Earnings Call Excerpt
The New York Times Company (NYT)
Q4 2005 Earnings Conference Call
January 24th 2006, 11:00 AM.
Executives:
Catherine Mathis, Vice President, Corporate Communications
Janet Robinson, President and Chief Executive Officer
Leonard Forman, Executive Vice President and Chief Financial Officer
Scott Heekin-Canedy, President and General Manager of the New York Times
Martin Nisenholtz, Senior Vice President, Digital Operations
Jim Lessersohn, Vice President of Finance and Corporate Development
Stu Stoller, Vice President of Process Engineering and Corporate Controller
Tony Benten, Vice President and Treasurer
Analysts:
Craig Huber, Lehman Brothers
Alexia Quadrani, Bear Stearns
Paul Ginocchio, Deutsche Bank
John Janedis, Banc of America Securities
Steven Barlow, Prudential Equity Group
Frederick Searby, JP Morgan
Karl Choi, Merrill Lynch
Douglas Arthur, Morgan Stanley
Edward Atorino, Benchmark
Christa Quarles, Thomas Weisel Partners
Debra Schwartz, Credit Suisse
Mike Kupinski, AG Edwards
Bob Willis, Willis Investment Counsel
Presentation
Good day everyone, and welcome to the New York Times Quarter Four 2005 Earnings Conference Call. Today's call is being recorded. A question-and-answer session will follow today's presentation. At that time if you'd like to ask a question, please press ?*’ ?1’ on your telephone keypad. For opening remarks and introductions, I would like to turn the conference over to Ms. Catherine Mathis. Please go ahead.
Catherine Mathis, Vice President, Corporate Communications
Thank you and good morning, everyone. Welcome to our earnings conference call. We have several members of our Senior Management Team here today to discuss our results with you. And they include Janet Robinson, our President and Chief Executive Officer. Leonard Forman our Executive Vice President and Chief Financial Officer. Scott Heekin-Canedy, President and General Manager of the New York Times, Martin Nisenholtz, Senior Vice President, Digital Operations, Jim Lessersohn, our Vice President of Finance and Corporate Development, Stu Stoller, our Vice President of Process Engineering and Corporate Controller and Tony Benten, our Vice President and Treasurer.
Our discussion today will include forward-looking statements, and our actual results may differ from those predicted. The factors that may cause them to differ are outlined in our 2004 10-K and third quarter 10-Q. This presentation will also include a non-GAAP financial measure, and we've provided reconciliations for the most recently comparable GAAP measure in our earnings press release, which is available on our website, www.nytco.com. This conference call is being webcast, and an archive will be available on our web site, as will a transcript, an audio replay will also be available and the directions are in our press release. So with that let me turn the call over to Janet Robinson.
Couple of questions. First let’s about home delivery prices, I was wondering if you have plans to also alter a newsstand at some point, as well. I think, it's been a couple years. I remember, that was right since you have done that. And then online side the $198 million, obviously I can back out the About.com fairly easily. But it seems like a higher number than what I had been sort of calculating based on your gains that you described since you used to report ?New York Times
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