The New York Times Company, Univision and WNYC Enter Into Exchange/Sale Agreement That Preserves WQXR`s Classical Music Format and Enables WCAA to Expand Its Coverage

NEW YORK--(Business Wire)--
The New York Times Company has entered into an agreement with subsidiaries of
Univision Radio Inc. and with WNYC Radio for the sale of WQXR-FM, its New York
City radio station for a total of $45 million. The transaction will enable
WQXR-FM to continue its 73-year legacy of providing classical music and other
cultural programming to listeners in the New York metropolitan area. Univision
Radio is a division of Univision Communications Inc., the leading Spanish
language media company in the United States. WNYC is the nation`s largest AM/FM
public radio station.

Univision Radio will pay the Times Company $33.5 million to exchange the FCC
105.9 FM broadcast license and transmitting equipment for the Times Company`s
license, equipment and stronger signal at 96.3 FM. At the same time, WNYC Radio
will purchase the FCC license for 105.9 FM, all related transmitting equipment
and WQXR`s call letters and Web site from the Times Company for $11.5 million.
Univision Radio will retain the WCAA call letters.

As a result of this transaction, Univision Radio will transition WCAA 105.9 FM
to 96.3 FM, providing the Spanish-language operator with expanded coverage and
enhancing its service to the growing New York Hispanic demographic. WNYC will
operate WQXR-FM on 105.9 FM and continue to serve the vast majority of its
current audience as a listener-supported public station dedicated to classical
music.

The transaction is expected to close in the second half of the year after FCC
approval has been granted.

"WQXR is the nation`s preeminent classical music station," said Janet L.
Robinson, president and CEO of The New York Times Company. "We are very pleased
that this transaction will preserve WQXR`s ability to serve New York City`s
classical music audience and its cultural institutions as a public radio
station."

Gary Stone, president and COO of Univision Radio said, "This transaction
provides the Hispanic population of New York and the surrounding area with more
diversity in music, entertainment and news, while classical music will continue
to have a home."

"WNYC is thrilled to preserve a dedicated classical music presence on the FM
dial," said Laura Walker, president and chief executive officer of WNYC.
"Finding another platform for music has long been a dream of ours, and the WQXR
acquisition uniquely suits our goals and aspirations as a provider of news and
cultural content. We`re confident that the public media model will ensure that
WQXR continues to thrive. We look forward to extending this iconic brand to a
new generation of classical music listeners on-air and online."

Ms. Walker explained as well that WNYC has begun a fundraising effort, The
Campaign to Preserve Classical Music Radio in New York City, to help make the
acquisition possible.

WQXR-AM was founded by engineer John Hogan and advertising executive Elliott
Sanger in 1936 as the nation`s first commercial classical station. The FM
station signed on in 1939 and both were sold to The New York Times Company in
1944. The Times Company completed the sale of the AM station to Radio Disney in
2006.

Except for the historical information contained herein, the matters discussed in
this press release are forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from those
predicted by such forward-looking statements. These risks and uncertainties
include national and local conditions, as well as competition, that could
influence the levels (rate and volume) of retail, national and classified
advertising and circulation generated by our various markets and material
increases in newsprint prices. They also include other risks detailed from time
to time in The New York Times Company's publicly filed documents, including the
Company's Annual Report on Form 10-K for the year ended December 28, 2008.

The New York Times Company (NYSE:NYT), a leading media company with 2008
revenues of $2.9 billion, includes The New York Times, the International Herald
Tribune, The Boston Globe, 15 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.

Univision Communications Inc. is the premier Spanish-language media company in
the United States. Its operations include Univision Network, the most-watched
Spanish-language broadcast television network in the U.S. reaching 95% of U.S.
Hispanic Households; TeleFutura Network, a general-interest Spanish-language
broadcast television network, which was launched in 2002 and now reaches 85% of
U.S. Hispanic Households; Galavisión, the country`s leading Spanish-language
cable network; Univision Television Group, which owns and operates 64 television
stations in major U.S. Hispanic markets and Puerto Rico; Univision Radio, the
leading Spanish-language radio group, which owns and/or operates 68 radio
stations in 16 of the top 25 U.S. Hispanic markets and 5 stations in Puerto
Rico; and Univision Interactive Media, which includes http://www.univision.com,
the premier Spanish-language Internet destination in the U.S. and Univision
Móvil, the industry`s most comprehensive Spanish-language suite of mobile
offerings. Univision Communications also has a 50% interest in TuTv, a joint
venture formed to broadcast Televisa`s pay television channels in the U.S.
Univision Communications has television network operations in Miami and
television and radio stations and sales offices in major cities throughout the
United States. For more information, please visit www.univision.net.

WNYC Radiois New York's premier public radio station, comprising WNYC 93.9 FM,
WNYC AM 820 and www.wnyc.org. As America's most listened-to public radio
stations, reaching more than one million listeners every week, WNYC extends New
York City's cultural riches to the entire country on-air and online, and
presents the best national offerings from networks National Public Radio, Public
Radio International and American Public Media. WNYC 93.9 FM broadcasts a wide
range of daily news, talk, cultural and classical music programming, while WNYC
AM 820 maintains a stronger focus on breaking news and international news
reporting. In addition, WNYC produces content for live, radio and web audiences
from The Jerome L. Greene Performance Space, the station`s street-level
multipurpose, multiplatform broadcast studio and performance space. For more
information about WNYC, visit www.wnyc.org.

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

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For The New York Times Company:
Catherine J. Mathis, 212-556-1981
mathis@nytimes.com
Paula Schwartz, 212-556-5224
paula.schwartz@nytimes.com
or
For Univision Radio:
Monica Talan, 212-455-5331
mtalan@univision.net
or
For WNYC:
Jennifer Houlihan, 646-829-4497
jhoulihan@wnyc.org

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