Also in 2006, the Times announced its circulation had fallen to 851,532, down 5.4 percent from 2005.
In addition, he said, Time may announce a $75-a-share dividend for its own shareholders.
Time announced the company's formation on September 4, 1950.
The Times announced the giveaway plan yesterday in a front-page article.
'Time for your wash,' one of the youths announced cheerfully.
"Time for a coffee break," Susan Walker announced after the final speaker.
The Times also announced seventy job cuts in news and editorial, or a 10 percent cut in payroll.
But by several accounts, the relationship started to sour when Time and Warner announced their merger.
The Times announced that it would publish a correction and apology for their misrepresentation of the facts.
The New York Times announced a reorganization of business operations.
