New York Times (NYT) 2006年年度报告「NYSE」.pdf

1、*We are increasing our operational efficiency and reducing bothfixed and variable costs;andOver the past year,we have been adapting and transforming The New York Times Company to improve its financial performanceand position it for success well into the future.Our strategy is centeredupon five criti

2、cal areas that address the changes in our markets:*We are enhancing the positions of our strong brands throughthe introduction of innovative new products and servicesacross media platforms;And we are proud to say that we are successfully executing on allof these fronts.*We are aggressively pursuing

3、leadership positions in keycontent verticals,both in print and online;*We are continuing to rebalance our portfolio of propertiesand to exercise financial discipline as we allocate capital for thebenefit of our shareholders.*We are building a vibrant,long-term innovation capabilitythat helps us anti

4、cipate consumer preferences and create waysof satisfying them;The New YorkTimes CompanyStrategyTHE NEW YORK TIMES COMPANYP.1COST SAVINGSAs a result of steps we havetaken over the past two years,we have reducedcosts and realizedproductivity gains of$120 million.Thiswork continues.1.Consolidating ourp

5、rinting plants 2.Continuing ourprocess engi-neering initiatives3.Reconfiguringour workforce4.Decreasing ournewsprintconsumption improvingopera-tionalefficiencyandreducingcosts hasbeen apriorityfor us.We are proud of what we haveaccomplished,but we also recog-nize much more needs to be done toimprove

6、 our financial performance.As we are well aware,our chal-lenges are considerable as reflectedin last years results.For 2006,wereported a net loss of$543 millionor$3.76 per share(on a dilutedbasis)as a result of a non-cashcharge of$814 million($736 millionor$5.09 per share)for the write-down of asset