Total advertising revenue trends in the fourth quarter of 2012 are expected to be similar to third-quarter 2012 levels.

Total circulation revenues are expected to increase in the mid- to high-single digits in the fourth quarter of 2012 because of growth in digital subscriptions as well as print price increases implemented earlier this year.

The Company expects operating costs to increase in the low-single digits in the fourth quarter of 2012.

In addition, the Company expects the following on a pre-tax basis in 2012:
  • Results from joint ventures: $4 to $6 million,
  • Depreciation and amortization: $95 to $100 million,
  • Interest expense, net: $60 to $65 million, and
  • Capital expenditures: approximately $35 million.

Conference Call Information

The Company’s third-quarter 2012 earnings conference call will be held on Thursday, October 25, at 11:00 a.m. E.T. To access the call, dial 888-218-8088 (in the U.S.) and 913-981-5581 (international callers). Participants should dial into the conference call approximately 10 minutes before the start time. Online listeners can link to the live webcast at www.nytco.com/investors.

An archive of the webcast will be available beginning two hours after the call at www.nytco.com/investors. The archive will be available for approximately three months. An audio replay will be available at 888-203-1112 (in the U.S.) and 719-457-0820 (international callers) beginning approximately two hours after the call until 5 p.m. E.T. on Friday, October 26. The access code is 6840432 .

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 national, retail and classified advertising and circulation generated by our various markets, material increases in newsprint prices and the development of our digital businesses. They also include other risks detailed from time to time in the Company’s publicly filed documents, including the Company’s Annual Report on Form 10-K for the year ended December 25, 2011. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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