75.5 Part Run/ Zoned 75.9 -8.1 23.4 275.5 -1.6 25.0 523.2 +3.4 24.5 Total 325.0 +0.3 100.0 1,099.7 +4.0 100.0 2,135.6 +6.1 100.0 Preprints 32,459 +9.0 104,760 +8.5 203,015 +5.2 The Boston Globe June 2nd Quarter Year to Date 2000 % % of 2000 % % of 2000 % % of Change Total Change Total Change Total Retail 46.9 -4.1 18.9 156.0 -0.5 19.6 281.4 -4.7 18.6 National 64.3 +13.5 26.0 210.1 +16.2 26.4 401.6 +13.4 26.5 Classified 113.1 +0.1 45.6 358.1 +0.2 45.0 703.6 +1.3 46.5 Total ROP 224.3 +2.6 90.5 724.1 +4.2 91.0 1,386.6 +3.2 91.6 Part Run/ Zoned 23.5 +6.3 9.5 71.7 -4.5 9.0 127.8 -2.2 8.4 Total 247.8 +3.0 100.0 795.8 +3.4 100.0 1,514.4 +2.7 100.0 Preprints 57,825 -2.4 199,536 +4.6 385,041 +2.1 Telegram & Gazette(3) June 2nd Quarter Year to Date 2000 % % of 2000 % % of 2000 % % of Change Total Change Total Change Total Retail 26.8 n/a 22.5 86.9 n/a 21.8 150.5 n/a 21.5 National 6.6 n/a 5.5 23.1 n/a 5.8 35.4 n/a 5.1 Classified 44.4 n/a 37.2 144.4 n/a 36.1 270.5 n/a 38.7 Total ROP 77.8 n/a 65.2 254.4 n/a 63.7 456.4 n/a 65.3 Part Run/ Zoned 41.5 n/a 34.8 145.1 n/a 36.3 243.0 n/a 34.7 Total 119.3 n/a 100.0 399.5 n/a 100.0 699.4 n/a 100.0 Preprints 14,396 n/a 49,637 n/a 91,884 n/a Regional Newspaper Group June 2nd Quarter Year to Date 2000 % % of 2000 % % of 2000 % % of Change Total Change Total Change Total Retail 543.8 0.0 43.9 1,834.7 -1.2 43.6 3,653.8 -1.4 44.8 National 22.6 -7.8 1.8 76.4 +5.5 1.8 149.0 +5.7 1.8 Classified 629.7 -2.0 50.8 2,053.7 +0.8 48.7 4,023.2 +1.7 49.3 Legal 43.4 +43.7 3.5 248.3 +31.1 5.9 334.3 +22.3 4.1 Total 1,239.5 -0.1 100.0 4,213.1 +1.4 100.0 8,160.3 +1.1 100.0 Preprints 79,141 -2.5 279,327 +3.6 552,977 +2.4 Notes: 1. Advertising volume is based on preliminary internal data, which may be updated in subsequent reports and may not be indicative of advertising revenues or operating profit. Numbers may not add due to rounding. 2. The New York Times newspaper sells advertising by category. It defines Retail, National and Classified as follows: - Retail - Computer/Electronics-Retail, Department Stores, Fashion/Jewelry-Retail, Fine Arts, Home Furnishings Stores, Mass Market Stores and Restaurants - National - American Fashion, Banking, Books, Consumer Electronic Manufacturers, Consumer Products, Corporate, Cosmetics, Direct Response, E-Commerce, Education, Entertainment, Financial Services, Healthcare/Pharmaceuticals, Home Furnishing Manufacturers, Hotels, International Fashion, Media, Technology Products, Telecommunications and Transportation (travel) - Classified - Automotive, Help Wanted and Real Estate Zoned - The New York Times newspaper also offers advertisers multiple zoned buying options primarily in its New York metropolitan market. When Retail, National or Classified advertising is purchased by zip code or by a defined geographic area (such as Connecticut, Long Island, Manhattan, New Jersey or Westchester) it is classified as Zoned. 3. The Worcester Telegram & Gazette year-to-date 2000 advertising volume is for the period January 7 (acquisition date) through June 25. --30--MEM/ny* CONTACT: The New York Times Company Catherine Mathis, 212-556-1981; E-mail: mathicj@nytimes.com This press release may be downloaded from http://www.nytco.com KEYWORD: NEW YORK INDUSTRY KEYWORD: ADVERTISING/MARKETING INTERNET E-COMMERCE PUBLISHING

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