New York Times buys back $49.5 million 7 1/8% notes

By Jennifer Chiou

New York, Feb. 26 - New York Times Co. repurchased $49.5 million of its 7 1/8% series I medium-term notes due November 2009, according to a 10-K filing with the Securities and Exchange Commission.

The company bought back the 10-year notes during February for a price of $49.4 million, or 99.875% of par, including commission.

As of Dec. 28, the 7 1/8% notes along with the company's 6.95% series I MTNs due November 2009 were re-classed to be part of the current portion of long-term debt and capital lease obligations from long-term debt on the company's consolidated balance sheet.

Based in New York, the New York Times is a diversified media company.

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