The New York Times Company and LRN to offer Times Company employees legal, compliance and ethics education

New York, NY and LOS ANGELES, CA—January 27, 2005—The New York Times Company and LRN, the provider of legal, compliance and ethics process management solutions, announced today that they have signed a multiyear agreement to provide Times Company employees with a comprehensive legal and ethics awareness education program through the LRN Legal Compliance and Ethics Center™ (LCEC®).

"The Times Company is committed to maintaining the highest standards in its business practices and to providing outstanding education and development opportunities to our employees," said Solomon B. Watson IV, senior vice president and general counsel, The New York Times Company. "To that end, we are pleased to work with LRN to provide this outstanding, comprehensive business ethics training to our employees."

"For more than 150 years The New York Times has consistently reported on ethical and compliance issues," said Dov Seidman , Chairman and C.E.O. of LRN. "Today we are happy to support The New York Times Company in maintaining the highest standards of personal and professional conduct and reinforcing a culture of probity."

Under the terms of the agreement, LRN will provide The New York Times Company with a comprehensive curriculum of legal, compliance and ethics courses, including a customized course on the company's Business Ethics Policy. The LRN Legal Compliance and Ethics Center enables employees to consider ethical dilemmas that they might encounter on the job, and helps them learn how to identify, evaluate and resolve legal and compliance risks. Workers can become adept at navigating gray areas that may arise in the course of business.

All coursework will be developed, hosted and updated by LRN, streamlining program implementation and administration. LRN's professional services team of Knowledge Service Account Executives will also support the Times Company with their extensive backgrounds and experience in a range of relevant fields, including: sociology, psychology, change management, law, compliance, ethics and distance learning, to assure smooth program implementation and ongoing success. LRN will also consult the Times Company on emerging developments and share ongoing cross-industry best practices in ethics, compliance, and corporate governance.

About The New York Times Company
The New York Times Company (NYSE:NYT), a leading media company with 2003 revenues of $3.2 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, include NYTimes.com and Boston.com. For the fourth consecutive year, the Company was ranked No. 1 in the publishing industry in Fortune's 2004 list of America 's Most Admired Companies. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. For additional information, please visit www.nytco.com.