NY Times Company
Headquarters:
229 West 43rd Street
New York, NY 10036
Employees: 10,231
CEO: Janet Robinson
Stock Symbol: NYT
Website:
http://www.nytco.com
Company News
Career
Page
The NYTimes is one of the largest newspaper
companies in the nation. It operates the flagship New York Times
newspaper as well as The Boston Globe, International Herald Tribune,
15 other daily newspapers and WQXR-FM radio station. Known for
the quality of its journalism, the company's newspapers have
collectively won 120 Pulitzer prizes, more than any other newspaper
organization.
Today, The NY Times is one of the most
prestigious and well-respected newspapers in the world. The quality
of its reporting and analysis is unmatched. The NY Times newspaper
is distributed nationwide and has a large well-educated readership
outside of New York.
The NY Times company runs over 50 websites
including About.com. It also owns a 17.5% stake in the Boston
Red Sox baseball team.
The NY Times Magazine, which is found in
the Sunday issue of the paper, has the most ad pages each year
of any magazine.
The NY Times company generated revenues
of $3.19 billion in 2007 and net income of $208.7 million.
Like many other newspapers, The NY Times
is being hurt by falling circulation due to the Internet and
loss of ad revenue, especially classified advertising that has
moved online. The company has cut staff over the past year and
will likely layoff more workers this year.
In June 2007, the company moved to a new
headquarters skyscraper just down the street from its old headquarters.
The 52-story glass building is across the street from the Port
Authority bus station.
Newspaper Circulation Figures:
The NY
Times - Daily Circulation:
1,023,852 Sunday: 1,495,048
(as of September, 2007, Print only)
The
Boston Globe - Daily Circulation:
386,414 Sunday: 587,292
(as of January, 2007, Print only)
The NY Times division had 4,408 employees
at the end of the year and the New England Media Group which
includes The Boston Globe had 2,656 employees.
History
The original paper first launched on September
18, 1851 and was known as the NY Daily Times. The founders were
Henry Jarvis Raymond and George Jones.
Times Square in New York City is named
for the NY Times Co. after it built its headquarters there in
1904.
In February, 2005, The Times acquired Internet
web property About.com for $410 million.
In 2007, the company sold 9 television
stations to Oak Hill Capital Partners for $575 million to focus
entirely on its newspaper holdings and digital properties.
Benefits
Compensation
The company provides competitive
base salaries. Moreover, based on a compensation philosophy that
links pay with performance and depending on your role and responsibilities,
you may be eligible for additional upside financial opportunities
through one or more of our short- or long-term incentive plans.
Flexible Health and Welfare Benefits
Medical Coverage. Our Company offers
two comprehensive medical plans through BlueCross/Blue Shield,
ensuring that you and your family have easy access to health
care benefits across the country. Both plans include annual physicals,
well woman care, well baby care, and informational resources
and assistance. At certain Company locations, a local HMO, offering
benefits within that system, may be available as well.
Once you enroll in medical coverage, you automatically get prescription
drug coverage at no additional premium. The prescription drug
plan is administered by Caremark and provides the greatest benefits
for generic and formulary drugs.
In addition, you are automatically eligible for managed mental
health and substance abuse care benefits through ValueOptions,
with a national network of mental health and substance abuse
care providers.
Dental Coverage. The dental plan is administered by Delta
Dental and is designed to encourage preventive and ongoing dental
treatment to help you and your family avoid serious dental problems.
The plan covers preventive services, and basic and major restorative
services. There are also orthodontia benefits for children and
adults.
Vision and Hearing Care Coverage. The vision plan provides
exams, lenses and frames from network providers each year. After
copays for exams and eyewear, the plan reimburses 100% up to
plan maximums, based on the type of lenses, frame or contacts
selected. In addition, there are network discounts on additional
pairs of prescription glasses, contacts and laser surgery. The
hearing care benefit covers one hearing exam every two years
and offers discounts on hearing aids.
Short-Term Disability (Sick Leave) and Long-Term Disability.
Sick leave benefits protect all or part of your income if you
are temporarily absent from work because of non-work related
illness or injury. Long-term disability coverage is designed
to replace a portion of your income after you are totally disabled
for five months.
Life Insurance. Your life insurance protects your assets
in the case of your death. Our Company automatically provides
Basic Life Insurance of one times your annual base salary at
no cost to you. You can opt to add more coverage at group rates.
What's more, you can purchase coverage for your spouse and children
(statement of health required for spouse's coverage in excess
of $50,000).
Accidental Death and Personal Loss. This plan pays a benefit
in the event of an accidental death or loss of a limb or eye
as a result of an accident.
Long Term Care Coverage. This benefit plan can help you
cover the costs associated with long term care services that
are needed in the case of an extended physical illness or extended
disability.
Flexible Spending Accounts. Flexible Spending Accounts
help you save on taxes with every paycheck by letting you use
before-tax dollars to pay for many of your out-of-pocket health
care and dependent care expenses.
Future Financial Security
401(k) Savings Plan. You save money
toward your future financial security through convenient payroll
deductions on a before-tax basis, after-tax basis or a combination
of both. You may be eligible for Company matching contributions
that will help your own contributions grow faster. You have choices
among nine investment funds that help you allocate your assets.
In addition, you can tap into a wide range of services, such
as market updates, investment planning assistance and retirement
planning tools.
Pension Plan. The Company pays the full cost for your
participation in this plan, which is designed to provide you
with a steady source of income after you retire. Through this
plan, you can access educational services, including an online
tool that you can use to create "what-if" scenarios
based on salary and length of service to estimate your future
benefit and enrich your financial planning.
Employee Stock Purchase Plan. You can purchase shares
of our Company stock through convenient payroll deductions. Moreover,
the Company pays the broker's fee for the purchase and sets up
an online account for you. (Offering by prospectus only.)
Travel
Business Travel Accident Insurance.
The Company pays the full cost to cover all eligible employees
under the Business Travel Accident plan automatically. The plan
pays a benefit if the employee is in an accident or dies while
traveling for The New York Times Company.
Travel Arrangements. You can access Web-based travel booking
tools through American Express Online and Expedia Corporate Travel.
You can use these resources to make your business or personal
travel plans.
Time Away From Work
Vacation. When you start out at
our Company, employees are eligible for two weeks of paid vacation
each calendar year. You earn more vacation over time based on
your location.
Personal Days and Holidays. Employees are eligible for
paid personal days and holidays each calendar year based on location
and hire date. See your human resources department for details.
Holidays: Employees are paid for holidays during the calendar
year based on location and hire date. See your human resources
department for details.
Sick Leave, Leaves of Absence, including Maternity Leave.
Our Company permits time off for a variety of reasons, including
leaves of absence in support of employees who need to be away
from work for a period of time due to medical, family, disability
or other issues.
Professional / Personal Development
Tuition Reimbursement Plan. Our
Company is committed to helping employees grow and develop professionally
through undergraduate and graduate education and certificate
instruction.
Leadership Development and Other Learning Opportunities.
Our Company develops leaders at every level of the organization,
offering a variety of programs to meet an array of business needs.
In addition, there are live workshops and online training tools,
to help sharpen your technical skills and managerial proficiencies.
Personal Growth. Our Company offers live sessions and
online Webinars on a variety of topics of interest, including
yoga and fitness, recreational activities and hobbies, parenting,
interpersonal relationships, pet care, vacation planning and
more.
Giving Back to the Community
Matching Gift Program. When you
contribute $1 to eligible cultural, educational and journalism
institutions, and organizations engaged in protecting the environment,
our Company matches your contribution by adding $1.50 to your
donation.
Charity Drive. Our Company has a more than 90-year tradition
of supporting charitable organizations in keeping with our Core
Purpose of enhancing society. Each year our Company holds charity
drives for worthwhile causes.
Community Outreach. Our employees make a difference by
contributing their time, energy, and talents to their communities
through local volunteer efforts, drives and other community events.
Other Benefits
The New York Times Company operates
in cities across the United States and countries around the world.
The following benefits are offered by the location, so depending
on where you work you may be eligible for some or all of these
offerings:
Transportation Reimbursement. Our Company's Transportation
Reimbursement Incentive Program (TRIP) helps you save money by
using pre-tax dollars to pay for mass transit or parking expenses
as part of your commute to and from work.
Adoption Assistance. Our Company's Adoption Assistance
Plan is designed to help with adoption costs, reimbursing up
to a maximum of $5,000 per qualified adoption ($6,000 for a special
needs child).
LifeSkills and Work/Life Assistance. The program is designed
to make it easy for you and your family members to get the help
you need to keep the demands of professional lives and personal
lives in balance.
Employee Assistance Program. Our EAP provides assistance
on issues of personal concern, such as stress, distress, depression,
grief, loss, substance abuse and eating disorders. Be assured
that confidentiality is the foundation of this program.
Employee Perks/Local Discounts. You can take advantage
of the many offerings available to employees and their families,
including discounts on products, subscriptions and services,
free admission to a variety of cultural institutions and museums
such as the Metropolitan Museum of Art and the Museum of
the City of New York. You can also take advantage of reductions
on theatre, concert and sporting event tickets such as
the U.S. Open, if offered money off retail purchases such
as autos, books, cell phones, computers and flowers, and discounts
to local restaurants. Offerings are updated regularly.
Emergency Child Care. At some locations, our Company provides
our working parents with a supportive and safe child care environment
for their children when faced with nanny or baby-sitter difficulties,
day care center closings, snow days, school holidays and summer
vacations.
Dependent Child Care and Elder Care Referrals. You and
your family can obtain referrals to licensed facilities and individuals
who offer child care or elder care services, using national databases.
Information and Services for Your College Bound Child.
Our Company is committed to education and development and that
is why it makes a comprehensive set of links and resources available
to college-bound children to help them locate and identify colleges
in which they will succeed.
Financial Planning Basics, Referrals and Legal Advice.
You and your family can get financial planning basics or consult
with legal advisers on a variety of issues.
Pet Care. Whether you need someone to care for your pet
while you're at work or away, our Company helps puts you in contact
with informational resources and lists of providers.
Other Amenities. You can take advantage of discounted
memberships to local health and fitness facilities, recreational
clubs, special interest groups and a credit union.
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