RAW MATERIALS COMPETITION THE NEW YORK TIMES COMPANY – P. 5 (In metric tons) 2014 2013 Newsprint 114,000 119,000 Supercalendered and Coated Paper (1) 17,000 17,200 The primary raw materials we use are newsprint and supercalendered and coated paper. We purchase  newsprint from a number of North American producers. In 2014, the paper we used for our print products was  purchased from both unrelated suppliers and related suppliers in which we hold equity interests (see “— Forest  Products Investments”). A significant portion of newsprint is purchased from Resolute. In 2014 and 2013, we used the following types and quantities of paper: (1)  The Times uses supercalendered and coated paper for The New York Times Magazine and T:The New York Times Style Magazine. Our print and digital products compete for advertising and consumers with other media in their respective  markets, including paid and free newspapers, digital media, broadcast, satellite and cable television, broadcast and  satellite radio, magazines, other forms of media and direct marketing. Competition for advertising is generally based  upon audience levels and demographics, advertising rates, service, targeting capabilities and advertising results,  while competition for consumer revenue and readership is generally based upon platform, format, content, quality,  service, timeliness and price. The Times newspaper competes for print advertising and circulation primarily with national newspapers such  as The Wall Street Journal and USA Today; newspapers of general circulation in New York City and its suburbs; other  daily and weekly newspapers and television stations and networks in markets in which The Times circulates; and  some national news and lifestyle magazines. INYT newspaper’s key competitors include all international sources of  English-language news, including The Wall Street Journal’s European and Asian Editions, the Financial Times, Time,  Bloomberg Business Week and The Economist. As our industry continues to experience a secular shift from print to digital media, our print and digital  products face increasing competition for audience and advertising from a wide variety of digital alternatives, such as  news and other information websites and digital applications, news aggregation sites, sites that cover niche content,  social media platforms, digital advertising networks and exchanges, real-time bidding and other programmatic  buying channels and other new forms of media. Developments in methods of distribution, such as applications for  mobile phones, tablets and other devices, also increase competition for users and digital advertising revenues. Our websites most directly compete for traffic and readership with other news and information websites and  mobile applications. NYTimes.com faces competition from sources such as WSJ.com, Google News, Yahoo! News,  huffingtonpost.com, MSNBC and CNN.com. Internationally, international.nytimes.com competes against  international online sources of English-language news, including bbc.co.uk, guardian.co.uk, ft.com,  huffingtonpost.com and reuters.com. For digital advertising revenues, we face competition from a wide range of  companies offering competing products, such as other advertising-supported websites and mobile applications,  including websites that provide platforms for classified advertisements, as well as search engines, social media sites  and other Internet companies.