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Segment Information
 6 Months Ended
Jun. 26, 2011
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION


Our reportable segments consist of the News Media Group and the About Group. These segments are evaluated regularly by key management in assessing performance and allocating resources.


Below is a description of our reportable segments:


News Media Group


The News Media Group consists of The New York Times Media Group, which includes The New York Times, the International Herald Tribune, NYTimes.com, and related businesses; the New England Media Group, which includes the Globe, Boston.com, the Worcester Telegram & Gazette, Telegram.com, and related businesses; and the Regional Media Group, which includes 14 daily newspapers in Alabama, California, Florida, Louisiana, North Carolina and South Carolina, their Web sites, other print publications and related businesses.


About Group


The About Group consists of About.com, ConsumerSearch.com, CalorieCount.com and related businesses. In February 2011, we sold UCompareHealthCare.com.


 Our Statements of Operations by segment and Corporate were as follows:


 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands)
 
June 26,

2011
 
June 27,

2010
 
June 26,

2011
 
June 27,

2010
Revenues
 
 
 
 
 
 
 
 
News Media Group
 
$
548,858


 
$
555,898


 
$
1,084,220


 
$
1,109,067


About Group
 
27,844


 
33,689


 
58,986


 
68,387


Total
 
$
576,702


 
$
589,587


 
$
1,143,206


 
$
1,177,454


Operating (loss)/profit
 
 
 
 
 
 
 
 
News Media Group(1)
 
$
(116,625
)
 
$
54,397


 
$
(85,960
)
 
$
102,868


About Group
 
11,597


 
15,346


 
25,862


 
31,906


Corporate
 
(9,049
)
 
(8,918
)
 
(22,905
)
 
(21,291
)
Total
 
$
(114,077
)
 
$
60,825


 
$
(83,003
)
 
$
113,483


Gain on sale of investment
 
—


 
9,128


 
5,898


 
9,128


Income/(loss) from joint ventures
 
2,791


 
7,678


 
(2,958
)
 
16,789


Interest expense, net
 
25,152


 
20,614


 
49,743


 
41,198


(Loss)/income from continuing operations before income taxes
 
(136,438
)
 
57,017


 
(129,806
)
 
98,202


Income tax (benefit)/expense
 
(16,615
)
 
25,435


 
(15,209
)
 
52,462


(Loss)/income from continuing operations
 
(119,823
)
 
31,582


 
(114,597
)
 
45,740


Income from discontinued operations, net of income taxes
 
—


 
237


 
—


 
237


Net (loss)/income
 
(119,823
)
 
31,819


 
(114,597
)
 
45,977


Net loss/(income) attributable to the noncontrolling interest
 
105


 
214


 
298


 
(1,151
)
Net (loss)/income attributable to The New York Times Company common stockholders
 
$
(119,718
)
 
$
32,033


 
$
(114,299
)
 
$
44,826




(1) 
In the second quarter of 2011, we recorded a $161.3 million impairment charge, primarily related to goodwill at the Regional Media Group, and a $4.2 million charge for a pension withdrawal obligation under a multiemployer pension plan at the Globe, which are both part of the News Media Group reportable segment.