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The New York Times' CEO Discusses Q1 2012 Results - Earnings Call Transcript

The New York Times (NYT)

Q1 2012 Earnings Call

April 19, 2012 11:00 am ET

Executives

Paula Schwartz - Assistant Director of Investor Relations & Online Communications

Arthur O. Sulzberger - Chairman, Interim Chief Executive Officer and Publisher of The Times

James M. Follo - Chief Financial Officer and Senior Vice President

Scott Heekin-Canedy - President and General Manager

Analysts

Alexia S. Quadrani - JP Morgan Chase & Co, Research Division

John Janedis - UBS Investment Bank, Research Division

Craig Huber

Catriona Fallon

Craig A. Huber - Access 3:42, LLC

Douglas M. Arthur - Evercore Partners Inc., Research Division

Edward J. Atorino - The Benchmark Company, LLC, Research Division

William G. Bird - Lazard Capital Markets LLC, Research Division

Leo Kulp - Citigroup Inc, Research Division

Presentation

Operator

Good day, and welcome to the The New York Times Company's First Quarter Earnings 2012 Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to your host, Ms. Paula Schwartz. You may begin.

Paula Schwartz

Thank you, and good morning, everyone. Welcome to our first quarter 2012 earnings conference call. We have several members of our senior managing team here to discuss our results with you including Arthur Sulzberger, Jr., Chairman and Chief Executive Officer; Jim Follo, Senior Vice President and Chief Financial Officer; and Scott Heekin-Canedy, President and General Manager of The Times.

All of the comparisons on this conference call will be for the first quarter of 2012 to the first quarter of 2011, unless otherwise stated. Our discussion will include forward-looking statements, and our actual results may differ from those predicted. Some of the factors that may cause them to differ are included in our 2011 10-K. Our presentation will also include non-GAAP financial measures, and we have provided reconciliations to the most comparable GAAP measures in our earnings press release, which is available on our corporate website at www.nytco.com.

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