NEW YORK--(BUSINESS WIRE)--The New York Times Company (NYSE: NYT) today announced the successful closing of its offer to exchange all of its outstanding $225.0 million aggregate principal amount of 6.625% Senior Notes due 2016, which were not registered under the Securities Act of 1933, as amended, for an equal principal amount of its 6.625% Senior Notes due 2016, which have been registered under the Securities Act of 1933, as amended.
All of the Company’s unregistered 6.625% Senior Notes due 2016 have been exchanged.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offer to exchange was made only pursuant to a prospectus, dated March 10, 2011, and the related letter of transmittal, and only to such persons and in such jurisdictions as is permitted under applicable law.
The New York Times Company, a leading media company with 2010 revenues of $2.4 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. 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