1、THE NEW YORK TIMES COMPANY ANNUAL REPORT 2005229 West 43rd StreetNew York,NY 10036tel 2005PURSUING OUR MULTIPLATFORM FUTURETHE NEW YORK TIMES COMPANY ANNUAL REPORT 200505PURSUING OUR MULTIPLATFORM FUTUREThe New York Times Company Annual Report 2005112022_Cov_R1 2/28/06 4:58 PM Page 1The New York Tim
2、esNYTNYT Radio/WQXRInternational Herald TribuneNews ServicesDiscovery Times Channel(50%interest)The Boston GlobeBWorcester Telegram&GazetteGlobe Specialty ProductsMetro Boston(49%interest)Red Sox/NESN(17%interest)14 Daily NewspapersWeb SitesWeekly NewspapersCommunity MagazinesDatabase MarketingCable
3、 News9 TV StationsDuopoly:Oklahoma CityWeb SitesNewspaper PartnershipsCable News500 Guides57,000 Topics1.2 Million Pieces of Original ContentAbout SuperGuides VideosOnline Custom Publishing ProgramsNEW YORKTIMESMEDIA GROUPNEW ENGLAND MEDIA GROUPREGIONAL MEDIA GROUPBROADCAST MEDIA GROUPABOUT.COMGROUP
4、SPLATFORMSEXAMPLESOUR MULTIPLATFORM APPROACH112022_Platforms_R5 2/28/06 5:06 PM Page 2Great institutions successfully make the transition into a new era by knowing what must be preserved,what must be learned,what must be reevaluated,and when it is time to go in a new direction.These are never easy d
5、ecisions,but they are absolutely necessary as we contendwith the financial,technological and market developmentsthat are transforming our industry.As we enter the second half of the decade,our consumershave more media options,newspaper circulation is underincreasing pressure,and consolidation among
6、major advertisershas contributed to lower growth in newspaper advertisingthan in past years.Costs for newsprint,compensation andmarketing have been rising.All of these factors affected ourresults in 2005,as our diluted earnings per share(EPS)decreased to$1.78 from$1.96.Our 2005 EPS included a gain o