The New York Times Company to Sell TimesDaily to Shelton Family, Publishers of The Decatur Daily

NEW YORK--(Business Wire)--
The New York Times Company has entered into an agreement to sell the TimesDaily
and TimesDaily.com, located in Florence, Ala., to the Tennessee Valley Printing
Company, Inc., which publishes The Decatur Daily in nearby Decatur, Ala., and is
owned by the Shelton Family. The TimesDaily, which is part of the Company`s
Regional Media Group, has daily circulation of 27,785 and Sunday circulation of
29,171.

"The TimesDaily is an outstanding newspaper with very talented employees," said
Janet L. Robinson, president and CEO of The New York Times Company. "The Shelton
family knows Florence well and values the role the TimesDaily plays in the
community."

The Decatur Daily's general manager, Clint Shelton, said, "We are confident this
transaction will strengthen both newspapers through the synergies that we will
achieve. The long traditions of both newspapers of providing leadership in The
Tennessee Valley will continue."

The terms of the agreement were not disclosed.

The Decatur Daily is independently owned and under its fourth generation of
leadership from the Shelton family. Along with The Daily, Tennessee Valley
Printing owns and operates the Moulton Advertiser, a weekly in nearby Lawrence
County, Ala.

The New York Times Company, a leading media company with 2008 revenues of $2.9
billion, includes The New York Times, the International Herald Tribune, The
Boston Globe, 16 other daily newspapers, WQXR-FM and more than 50 Web sites,
including NYTimes.com, Boston.com and About.com. The Company`s core purpose is
to enhance society by creating, collecting and distributing high-quality news,
information and entertainment.

This press release can be downloaded from www.nytco.com

The New York Times Company
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
or
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com

Copyright Business Wire 2009