The New York Times Company http://www.alacrastore.com/company-snapshot/The_New_York_Times_Company-1012026 Friday, January 09, 2009 4:32:51 AM 1012026 The New York Times Company en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/694987spcred/694987normThe latest Full Report from S&Pglobal1/7/2009 6:27:21 PM400Full Report694987United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentFull ReportSolid brand and good relative market position Online and circulation revenues are larger than, and have growth profiles that compare favorably to, peers A long U.S. recession will continue to meaningfully and negatively affect ad revenue, exacerbating the ongoing secular decline Sizable debt levels The rating on New York City-based The New York Times Co. reflects our expectation that a long U.S. economic recession will continue to meaningfully exacerbate secular rates of ad revenue decline over at least the next year. This would prolong the time (possibly until 2010) when ad revenues could potentially begin to moderate to more manageable rates of decline--a precondition for executing revenue strategies and cost-cutting actions that can potentially stabilize EBITDA generation. It is ourUSA65011165011Q65011J65011K25401040 254010 2540 25New York Times Co. (The)130026USANYTFULLGLOBISSCORPLEVFINMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/694991spcred/694991normThe latest Summary from S&Pglobal1/7/2009 6:27:00 PM175Summary694991United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentSummaryThe rating on New York City-based The New York Times Co. reflects our expectation that a long U.S. economic recession will continue to meaningfully exacerbate secular rates of ad revenue decline over at least the next year. This would prolong the time (possibly until 2010) when ad revenues could potentially begin to moderate to more manageable rates of decline--a precondition for executing revenue strategies and cost-cutting actions that can potentially stabilize EBITDA generation. It is our estimate that the company's total revenue will decline in the mid-teens percentage area in 2008 year over year, and that EBITDA (after buyout expenditures) will decline by more than 30% in 2008 and by about an additional 30% well into 2009. The current 'BB-'USA65011K65011J65011Q65011125401040 254010 2540 25New York Times Co. (The)130026USANYTSUMMARYGLOBISSCORPLEVFINMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/BW-0001-30904249newstex/BW-0001-30904249xml Jan. #, #### (Business Wire) -- The New York Times Company announced today that its fourth-quarter and full-year #### earnings conference call will be held on Wednesday, January ##, at ##:## a.m. E.T. The Companya€™s earnings announcement...04000000040160000401601804016048040160011/7/2009 2:18:30 PM180000001800800018004000190000001900100019001032Business WireBW-0001-30904249NEW YORK TIMES CONYTNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/T2040811ccbn/T2040811norm... - UBS - Managing Director - Media Investment Banking Group Good afternoon. Hello, my name is [Frederico Georges] and I'm managing director in the Media Investment Banking Group at UBS. I would like to welcome with us this afternoon the senior management team of The New York Times. Janet Robinson, President and Chief Executive Officer; Scott Heekin-Canedy, Jim Follo and Martin Nisenholtz. With that, I will hand it over to Janet. ... 12/9/2008 7:05:00 PMThe New York Times Company54.0000FinalThe New York Times Company at UBS Global Media and Communications Conference TranscriptNYT2:30pm ETTranscriptT2040811Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/cs/77449cs/77449norm New York Times Co. #Q## Tearsheet The New York Times has very poor liquidity and has to depend on banks to refinance next year. Bank demands could lead to subordination of bonds and lower cash flow.The company finally cut its dividend....77449647YesC21Tearsheet1312/7/2008 4:04:37 PM1501725tearsheets/premium77449Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/CMT_0000463941moodys/CMT_0000463941htmlGlobal Credit Research Issuer Comment ## NOV #### Issuer Comment: New York Times Company (The) Moody's Comments on The New York Times Company's Dividend Reduction Moody's Investors Service indicated that The New York Times Company's...11/22/2008 12:49:12 AMhtmlNew York Times Company (The)New York Times Company (The)549515150.0000NewsIssuer CommentCMT_0000463941Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/cs/76633cs/76633norm Synchronized Swinging On Gannett Ratings The ratings agencies took nearly synchronized whacks out of their debt ratings for Gannett Both agencies downgraded by two notches instead of the usual one notch, but the company remained investment...76633824YesC0Article17251117corp1333Capital Structure11/11/2008 10:05:31 PM150Moody's and S&P downgraded Gannett's debt ratings by two notches, leaving Gannett investment grade for the time being. Based on the expectations baked into the new ratings, it appears to us Gannett could hang onto those ratings.76633Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/bir/306297bir/306297normNew York Times Co.The New York Times Co.United StatesManufacturing: Media: Newspaper and magazine publishing, television broadcasting, Internet-based information services. Manufacturing: holding company.2711272173834833671951111051112051512051911055111217IKNYT11/6/2008 6:17:00 AM306297Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/PR_165488_549515moodys/PR_165488_549515htmlGlobal Credit Research Rating Action ## OCT #### Rating Action: New York Times Company (The) Moody's Places New York Times (Baa# Sr. Unsec.) on Review for Possible Downgrade Approximately $### Million of Debt Affected New York, October...10/24/2008 9:16:45 AMhtmlNew York Times Company (The)New York Times Company (The)549515150.0000NewsRating ActionPR_165488_549515Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/678680spcred/678680normThe latest Research Update from S&Pglobal10/23/2008 6:28:00 PM175Research Update678680United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentResearch UpdateOn Oct. 23, 2008, Standard&Poor's Ratings Services lowered its corporate credit rating on The New York Times Co. to 'BB-' from 'BBB-'. The rating was removed from CreditWatch, where it was placed July 23, 2008. The rating outlook is negative. At the same time, we lowered our issue-level rating on the company's unsecured debt issues to 'BB-' (at the same level as the 'BB-' corporate credit rating) from 'BBB-'. The issue-level rating was also removed from CreditWatch. In addition, we assigned a recovery rating of '4' to this debt, indicating the expectation for average (30% to 50%) recovery in the event of a payment default. The ratings downgrade reflects our expectation that a likely U.S. economic recession overUSA65011165011Q65011J65011K25401040 254010 2540 25New York Times Co. (The)130026USANYTRESUPDGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/678679spcred/678679normThe latest News from S&Pglobal10/23/2008 6:28:00 PM100News678679United StatesPublishingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentNewsNEW YORK (Standard&Poor's) Oct. 23, 2008--Standard&Poor's Ratings Services today lowered its corporate credit rating on The New York Times Co. to 'BB-' from 'BBB-'. The rating was removed from CreditWatch, where it was placed July 23, 2008. The rating outlook is negative. At the same time, we lowered our issue-level rating on the company's unsecured debt issues to 'BB-' (at the same level as the 'BB-' corporate credit rating) from 'BBB-'. The issue-level rating was also removed from CreditWatch. In addition, we assigned a recovery rating of '4' to this debt, indicating the expectation for average (30% to 50%) recovery in the event of a payment default. "The ratings downgrade reflects our expectation that a likelyUSA65011165011Q65011J65011K25401040 254010 2540 25New York Times Co. (The)130026USANYTNEWSGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1978292ccbn/B1978292norm...Reported preliminary loss per share from continuing operations of $#.## including $#.## per share expense for severance costs vs. $#.## earnings per share last year including $#.## per share for severance costs. ... 10/23/2008 12:11:00 PMThe New York Times Company54.0000EditedThe New York Times Company Q3 2008 Earnings Conference Call SummaryNYT11:00am ETBriefB1978292Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1978292ccbn/T1978292norm...Good day and welcome to the The New York Times third quarter #### earnings conference call. Today's call is being recorded. (OPERATOR INSTRUCTIONS) For opening remarks and introductions, I would like to turn the call over to Ms. Catherine Mathis. Please go ahead, ma'am. ... 10/23/2008 12:11:00 PMThe New York Times Company54.0000FinalThe New York Times Company Q3 2008 Earnings Conference Call TranscriptNYT11:00am ETTranscriptT1978292Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/SMA-0035-28942491newstex/SMA-0035-28942491xml Oct. ##, #### (STPNS delivered by Newstex) -- No shareholder vote for now Ordinarily, a shareholder vote is required, but Wachovia's (NYSE:WB) board will bypass shareholder approval as it issues preferred shares to Wells Fargo as...060000000600100006001002040000000401600004016047040050000400500602000000020020000200200610/23/2008 9:26:05 AM1800000018012000180160001900000019001000190010401900103319001009The Columbia StarSMA-0035-28942491DUKE ENERGY CORPORATIONDUKE ENERGY CORPORATION 6.375% A 1993 SERIESNEW YORK TIMES COWACHOVIA CORP NEWDUKDUK PRANYTWBNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/MCOM-0004-28649232newstex/MCOM-0004-28649232xml Oct. ##, #### (M# Communications Ltd. delivered by Newstex) -- The New York Times, a publication of media company The New York Times Company (NYSE:NYT), announced on Thursday (# October) two new appointments, both effective # November...0900000009015000040000000401600004016008040040000400400310/10/2008 6:18:50 AM1800000018007000190000001900100019001032M2 EquityBitesMCOM-0004-28649232NEW YORK TIMES CODavid A ThurmMICHAEL GOLDENNYTNewsNewstexUS - Carlos Slim Helu acquired a #.#% stake, or #.### mil common shares, in New York Times Co, a publishing company, in a privately negotiated transaction.9/12/2008 12:15:48 PM80634L65011180634L650111Carlos Slim HeluNew York Times CoCarlos Slim HeluNew York Times Cohttp://www.alacrastore.com/storecontent/Thomson_M%26A/Carlos_Slim_Helu_acquires_a_minority_stake_in_New_York_Times_Co-2011474020sdc/20114740202011474020Copyright © 2008, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesMexicoInvestors, nec6799FFForeignInvestor6799:Investors, nec6799:Investors, necNew YorkPrinting, Publishing, and Allied ServicesUnited StatesNewspapers: publishing, or publishing & printing2711NYNew YorkPublicNYT642742001IndividualPublishing coUnspecifiedCommon Stock11034001Sep 12 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000Carlos Slim Helu, is a Mexicanbusinessman largely focused onthe telecommunicationsindustry. He is the secondrichest man in the world witha net worth of around U.S. $60billion through his holdings.Carlos Slim Helu, is a Mexican businessman largely focusedon the telecommunications industry. He is the second richestman in the world with a net worth of around U.S. $60 billionthrough his holdings.Carlos Slim Helu, is a Mexican businessman largely focused on the telecommunications industry. He is the second richest man in the world with a net worth of around U.S. $60 billion through his holdings.1.000002.000003.000004.000005.000006.000007.000008.00000New York Times Co, located inNew York, New York, is apublishing company. It alsoowns and operates televisionand radio stations, cablesystems and newsprint mills.The company was founded in1851.New York Times Co, located in New York, New York, is apublishing company. It also owns and operates television andradio stations, cable systems and newsprint mills. Thecompany was founded in 1851.New York Times Co, located in New York, New York, is a publishing company. It also owns and operates television and radio stations, cable systems and newsprint mills. The company was founded in 1851.0.000000.000000.00000143.78000Y10 Sep 08Wed, 10 Sep 2008 00:00:00 ESTDate Announced: 09/10/200810 Sep 08Date Effective: 09/10/200810 Sep 08Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000006.400006.400000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006.400000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000US - Carlos Slim Helu acquireda 6.4% stake, or 9.202 milcommon shares, in New YorkTimes Co, a publishingcompany, in a privatelynegotiated transaction.US - Carlos Slim Helu acquired a 6.4% stake, or 9.202 mil common shares, in New York Times Co, a publishing company, in a privately negotiated transaction.US - Carlos Slim Helu acquired a 6.4% stake, or 9.202 mil common shares, in New York TimesCo, a publishing company, in a privately negotiated transaction.US - Carlos Slim Helu acquired a 6.4% stake, or 9.202 mil common shares, in New York Times Co, a publishing company, in a privately negotiated transaction.US - Carlos Slim Helu acquired a 6.4% stake, or 9.202 mil common shares, in New York Times Co, a publishing company, in a privatelynegotiated transaction.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002621:Paper mills2711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing4832:Radio broadcasting stations4833:Television broadcasting stations642742001Mexico6799ForeignInvestor2621:Paper mills2711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing4832:Radio broadcasting stations4833:Television broadcasting stations11034001New YorkUnited States2711New YorkPublicNYT0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/72315cs/72315norm New York Times Co. #Q## Tearsheet Two hedge funds got Board seats. The company is open to discussion, but we don't think the new members can convince the other directors that the firm should lever up.The dual-class structure may protect...72315614YesC21Tearsheet1725tearsheets/premium139/4/2008 10:06:26 PM15072315Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/PR_160017_549515moodys/PR_160017_549515htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: New York Times Company (The) Moody's Changes New York Times' Rating Outlook to Negative Approximately $### Million of Debt Instruments Affected New York, July ##, ####...7/30/2008 1:34:54 AMhtmlNew York Times Company (The)New York Times Company (The)549515150.0000NewsRating ActionPR_160017_549515Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1880658ccbn/B1880658norm...No special items this past quarter, last year had two; $#.## loss on sale of printing facility and $#.## gain on sale of radio station. ... 7/24/2008 4:05:00 AMThe New York Times Company54.0000EditedThe New York Times Company Q2 2008 Earnings Conference Call SummaryNYT11:00am ETBriefB1880658Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/cs/72134cs/72134norm NYT: S&P's Itchy Trigger Finger The New York Times was hit with some of the same late-quarter cuts in national advertising spend as early-reporter Gannett, but the quarter was not as bad on the national ad front The beginning of the...66Earnings Reports - TMT7/23/2008 11:06:04 PM150The New York Times national advertising sales in June hit some of the same air pockets as Gannett, and the downdrafts continue in July. S&P put on watch for downgrade even though the company could meet S&P's 2008 bogeys, we think.721342159YesD0Article17251117corp1333Capital Structure72134Credit & Investment ResearchCreditSights