New York Times Co 

Real Estate 9,309 -13.9% 17,760 -14.5%
Automotive 5,275 -4.4% 10,515 -7.2%
Other 6,948 -1.3% 14,265 -1.6%
------------- ------------
Total
Classified 27,869 -8.6% 54,870 -9.7%
Other 5,969 -5.1% 10,868 -5.7%
------------- ------------
Total Company $ 207,454 -5.8% $ 398,621 -8.5%
=== ======== ========



THE NEW YORK TIMES COMPANY
FOOTNOTES
(Dollars in thousands)

(a) Other revenues consist primarily of revenues from news
services/syndication, commercial printing and distribution, rental
income, digital archives and direct mail advertising services.

(b) Includes $6.7 million of accelerated depreciation expense in the first
quarter of 2012 for certain assets at the Worcester Telegram & Gazette's
facility in Millbury, Mass., associated with the consolidation of most of
its printing into The Boston Globe's facility in Boston, in the second
quarter of 2012.

(c) In the second quarter of 2012, the Company recorded a $37.8 million gain
on the sale of its remaining 210 units in Fenway Sports Group. In the
first quarter of 2012, the Company recorded a $17.8 million gain on the
sale of 100 of its units in Fenway Sports Group.

(d) In the first quarter of 2012, the Company recorded a $4.9 million
non-cash charge for a write-down of certain investments.

(e) On September 24, 2012, the Company completed the sale of the About Group,
consisting of About.com, ConsumerSearch.com, CalorieCount.com and related
businesses. The results of the About Group have been classified as
discontinued operations in 2012.
On January 6, 2012, the Company completed the sale of its Regional Media
Group, consisting of 16 regional newspapers, other print publications and
related businesses. The results of the Regional Media Group have been
classified as discontinued operations in 2012.
The following table summarizes the 2012 results of operations presented
as discontinued operations for both the About Group and the Regional
Media Group:




Second Quarter Six Months
-------------------------------- ----------------------------------
2012 2012
-------------------------------- ----------------------------------
Regional Regional
About Media About Media
Group Group Total Group Group Total
---------- -------- ---------- ---------- -------- -----------
Revenues $ 25,410 $ -- $ 25,410 $ 49,354 $ 6,115 $ 55,469
Total
operating
costs 17,505 -- 17,505 34,453 8,017 42,470
Write-down of
assets 194,732 -- 194,732 194,732 -- 194,732
--------- ------- --------- --------- ------- --------
Pre-tax loss (186,827) -- (186,827) (179,831) (1,902) (181,733)
Income tax
benefit 65,643 -- 65,643 62,968 736 63,704
--------- ------- --------- --------- ------- --------
Loss from
discontinued
operations,
net of income
taxes (121,184) -- (121,184) (116,863) (1,166) (118,029)
(Loss)/gain on
sale, net of
income
taxes:
Loss on sale -- (7,026) (7,026) -- (4,717) (4,717)
Income tax
benefit -- 2,521 2,521 -- 30,448 * 30,448
--------- ------- --------- --------- ------- --------
(Loss)/gain on
sale, net of
income taxes -- (4,505) (4,505) -- 25,731 25,731
--------- ------- --------- --------- ------- --------
(Loss)/income
from
discontinued
operations,
net of income
taxes $(121,184) $(4,505) $(125,689) $(116,863) $24,565 $(92,298)
======== ====== ======== ======== ====== =======
* Tax benefit is primarily due to a tax deduction for
goodwill.




THE NEW YORK TIMES COMPANY
RECONCILIATION OF NON-GAAP INFORMATION
(Dollars in thousands, except per share data)

In this release, the Company has included non-GAAP financial information with
respect to diluted earnings per share from continuing operations excluding
severance and special items; operating profit before depreciation,
amortization, severance and special items (if any); and operating costs before
depreciation, amortization, severance and raw materials. The Company has
included these non-GAAP financial measures because management reviews them on
a regular basis and uses them to evaluate and manage the performance of the
Company's operations. Management believes that, for the reasons outlined
below, these non-GAAP financial measures provide useful information to
investors as a supplement to reported diluted earnings/(loss) per share from
continuing operations, operating profit/(loss) and operating costs. However,
these measures should be evaluated only in conjunction with the comparable
GAAP financial measures and should not be viewed as alternative or superior
measures of GAAP results.

Diluted earnings/(loss) per share from continuing operations excluding
severance and special items provide useful information in evaluating the
Company's period-to-period performance because it eliminates items that the
Company does not consider to be indicative of earnings from ongoing operating
activities. Operating profit/(loss) before depreciation, amortization,
severance and special items (if any) is useful in evaluating the Company's
ongoing performance of its businesses as it excludes the significant non-cash
impact of depreciation and amortization as well as items not indicative of
ongoing operating activities. Total operating costs include depreciation,
amortization, severance and raw materials. Total operating costs excluding
these items provide investors with helpful supplemental information on the
Company's underlying operating costs that is used by management in its
financial and operational decision-making.

Reconciliations of these non-GAAP financial measures from, respectively,
diluted earnings per share from continuing operations, operating profit and
operating costs, the most directly comparable GAAP items, are set out in the
tables below.



Reconciliation of diluted earnings per share from continuing operations
excluding severance and special items
------------------------------------------------------------------------

Second Quarter
----------------------------
2013 2012 % Change
--------- ------- --------
Diluted earnings per share from continuing
operations $ 0.13 $ 0.25 -48.0%
Add:
Severance 0.01 0.01
Special item:
Gain on sale of investment -- (0.15)
--------- ------ --------
Diluted earnings per share from continuing
operations excluding severance and
special item $ 0.14 $ 0.11 27.3%
===== ===== ========




THE NEW YORK TIMES COMPANY
RECONCILIATION OF NON-GAAP INFORMATION (continued)
(Dollars in thousands)

Reconciliation of operating profit before depreciation & amortization and
severance
----------------------------------------------------------------------------------

Second Quarter Six Months
---------------------------- ----------------------------
2013 2012 % Change 2013 2012 % Change
-------- -------- -------- -------- -------- --------
Operating
profit $ 53,431 $ 44,068 21.2% $ 77,095 $ 57,553 34.0%
Add:
Depreciation
&
amortization 21,608 22,920 43,408 53,036
Severance 2,716 1,844 7,667 7,120
-------- -------- -------- -------- -------- --------
Operating
profit before
depreciation
&
amortization
and
severance $ 77,755 $ 68,832 13.0% $128,170 $117,709 8.9%
======= ======= ======== ======= ======= ========


Reconciliation of operating costs before depreciation & amortization, severance
and raw materials
----------------------------------------------------------------------------------

Second Quarter Six Months
-------------------------------- --------------------------------
2013 2012 % Change 2013 2012 % Change
-------- -------- -------- -------- -------- --------
Operating
costs $431,932 $445,734 -3.1% $874,201 $907,681 -3.7%
Less:
Depreciation
&
amortization 21,608 22,920 43,408 53,036
Severance 2,716 1,844 7,667 7,120
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