The New York Times and the Los Angeles Times Announce Distribution Agreement.
NEW YORK--(BUSINESS WIRE)--March 3, 2003
The New York Times and the Los Angeles Times today announced an agreement in which the Los Angeles Times, a Tribune Publishing company, will begin distribution of The New York Times to home-delivery customers in Southern California.
The distribution deal will take effect on March 10.
"We are pleased to partner with the Los Angeles Times to deliver The New York Times to more readers in Southern California," said Scott Heekin-Canedy, senior vice president, circulation, The New York Times. "This arrangement will open up dozens of new areas and hundreds of thousands of new homes for home-delivery of our newspaper."
"We are pleased to partner with The New York Times to leverage our broad-based home-delivery operations," said Steve Lee, senior vice president, circulation and consumer marketing, Los Angeles Times. "This agreement expands our distribution of other newspapers in Southern California to generate new revenues for the paper."
The New York Times offers home delivery in 237 markets across the United States. Under the terms of the agreement, on March 10 The Times will convert its San Diego County home delivery to the Los Angeles Times. At the same time, because of the Los Angeles Times's larger home-delivery reach in San Diego County, The New York Times will become available in 21 additional ZIP codes for a total of 84 ZIP codes throughout the county.
Additionally, on March 24 responsibility for home delivery of The New York Times to much of Los Angeles, including Malibu, Santa Monica, Beverly Hills, and Hollywood, will convert to the Los Angeles Times. This conversion will allow The New York Times to expand into another 26 Los Angeles ZIP Codes for a total of 89 Los Angeles ZIP Codes. At the same time the new agreement will allow The New York Times to expand into 11 Ventura County ZIP codes, including Ventura and Oxnard.
The Los Angeles Times has been the home-delivery provider for The New York Times in Riverside County since July 1999 and in Santa Barbara since July 2001. In addition to the Los Angeles Times, Tribune Company also has New York Times home delivery agreements at the Fort Lauderdale Sun-Sentinel, Orlando Sentinel, The Hartford Courant and Chicago Tribune.
The Los Angeles Times, a Tribune Publishing company, is the largest metropolitan daily newspaper in the country and winner of 27 Pulitzer Prizes. It publishes four daily regional editions covering the Los Angeles metropolitan area, the San Fernando Valley, and Orange and Ventura counties as well as the Inland Valley section and a National edition.
The New York Times Company (NYSE:NYT), a leading media company with 2002 revenues of $3.1 billion, includes The New York Times, The International Herald Tribune, The Boston Globe, 16 other newspapers, eight network-affiliated television stations, two New York City radio stations and more than 40 Web sites, including NYTimes.com and Boston.com. For the third consecutive year, the Company was ranked No. 1 in the publishing industry in Fortune's 2002 list of America's Most Admired Companies. In 2003 the Company was named by Fortune as one of the 100 Best Companies to Work for. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
This press release can be downloaded from www.nytco.com
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|Date:||Mar 3, 2003|
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