Cutting Costs, Staff, and Debt: It’s 2009 by the Numbers at The Times

The New York Times Company filed its 10-K to the Securities and Exchange Commission today, and paidContent parsed the numbers. Among the more interesting statistics they point out:

— The Times Company reduced its operating costs by about $475 million last year.

— $95 million of that reduced cost was cut in the form of compensation and benefits, the result of “staff reduction efforts and other cost-saving initiatives.”

— The company cut its number of full-time employees by 18 percent.

— The Internet accounted for 13.8 percent of the company’s revenues last year, compared to 12.0 percent in 2008.

— Still, the decline of classifieds meant that online ad revenues declined 10.9 percent in 2009.

—The New York Times Company’s total debt level at the end of 2009 was $769 million. This was down from $1.1 billion at the end of 2008.

 

Cutting Costs, Staff, and Debt: It’s 2009 by the Numbers at The Times