Kozmo.com and The New York Times Company Announce Pilot Program to Deliver The Times to Kozmo Customers in Nine US Cities

Business Wire, Jan 17, 2001

Business Editors, Internet/On-Line Writers

NEW YORK--(BUSINESS WIRE)--January 17, 2001

Kozmo.com and The New York Times announced today an agreement to provide delivery of The New York Times during a four-week trial to homes and offices of Kozmo customers in nine cities nationwide. Kozmo customers will be able to order The New York Times at the newsstand price and have it delivered on an as-needed basis within one hour. Moreover, Kozmo is providing free delivery of orders delivered before 3 p.m. as part of an ongoing promotion ($5 minimum order applies).

Gerry Burdo, president and CEO of Kozmo.com, said, "Providing delivery of The New York Times will be a great benefit to our time-starved customers and will perfectly complement our breakfast offerings. Each morning, our members can order up fresh breakfast and all of the day's news from The New York Times without ever leaving home. We look forward to working jointly with The New York Times to promote delivery to our 400,000 Kozmo members nationwide."

"We are pleased to be partnering with Kozmo to offer our readers another way they can receive The New York Times," said Janet Robinson, president and general manager of The New York Times. "Extending our brand through new distribution platforms is an important part of our business strategy."

Kozmo will promote delivery of The New York Times through its recently launched "Newsstand" category and in connection with Kozmo's breakfast offerings. The New York Times will promote the new Kozmo delivery alternative through the newspaper. Kozmo and The New York Times will determine whether to enter into a long-term distribution agreement after evaluating the success of the pilot program.

About Kozmo.com

Since launching in 1997, kozmo.com (www.kozmo.com) has revolutionized the online shopping experience by combining the promise of the Internet with the convenience of e-mmediate delivery. We provide instant gratification by delivering thousands of items from our Web site to our customers in under an hour: videos, DVDs, CDs, books, magazines, meals, snacks, drinks, electronics, home essentials and health and beauty aids. Backed by a nationwide distribution network of dedicated employees, and guided by a proprietary fulfillment system developed by our own engineers, Kozmo serves nine cities: Atlanta; Boston; Chicago; Los Angeles; New York; Portland, Ore.; San Francisco; Seattle; and Washington, D.C.

About The New York Times

The New York Times Company (NYSE: NYT) is a diversified media company including newspapers, magazines, television and radio stations, and electronic information and publishing. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. In 2000 the Company was ranked No. 1 in the publishing industry in Fortune's survey of the Global Most Admired Companies and was ranked first among all companies in the survey for the quality of its products and services.

The Company, which had 1999 revenues of $3.1 billion, publishes The New York Times, The Boston Globe and 15 other newspapers; publishes four magazines, including Golf Digest; operates eight network-affiliated television stations and owns two New York City radio stations. It also operates news, photo and graphics services as well as news and feature syndicates. A division of the Company, New York Times Digital, operates Internet properties such as NYTimes.com, Boston.com and newyorktoday.com. The Company holds interests in one newsprint mill, one supercalendered paper mill and the International Herald Tribune S.A.S.