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Company and financial for Investors information is available on our Web site at: www.nytco.com www.nytco.com 2000 ANNUAL REPORT Shareholder Stock Listing The Program assists and encour- Annual Meeting A Special Offer The New York Times Information Online The New York Times Company ages promising students whose The Annual Meeting of for Being a Guide to New York City www.nytco.com Class A Common Stock is parents may not have had the shareholders will be held on: Valued Shareholder Restaurants 2001 listed on the New York To stay up to date on the Times opportunity to attend college, Tuesday, April 17, 2001, (continued) Company, visit our Web site, Stock Exchange. to earn degrees from accredited at 10 a.m. Table of Contents 1 6 12 The New York Times where you will find news about Ticker symbol: NYT four-year colleges or universities. Guide to New York City Financial At a Glance Senior Management Team, the Company as well as share- Each scholarship provides up to It will take place at: 2001 Highlights Board of Directors, holder and financial information. Auditors $12,000 annually toward the New Amsterdam Theatre 8 Officers and Executives Deloitte & Touche LLP student’s education. 214 West 42nd Street The New York Times 2 The Year in Review Fax on Demand Two World Financial Center New York, NY 10036 Traveler’s Guide to Art To Our 13 Quarterly earnings releases and New York, NY 10281 The Foundation’s 2000 annual Museum Exhibitions 2001 Fellow Shareholders 10 Form 10-K other press releases are available report, scheduled for midyear Career Opportunities Company Listings via fax by calling toll-free Automatic Dividend publication, may be obtained The Company offers career These guides provide compre- (877) NYT-NEWS Reinvestment Plan upon request. opportunities in journalism, hensive information on the city’s The Company offers shareholders advertising, marketing, circula- restaurants, entertainment and In addition, the Times Company Office of the Secretary a plan for automatic reinvestment tion, production, information museums, including: more than is involved in worthwhile causes (212) 556-7531 of dividends in its Class A systems and finance.The 1,000 reviews by Times food in the communities it serves. 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Mathis of New York orientation or disability. on shopping, theater, music, news, photo and graphic services as well as news and feature syndicates. Vice President A division of EquiServe The Boston Globe Corporate Communications Dividend Reinvestment Plan Foundations art, entertainment and more; Employment applicants and the complete exhibition A division of the Company, New York Times Digital, operates Internet (212) 556-1981 P.O. Box 2598 Catherine E.C. Henn should write to: Jersey City, NJ 07303-2598 President calendars for more than 350 museums in the U.S. and abroad. properties such as NYTimes.com, Boston.com and newyorktoday.com. Registrar, Stock Transfer www.equiserve.com P.O. Box 2378 Employment Department and Dividend Disbursing Boston, MA 01207-2378 The New York Times Company The Company has interests in two paper mills and the International Agent The New York Times (617) 929-2895 229 West 43rd Street Restaurants $14.95 If you are a registered share- Company Foundation, Inc. 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Javier Romero/Shari Finger Cover: PhotoDisc The New York Times Company EyeWire: Pages 8 & 9 All rights reserved FPG International: Pages 8 & 9 MTV.com: Page 9 In 2000, we continued to pursue our goal of becoming the leading content provider for those consumers and businesses on the edge of the knowledge economy.We are dedicated to becoming the global supplier of high- quality news and information in every form, and in every segment for the substantial audience of readers, viewers, listeners and browsers who depend upon knowledge in their personal and professional lives.
Financial Highlights
Revenues Dollars and Shares in Thousands, In Billions Except Per Share Data $3.5
3.0 2000 1999 % Change
2.5 Revenues and Income Revenues $3,489,455 $3,156,756 10.5% 2.0 EBITDA* 885,133 802,137 10.3% 1.5 Operating Profit 635,921 571,282 11.3% Net Income 397,536 310,177 28.2% 1.0 Financial Position 0.5 Total Assets $3,606,679 $3,495,802 3.2% $0.0 Long-term Debt and Capital Lease Obligations 636,866 598,327 6.4% 96 97 98 99 00 Common Stockholders’ Equity at Year-end 1,281,163 1,448,658 (11.6%)
Per Share of Common Stock Diluted Earnings* 2.10 1.78 18.0% Diluted Earnings Dividends .45 .41 9.8% Per Share* Common Stockholders’ Equity at Year-end 7.47 8.08 (7.5%)
$2.50 Key Ratios Return on Average Common Stockholders’ Equity* 27% 21% 2.00 Long-term Debt and Capital Lease Obligations to Total Capitalization 33% 29%
1.50 Current Assets to Current Liabilities .70 .91 Other 1.00 Full-time Equivalent Employees 14,000 13,400 4.5% Average Number of Common Shares Outstanding (Diluted) 171,597 179,244 (4.3%) 0.50
$0.00 96 97 98 99 00 All financial data are derived from the Company’s audited consolidated financial statements appearing in the Company’s 2000 Form 10-K. *EBITDA (earnings before interest, taxes, depreciation and amortization), earnings per common share and return on average common stockholders’ equity exclude special items from income for comparison purposes.These special items are described on page F-2 of the Company’s 2000 Form 10-K.
1 Arthur Sulzberger, Jr. 2000 Board of Chairman (left) Directors
Russell T. Lewis President & Chief Executive Officer (right)
Brenda C. Barnes
To Our Fellow 18%, to $2.10, enabling us to These results required a exceed our annual EPS company-wide commitment Shareholders growth target of 10 to 15% to long-term planning, speed for the sixth consecutive year. of action and the integration of our core values (shown on What a way to start a new century! With We were once again able the inside front cover of this to increase shareholder the American presidential election going report) into all our business value by growing our print, practices, and they have been into triple overtime, the human genome broadcast and online audi- noted: being deciphered and traditional financial ences, improving operations at our business units, In July,The New York principles returning to the capital markets, promoting technological Times Company was named 2000 was full of sound and fury, excitement change throughout our by Fortune magazine as one Company and becoming of the “50 Best Companies and turbulence.The worldwide demand for more adept at competing for Minorities.” quality news and information reached his- in a rapidly changing business environment. In September,Working toric levels and we rose to the challenge. Mother magazine included We’ve carved out a strong us in its list of “100 Best market position built on the Companies for Working A Record Year of idea of brick-and-click, the Mothers,” reflecting our Achievement compelling notion that ana- policies and practices that We are pleased to report log and digital businesses support work/life balance. that The New York Times strengthen and sustain one Several weeks later, Fortune Company recorded the best another. By fully embracing magazine published the year in its history. Our rev- this 21st-century business results of its annual survey of enues reached a new high of model, we are achieving “The World’s Most Admired $3.5 billion and our diluted robust growth, diversifying Companies.” The New York earnings per share climbed revenue streams and respond- ing to customers in a more comprehensive fashion.
2 Arthur Ochs Sulzberger Donald M. Stewart
John F. Akers David E. Liddle
Times Company was ranked successful national expansion offer, regardless of the medi- Reaching our target audience No.1 in the publishing of our flagship newspaper, um. Our Internet division, requires that we foster a sus- industry, the first time we’ve The New York Times: New York Times Digital tained New York Times pres- ever achieved that distinction. (NYTD), has made a major ence on television. In 2000, In 2000,The Times contribution to this effort we made several important The Fortune study also witnessed an overall rise in by expanding our Company’s strides in that direction: ranked The New York Times its circulation. Last fall, it online presence: Company as No.1 in the reported weekday and Our partnership with quality of products and ser- Sunday gains on its Audit NYTimes.com is the No.1 ABC has been the source vices among all 379 global Bureau of Circulations newspaper site – as measured of “20/20” joint projects, companies surveyed, and statement for the fourth by Media Metrix – and the a “Nightline” collaboration No. 2 in social responsibility. consecutive time. only Top Four news and during the political conven- information site with a 100% tions and a pioneering web- In early 2001,The New The Times also achieved a registered user base. cast, “Political Points.” York Times Company was substantial increase of 16.7% ranked No.1 in the publish- in national advertising, An excellent example of Through our joint venture ing industry in Fortune’s allowing it to reach a record the brick-and-click model is with Granada Media, we’re annual survey of “America’s $1.3 billion in advertising the fact that The Times has producing documentaries Most Admired Companies”– revenue, up 11%. It was the been able to “upsell” almost for cable networks and PBS, another first for the Company. third consecutive year that two-thirds of its print help- and we’re also producing The Times Company was also the newspaper’s ad revenue wanted customers to the Web. science programs for The ranked No. 3 in the quality of had exceeded $1 billion. In 2000, it became the first Learning Channel. products and services among newspaper in the country to NYT-TV, our own the 535 companies surveyed. Reaching a Global upsell customers successfully production unit, generated Quality Audience in the real estate category. As always, there are many new branded programs that We are committed to highlights to mention in Boston.com is the No.1 have appeared on Showtime speaking to a global quality our annual review.An regional Web site in the and A&E and established a appropriate place to start audience of millions of like- country, as measured by is the overwhelmingly minded individuals who total monthly page views. want the knowledge, insight and content we have to
3 Richard L. Gelb Michael Golden
Robert A. Lawrence
Jacqueline H. Dryfoos
partnership with the The Worcester Telegram to celebrate our heritage, Our digital initiatives recently launched National and Gazette (T&G), acquired expand our presence in criti- will be guided by two funda- Geographic Channel to in January 2000, was cal markets and build on our mental objectives: achieving create a “Science Times” additive to earnings in its strong foundation. scale and profitability.We are magazine program. first year and is benefiting confident that we will While the economic climate along with The Globe from substantially decrease losses may be a little less predictable, Staying Ahead of the their many synergies. in 2001 and be cash-flow we remain optimistic because Competition positive in 2002. Our regional newspapers’ we are following a sound and Staying competitive in many focus on value-based pricing, creative strategy encompass- We are undertaking web different markets has required in both advertising and circu- ing many significant growth width reduction programs that our business units carry lation, helped drive revenues. initiatives. at many of our newspapers. out a multitude of far-reach- As part of our commitment Decreasing the size of the The national expansion of ing and innovative revenue to enhancing shareholder printed sheet from 54 inches The Times will continue with and expense initiatives: value, we sold seven of our to 50 inches (that is, one inch the opening of four additional smaller daily and nondaily per page) significantly lowers A growing national adver- print sites – in Minneapolis, newspapers and all nine of our newsprint consumption. tising strategy, the strengthen- Minn., Columbia, Mo., our telephone directories. Web width reductions are ing of its brand and the many Gastonia, N.C., and Ann planned at eight of our new sales programs that were The Broadcast Group Arbor, Mich. A fifth site, in regional newspapers in 2001. instituted over the past year stations benefited from the Dayton, Ohio, will begin have enabled The Boston political advertising generat- printing the advance sections Revenue at our Broadcast Globe to achieve substantial ed by last year’s elections and of our Sunday paper. Group will be bolstered revenue gains in both national from the Sydney Olympics. by our agreements to and help-wanted advertising. In Boston, our new Globe provide sales, marketing and west-zoned edition will Pursuing a Sound and operating functions for three continue to work in combi- Creative Strategy Paxson Communications nation with the T&G to Corporation stations. In 2001, the sesquicentennial provide added strength in of The Times will provide the high-growth technology us with a unique opportunity corridor between Route 128 and I-495.
4 Henry B. Schacht Charles H. Price II
Ellen R. Marram
Raul E. Cesan
Earlier this year, we nity for the Company and deep understanding of The In 2001,The New York Times decided to sell our golf our investors, in 2000 we New York Times Company Company will climb new properties – Golf Digest, acquired 14.6 million shares and its role in our society. heights as we make the Golf World, Golf World at a cost of $581 million. transition into the coming Business, Golf Digest Woman We want to express our grati- Knowledge Age – where and GolfDigest.com – to To help us fully exploit the tude to all our directors for quality information, in a Advance Publications, Inc. considerable opportunities in their help and guidance dur- variety of forms and formats, The sale of our Magazine the coming years, we added ing such an excellent year will be more valuable than Group, which represented two exceptionally well-quali- and thank our employees, ever, and there will be an less than 3% of total rev- fied members to our Board customers and shareholders even greater need for what enues, allows us to focus of Directors last year: for their support during 2000. we have to offer in the our resources on our larger global media marketplace. Dr. David E. Liddle, a In addition, Richard Gelb is businesses and thereby partner with U.S.Venture retiring from our Board of Sincerely, increase the value of our Partners and retired Directors after more than a Company to our shareholders. chairman of Interval quarter century of service. Another way we are maxi- Research Corporation, is We wish to thank him for the Arthur Sulzberger, Jr. mizing shareholder value is providing us with unique leadership he has shown and Chairman by repurchasing our shares. and valuable insight into the many contributions he has Last September, our Board the many applications of made to the success of The approved a $600 million share new-media technology. New York Times Company. repurchase authorization, our Russell T. Lewis Jacqueline H. Dryfoos, a Climbing New Heights in President & largest to date.To take advan- fourth-generation member the Knowledge Age Chief Executive Officer tage of an attractive opportu- of the Ochs-Sulzberger family and a psychotherapist We started the new century in private practice, brings a with momentum, energy and achievement, and are fully prepared for the journalistic, business and technological opportunities ahead.
5 At a Glance
Newspaper Group
91% of Total Revenues
Newspaper Group The New York Times New England Regional Newspaper Group Revenue by Type Newspaper Group Percent 100 Who are we? Who are we? Who are we? Winner of 79 Pulitzer Prizes, The Boston Globe is New Fourteen daily award-winning 80 far more than any other news England’s leading newspaper newspapers.The Group has won organization. and winner of 15 Pulitzer four Pulitzer Prizes. 60 Prizes.The Worcester Telegram 12-month average circulation: 12-month average circulation: & Gazette (T&G), acquired 1,132,400 Weekday 641,500 Weekday (14 newspapers) in January 2000, is the third- 40 1,697,300 Sunday 704,200 Sunday (12 newspapers) largest daily newspaper in Massachusetts. 20 Where are we located? Where are we located? Based in New York City. The Globe’s 12-month average Located in Florida (4), Alabama With 16 news bureaus in circulation: (3), Louisiana (2), North 0 the New York region, 11 467,900 Weekday Carolina (3), California (1) and Other national news bureaus and 719,500 Sunday South Carolina (1). Circulation 26 foreign news bureaus. Advertising The T&G’s 12-month average 2001 Focus The metro edition is printed circulation: Continue to build leadership in Flushing, N.Y. (College 104,100 Weekday position in local markets. Point), and Edison, N.J. 127,700 Sunday Continue to develop category The national edition is printed Where are we located? selling and value-based price at 13 sites: Austin,Tex.;Atlanta, The Globe, based in Boston, initiatives at all properties in Ga.; Billerica, Mass.; Canton, Mass., operates seven local, the Group. Ohio; Chicago, Ill.; Concord and four national and six foreign Torrance, Calif.; Denver, Colo.; Pursue multiple product line news bureaus. It is printed in Fort Lauderdale and Lakeland, extensions to build new revenue Boston and Billerica, Mass. Fla.; Phoenix, Ariz.; Springfield, streams. Newspaper Group The T&G is based in Worcester, Va.; and Tacoma,Wash. Advertising Revenue Mass., west of the Boston Convert to 50-inch web width at eight of the Group’s by Category 2001 Focus metropolitan area. Percent printing facilities to reduce Continue to expand national 2001 Focus newsprint expenses. 100 circulation and advertising Continue to develop joint while strengthening the New Begin construction on revenue opportunities and York franchise. a new printing facility in 80 efficiencies across the editorial, Tuscaloosa,Ala. Maximize advertising and advertising, production and 60 circulation revenue through circulation departments of value-based pricing, aggressive The Globe and the T&G. color premiums and sophisticat- 40 Maintain and improve market ed customer relationship share against key competitors marketing systems. 20 in both markets. In Boston, Continue to extend the brand provide world-class coverage NYT NE Newspapers Regionals Group through news services, archive to upscale readers while also 0 licensing, Internet products and increasing “local” relevance Classified New York Times branded televi- through daily zoning efforts. Retail sion programs. In Worcester, build advertising National revenue through value-based Add new contract print sites. pricing and joint selling to Focus on the next generation The Globe’s help-wanted and of Times readers. national advertising accounts. Extend help-wanted franchise with job fairs conducted by Professional Exchange, a company we acquired in 2000.
6 Broadcast Group Magazine Group New York Times Digital
5% of Total 3% of Total 1% of Total Revenues Revenues Revenues
Eight Network-Affiliated Golf Digest, Golf World, Six Web Properties Broadcast Group TV Stations and Golf World Business and Advertising Revenue Two Radio Stations Golf Digest Woman by Source Percent Who are we? On January 31, 2001, we announced Who are we? 100 TV: Four CBS-, two NBC- and an agreement to sell our Magazine New York Times Digital two ABC-affiliated stations. Group and GolfDigest.com to (NYTD), the Company’s Advance Publications, Inc. Internet division, consists of 80 Five of our stations are ranked NYTimes.com, Boston.com, No. 1 in their markets, while Who are we? newyorktoday.com, 60 the others are strong No. 2’s. Golf Digest is the largest golf WineToday.com, GolfDigest.com publication in the world. Radio: WQXR is the most and Abuzz, an online knowl- 40 listened-to classical music radio Golf World is the world’s lead- edge-sharing network. station in America. WQEW ing weekly golf publication. NYTD also licenses broadcasts Radio Disney under 20 LEXIS/NEXIS, Factiva, Bell & an eight-year contract with Golf World Business is the Howell Information and ABC, Inc. largest and most authoritative 0 golf business publication in Learning,The Dialog Corp., and Where are we located? the field, helping retailers and the Gale Group to store, market Other CBS: WREG (Memphis,Tenn.) golf shop operators manage and distribute its online com- Network Compensation WTKR (Norfolk,Va.) their businesses. puter databases. National WHNT (Huntsville, Ala.) Local Golf Digest Woman, which was GolfDigest.com is included in KFSM (Ft. Smith, Ark.) launched as a separate publica- the Company’s agreement to sell NBC: KFOR (Oklahoma tion in 2000, targets the growing its golf properties to Advance City, Okla.) number of women golfers. Publications, Inc. WHO (Des Moines, Iowa) Average Circulation: Where are we located? ABC: WNEP (Wilkes Barre/ Golf Digest Headquartered in New York,N.Y. Scranton, Penn.) 1,567,600 (12 issues/year) WQAD (Moline, Ill.) 2001 Focus NYTimes.com Golf World Attract and maintain a large Unique Registered Users WQXR 96.3 FM and WQEW 157,700 (46 issues/year) identifiable audience of discrim- In Millions 1560 AM (New York, N.Y.) Golf World Business inating, intelligent users who 16 appreciate and value high-quali- 2001 Focus 18,600 (10 issues/year) ty news and information. 14 Continue to invest in local Golf Digest Woman news programming and market- 250,000 (4 issues/year) Pursue a brick-and-click 12 ing to grow revenues and main- strategy that aligns print and 10 tain strong market positions. Where are we located? digital businesses and cultures Headquartered in Trumbull, in content, sales, branding and 8 Continue to control costs and Conn. Operates golf schools at promotion. improve technology through the 6 13 sites across the country. centralized Digital Operating Move NYTD toward prof- 4 Center (DOC). itability while continuing to increase the scale of the business. 2 Increase revenues by develop- 0 ing ancillary revenue sources, Continue to pursue multi- 96 97 98 99 00 such as the Internet, and by media initiatives. extending the DOC to other station groups. Pursue joint sales and market- ing agreements in selected markets. Continue converting stations to digital television.
7 The Globe and Boston.com In September The Globe launched For NYTimes.com we The Year in Review have partnered to introduce a its graphic redesign, which offers a created the “Mind Over digital and print vehicle for sharper presentation of the news, Chatter” advertising recruitment advertising that updated typography and graphics, Acquiring the Telegram & campaign to help position is jointly branded as BostonWorks and better organization of the paper. Gazette, which traces its the site as the destination The Times provides readers with and BostonWorks.com. proud journalistic tradition for online users seeking complete coverage of the scientific back to 1866, extended our intelligent news. breakthroughs, technological In October The Times became reach to readers and advertis- Political revenues and the In October Boston.com advances and economic develop- the only national newspaper ers throughout eastern and Olympics in Sydney helped celebrated its fifth anniversary. ments that are transforming life sold across Starbucks’ extensive central Massachusetts. boost advertising revenues Since its launch, Boston.com around the world. network of stores nationwide. at our Broadcast Group by has grown into the most visited $15.5 million in 2000. regional portal in the country.
The recount of the presidential election helped to boost circulation revenues at all our In 2000 The Times published newspapers and led to record In November The Times launched five e-commerce special The Sarasota Herald-Tribune, traffic at our Web sites. a new Sunday Magazine Part II – With the election and its sections, generating the largest paper in our Regional Style & Entertaining – covering aftermath,The Times hit a new $6.3 million in revenues. Newspaper Group, celebrated its the intersection of fashion, food record of 20 consecutive banner 75th anniversary last year. headlines in peacetime. and home, three categories of strong advertising growth. NEWSPAPER GROUP Regional Newspaper Group The Courier NYT Management Services 3030 Barrow St. The New York Times 2202 North West Shore Blvd. Houma, LA 70360 229 West 43rd St. Suite 370 (504) 850-1100 New York, NY 10036 Tampa, FL 33607 www.houmatoday.com (212) 556-1234 (813) 864-6000 H. Miles Forrest www.nytimes.com/newsservice Lynn O. Matthews Publisher www.nytimes.com/syndicate President & Chief Michael Slaughter www.homedelivery.nytimes.com Operating Officer Executive Editor www.nytimesfax.com P.Steven Ainsley www.nytcollege.com Senior Vice President The Ledger www.computernewsdaily.com Reginald Davenport 300 W.Lime St. www.entertainmentnewsdaily.com Executive Vice Lakeland, FL 33815 www.yourhealthdaily.com President, Operations (863) 802-7000 Arthur Sulzberger, Jr. www.theledger.com Publisher Regional Newspapers John Fitzwater Janet L. Robinson (alphabetized by city) Publisher President & General Manager Louis M. (Skip) Perez TimesDaily Joseph Lelyveld Executive Editor 219 W.Tennessee St. Executive Editor Company Florence, AL 35630 Howell Raines The Dispatch (256) 766-3434 Listings Editor, Editorial Page 30 E. First Ave. www.timesdaily.com Lexington, NC 27292 Robert J. Gruber New England Newspaper Group (336) 249-3981 Publisher www.the-dispatch.com The Boston Globe Kathy Silverberg Joe S. Sink, Jr. 135 Morrissey Blvd. Executive Editor Publisher P.O. Box 2378 Robert Stiff Boston, MA 02107 The Gadsden Times Executive Editor (617) 929-2000 401 Locust St. www.boston.com/globe Gadsden, AL 35901 Star-Banner www.boston.com/extranet (256) 549-2000 2121 S.W.19th Ave. Rd. Richard H. Gilman www.gadsdentimes.com Ocala, FL 34474 Publisher Roger Quinn (352) 867-4010 Richard J. Daniels Publisher www.star-banner.com President Ron Reaves Charles Stout Matthew V.Storin Executive Editor Publisher Editor Cherie Beers Renée Loth The Gainesville Sun Executive Editor Editor, Editorial Page 2700 S.W.13th St. Gainesville, FL 32608 The Press Democrat Worcester Telegram & Gazette (352) 378-1411 427 Mendocino Ave. 20 Franklin St. www.gainesvillesun.com Santa Rosa, CA 95401 Worcester, MA 01608 www.gatorsports.com (707) 546-2020 (508) 793-9100 James Doughton www.pressdemocrat.com www.telegram.com Publisher www.sonomatraveler.com Bruce S. Bennett James Osteen Michael Parman Publisher Executive Editor Publisher Harry T.Whitin Catherine Barnett Editor Times-News Executive Editor 1717 Four Seasons Blvd. Hendersonville, NC 28792 Sarasota Herald-Tribune (828) 692-0505 801 S.Tamiami Trail www.hendersonvillenews.com Sarasota, FL 34236 Judy D. Robinette (941) 953-7755 Publisher www.newscoast.com William L. Moss Diane McFarlin Executive Editor Publisher Janet Weaver Executive Editor 10 Herald-Journal KFOR-TV WREG-TV Donohue Malbaie Inc. 189 W.Main St. 444 E. Britton Rd. 803 Channel 3 Drive 115 Metcalfe St. Spartanburg, SC 29306 Oklahoma City, OK 73114 Memphis,TN 38103 Suite 800 (864) 582-4511 (405) 424-4444 (901) 543-2333 Montreal, Quebec www.goupstate.com www.kfor.com www.wreg.com H3B 5H2 Canada David O. Roberts Timothy J. Morrissey Robert H. Eoff (514) 875-2160 Publisher President & General Manager President & General Manager www.abicon.com Carl Beck Mary Ann Eckstein Michele Gors John W.Weaver Executive Editor Senior VP,News Director News Director President
Daily Comet KFSM-TV WTKR-TV Madison Paper Industries 705 W.Fifth St. 318 N. 13th St. 720 Boush St. P.O. Box 129 Thibodaux, LA 70301 Fort Smith, AR 72901 Norfolk,VA 23510 Main St. (504) 448-7600 (501) 783-3131 (757) 446-1000 Madison, ME 04950 www.dailycomet.com www.kfsm.com www.wtkr.com (207) 696-3307 H. Miles Forrest Van Comer Sandra Yost www.madisonpaper.com Publisher President & General Manager President & General Manager Leroy J. Barry Jeffrey Zeringue Burnham Edson Tracye Fox President & Chief Executive Editor VP,News Director VP,News Director Executive Officer
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11 Senior Management Team, Board of Directors, Officers and Executives
Senior Management Team Second Column Third Column Fourth Column (from top to bottom) James C. Lessersohn Janet L. Robinson Michael G.Williams Vice President & Treasurer Senior Vice President Vice President & Chief Information Officer Newspaper Operations The New YorkTimes Company John M. O’Brien First Column President & General Manager and The New YorkTimes Senior Vice President & Arthur Sulzberger, Jr. The New YorkTimes Chairman Chief Financial Officer Leonard P.Forman Richard H. Gilman Senior Vice President The New YorkTimes Company Solomon B.Watson IV Publisher Publisher Senior Vice President, Cynthia H. Augustine The Boston Globe The New YorkTimes General Counsel & Secretary Senior Vice President Chairman Human Resources Russell T. Lewis Globe Newspaper Company President & Chief Executive Officer President Lynn O. Matthews Broadcast Group Michael Golden President & Chief Operating Officer Martin A. Nisenholtz Vice Chairman & Regional Newspaper Group Senior Vice President Chief Executive Officer New YorkTimes Digital
Members of the David E. Liddle, 56 Corporate Officers and James C. Lessersohn Board of Directors Partner, U.S.Venture Partners Executives Vice President & Treasurer John F.Akers, 66 Ellen R. Marram, 54 Arthur Sulzberger, Jr. Ann Kraus Director of various corporations Managing Director Chairman Vice President North Castle Partners, LLC. The New YorkTimes Company Compensation & Benefits Brenda C. Barnes, 47 Publisher Director of various corporations The Honorable Catherine J. Mathis Charles H. Price II, 69 The New YorkTimes Vice President Raul E. Cesan, 53 Director of various corporations Russell T. Lewis Corporate Communications President & Chief Operating Officer & charitable organizations President & Chief Executive Officer Schering-Plough Corporation Charles E. Shelton Henry B. Schacht, 66 Michael Golden Vice President Jacqueline H. Dryfoos, 57 Chairman & Chief Executive Officer Vice Chairman & Human Resources, Psychotherapist Lucent Technologies, Inc. Senior Vice President Workforce Development Richard L. Gelb, 76 Donald M. Stewart, 62 Cynthia H. Augustine Stuart Stoller Consultant & director of various President & Chief Executive Officer Senior Vice President Vice President & Corporate Controller corporations & charitable organizations The Chicago Community Trust Human Resources David A.Thurm Michael Golden, 51 Arthur Ochs Sulzberger, 75 President Vice President Vice Chairman & Senior Vice President Chairman Emeritus Broadcast Group Real Estate Development The New YorkTimes Company The New YorkTimes Company Leonard P.Forman Michael G.Williams Robert A. Lawrence, 74 Arthur Sulzberger, Jr., 49 Senior Vice President Vice President & Chief Information Officer Director of various corporations Chairman John M. O’Brien The New YorkTimes Company & charitable organizations The New YorkTimes Company Senior Vice President & and The New YorkTimes Publisher Russell T. Lewis, 53 Chief Financial Officer Rhonda L. Brauer The New YorkTimes President & Chief Executive Officer Assistant Secretary The New YorkTimes Company For biographical information on Solomon B.Watson IV R. Anthony Benten Board members, please see the Senior Vice President, Assistant Treasurer Company’s 2001 Proxy Statement. General Counsel & Secretary 12 10 -K Form 10-K
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2000 Factors That Could Affect Operating Results
Except for the historical information, the matters discussed in this Annual Report are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward- looking statements.These risks and uncertainties include national and local conditions, as well as competition, that could influence the levels (rate and volume) of retail, national and classified advertising and circulation generated by the Company’s various markets and material increases in newsprint and magazine paper prices.They also include other risks detailed from time to time in the Company’s publicly filed documents, including its Annual Report on Form 10-K for the period ended December 31, 2000, which is included in this Annual Report.The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. A Special Offer for Being a Valued Shareholder The New York Times Company
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More than 6,000 entries on grammar, spelling, How Race Is Lived punctuation and word in America meaning as recommended to writers and editors of The New York Annual Report Times Company 2000 Hailed as a landmark work The Times. Perfect for of journalism when it appeared writers, editors, students, as a series in The Times, researchers and all who “How Race Is Lived in America” love language. is now a landmark book, enhanced with interviews, $22.50 commentaries, poll data and personal reports by the reporters and photographers who worked on the original project.
$27.50 Available in April 2001.
To order, call (800) 671-4332. Mention that you read about this offer in the Company’s 2000 Annual Report and receive a 10% discount on all items. Prices do not include shipping and handling.
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