The New York Times Company (the "Company") was incorporated on August'
26, 1896, under the laws of the State of New York. The Company is a diversified
media company including newspapers, television and radio stations, Internet businesses,
and forest products and other investments.
The Company currently classifies its businesses into the following segments:
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Newspapers: The New York Times Newspaper Group, consisting of The New York
Times ("The Times") and the International Herald Tribune (the "IHT");
the New England Newspaper Group, consisting of The Boston Globe, a daily newspaper,
the Boston Sunday Globe (both editions, the "Globe") and the Worcester
Telegram'& Gazette, in Worcester, Mass. (the "T&G"); 15 newspapers
in Alabama, California, Florida, Louisiana, North Carolina and South Carolina
(the "Regional Newspapers"); a newspaper distributor in the New York
City metropolitan area; news, photo and graphics services and news and features
syndication; and licensing of the trademarks and copyrights of The Times and
the Globe.
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Broadcasting: television stations WTKR-TV in Norfolk, Va.; WREG-TV in Memphis,
Tenn.; KFOR-TV in Oklahoma City, Okla.; WNEP-TV in Scranton, Penn.; WHO-TV in
Des Moines, Iowa; WHNT-TV in Huntsville, Ala.; WQAD-TV in Moline, Ill.; and
KFSM-TV in Fort Smith, Ark.; and radio stations WQXR(FM) and WQEW(AM) in New
York City.
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New York Times Digital: the Companys digital and business information division,
including NYTimes.com (www.nytimes.com), Boston.com (www.boston.com), and the
licensing of electronic databases through its Digital Archive Distribution business.
Additionally, the Company owns minority equity interests in a Canadian newsprint
company and a supercalendered paper manufacturing partnership in Maine.
The primary raw materials used by the Company are newsprint and supercalendered
paper. The Company purchases newsprint from a number of North American producers.
A significant portion of such newsprint is purchased from Abitibi, North Americas
largest producer of newsprint.
COMPETITION
The Times competes for advertising and circulation with newspapers of general
circulation in New York City and its suburbs, as well as with national publications
such as The Wall Street Journal and USA Today. The Times also competes with
magazines, television, direct mail, radio, the Internet and other media.
The IHTs key competitors include The Wall Street Journals European and Asian
Editions, the London-based Financial Times, Time, Newsweek International and
The Economist. Satellite distribution of CNN, Fox News, CNBC and the BBC adds
a broadcast component to the available global sources of English language news,
and the Internet provides additional sources of English language news.
The Globe competes for advertising and circulation with other daily, weekly
and national newspapers distributed in Boston, its neighboring suburbs and the
greater New England region, including, among others, The Boston Herald (daily
and Sunday). The Globe also competes with other communications media, such as
direct mail, magazines, television, radio, the Internet and other media. The
T&G competes with other daily and weekly newspapers distributed in Worcester
County, as well as with radio, television and direct mail.
The Regional Newspapers compete for advertising and circulation with a variety
of newspaper and other advertising media in their markets.
All of the Companys television stations compete directly with other television
stations in their respective markets and with other video services, such as
cable network programming carried on local cable systems, satellite-to-home
systems, and with other local media and the Internet. WQXR(FM) competes for
listeners primarily with two all news commercial radio stations and with WNYC(FM),
a non-commercial station, which features both news and classical music. It competes
for advertising revenues with many adult-audience commercial radio stations
and other media in New York City and surrounding suburbs.
New York Times Digital primarily competes with other advertising-supported
news and information Web sites, such as Yahoo! News and CNN.com, and classified
advertising portals, such as Monster.com (help-wanted advertising).
DTC is a non-fiction channel that offers documentary programming on recent
history and newsworthy events. It competes with cable channels like A&E
and the History Channel. DTC also competes for viewers and advertisers with
all other broadcast and cable channels. NESV competes in the Boston consumer
entertainment market primarily with other professional sports teams and other
forms of live, film and broadcast entertainment. New England Sports Network
competes for television audiences with broadcast television stations and other
cable television networks throughout most of New England. The Boston Red Sox,
Fenway Park and the New England Sports Network compete for advertising with
all forms of local and national media including television (including cable),
radio, newspapers, magazines, direct mail and outdoor advertising.