EXHIBIT 21
Our Subsidiaries*
| Name of Subsidiary | Jurisdiction of Incorporation or Organization |
| The New York Times Company | New York |
| IHT, LLC | Delaware |
| International Herald Tribune S.A.S. | France |
| IHT Kathimerini S.A. (50%) | Greece |
| International Business Development (IBD) | France |
| International Herald Tribune (Hong Kong) LTD. | Hong Kong |
| Beijing Shixun Zhihua Consulting Co. LTD. | People’s Republic of China |
| International Herald Tribune (Singapore) Pte LTD. | Singapore |
| International Herald Tribune (Thailand) LTD. | Thailand |
| IHT (Malaysia) Sdn Bhd | Malaysia |
| International Herald Tribune B.V. | Netherlands |
| IHT Publishing (India) Private Limited | India |
| International Herald Tribune GMBH | Germany |
| International Herald Tribune (Zurich) GmbH | Switzerland |
| International Herald Tribune Japan GK | Japan |
| International Herald Tribune Ltd. (U.K.) | UK |
| International Herald Tribune U.S. Inc. | New York |
| The Herald Tribune - Ha’aretz Partnership (50%) | Israel |
| London Bureau Limited | United Kingdom |
| Madison Paper Industries (partnership) (40%) | Maine |
| Media Consortium, LLC (20%) | Delaware |
| New York Times Digital, LLC | Delaware |
| Northern SC Paper Corporation (80%) | Delaware |
| NYT Administradora de Bens e Servicos Ltda. | Brazil |
| NYT Building Leasing Company LLC | New York |
| NYT Group Services, LLC | Delaware |
| NYT News Bureau (India) Private Limited | India |
| NYT Real Estate Company LLC | New York |
| The New York Times Building LLC (58%) | New York |
| Rome Bureau S.r.l. | Italy |
| NYT Capital, LLC | Delaware |
| Donohue Malbaie Inc. (49%) | Canada |
| Midtown Insurance Company | New York |
| NYT Management Services, Inc. | Delaware |
| NYT Shared Service Center, Inc. | Delaware |
| International Media Concepts, Inc. | Delaware |
| The New York Times Distribution Corporation | Delaware |
| The New York Times Sales Company | Massachusetts |
| The New York Times Syndication Sales Corporation | Delaware |
| NEMG T&G, Inc. | Massachusetts |
* 100% owned unless otherwise indicated.