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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.