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THE NEW YORK TIMES COMPANY COMPLETES PURCHASE OF TWO WHOLESALE DISTRIBUTORS

 THE NEW YORK TIMES COMPANY COMPLETES
 PURCHASE OF TWO WHOLESALE DISTRIBUTORS
 NEW YORK, June 29 /PRNewswire/ -- The New York Times Company (AMEX: NYT) announced today it completed its purchase of two newspaper wholesale distribution companies, Metropolitan News Company and Newark Newsdealers Supply Company.
 Metropolitan News Company and Newark Newsdealers Supply Company distribute The New York Times and many other newspapers, including The Wall Street Journal, The Daily News and New York Post, to various retail outlets and home delivery depots.
 Metropolitan News distributes in New York City and Newark Newsdealers distributes in central and northern New Jersey. Under the new ownership, both companies will be named City and Suburban Delivery Services.
 The drivers for the new company are covered by contracts ratified last month between The Times and the Newspaper and Mail Deliverers' Union which extend until the year 2000.
 The terms of the agreements were not announced.
 -0- 6/29/92
 /CONTACT: Nancy Nielsen of the New York Times, 212-556-7078/
 (NYT) CO: New York Times Company; Metropolitan News Company; Newark
 Newsdealers Supply Company ST: New York, New Jersey IN: PUB SU: TNM


PS -- NY082 -- 4923 06/29/92 17:28 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
Words:192
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