Leonard P. Forman

Leonard P. Forman has served as chief financial officer of The New York Times Company since January 2002. He is responsible for the management of all corporate financial functions, overseeing investor relations and participating in the analysis of acquisition and divestiture candidates and the capital expenditure program. In February 2004, Mr. Forman assumed the title of executive vice president, adding to his responsibilities the management of information technology, corporate communications and the Company's investment in two paper mills. Previously, he served as senior vice president of the Company since April 2001.

Mr. Forman was president and chief executive officer of The New York Times Company Magazine Group prior to its sale in April 2001. Previously, he served The New York Times Company as senior vice president of corporate development, new ventures and electronic businesses. Prior returning to the Company in 1996, Mr. Forman spent 10 years working in television, online services, print media and advertising.

In 1995 Mr. Forman served as president and chief executive officer of a Nynex/Newsday joint venture for an electronic service that ceased when both companies altered their electronic strategies. He then became a media consultant until he joined The Times Company.

From 1992 to 1994, Mr. Forman was chief operating officer of the Newspaper Association of America (NAA), and from 1989 to 1992, he was president and chief executive officer of the Newspaper Advertising Bureau, which merged with NAA in 1992.

Mr. Forman served as senior vice president operations at Telemundo, Inc., a Spanish-language television company, from 1986 to 1989, and was responsible for all station and network operations, including the Network's programming facility.

Previously, he had been director of planning at The New York Times Company, from 1974 to 1986. He was a research economist at the Federal Reserve Bank of New York from 1973 to 1974. Mr. Forman also served as an adjunct professor of economics at Yale School of Management in 1981 and as an assistant professor of economics at Fordham University Graduate School of Business Administration from 1972 to 1973.

Mr. Forman received a B.A. degree in economics from Queens College, City University of New York in 1967 and completed a Ph.D. dissertation in economics at New York University in 1975.