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The New York Times Company and The Washington Post Company Complete Sale of Post's Interest in The International Herald Tribune to The Times
NEW YORK AND WASHINGTON--Jan. 2, 2003--The New York Times Company and The Washington Post Company announced today that they have completed the sale of The Post's fifty percent interest in The International Herald Tribune newspaper to the Times Company for $65 million.

The Times Company, which had owned fifty percent of the IHT, is now the sole owner.

This press release can be downloaded from www.nytco.com

CONTACT:
The New York Times Company
Kathy Park, 212/556-4059
E-mail: kpark@nytimes.com
or
The Washington Post Company
Ann McDaniel, 202/334-7329
E-mail: mcdaniela@washpost.com