The New York Times Company (NYT) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document Entity Information

Document Entity Information - shares	6 Months Ended
	Jun. 28, 2015	Aug. 04, 2015
Entity Information [Line Items]
Entity Registrant Name	NEW YORK TIMES CO
Entity Central Index Key	71,691
Current Fiscal Year End Date	--12-27
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	NYT
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		164,491,657
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		816,635

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Current assets
Cash and cash equivalents	$ 155,001	$ 176,607
Short-term marketable securities	499,750	636,743
Accounts receivable (net of allowances of $12,003 in 2015 and $12,860 in 2014)	154,609	212,690
Deferred income taxes	63,640	63,640
Prepaid expenses	23,534	25,635
Other current assets	26,129	32,780
Total current assets	922,663	1,148,095
Long-term marketable securities	224,950	167,820
Investments in joint ventures	23,121	22,069
Property, plant and equipment (less accumulated depreciation and amortization of $881,960 in 2015 and $853,363 in 2014)	646,101	665,758
Goodwill	110,314	116,422
Deferred income taxes	246,046	252,587
Miscellaneous assets	193,020	193,723
Total assets	2,366,215	2,566,474
Current liabilities
Accounts payable	81,957	94,401
Accrued payroll and other related liabilities	67,099	91,755
Unexpired subscriptions	60,111	58,736
Current portion of long-term debt and capital lease obligations	0	223,662
Accrued expenses and other	101,190	131,954
Total current liabilities	310,357	600,508
Other liabilities
Long-term debt and capital lease obligations	428,821	426,458
Pension benefits obligation	615,411	631,756
Postretirement benefits obligation	69,490	71,628
Other	98,266	107,775
Total other liabilities	1,211,988	1,237,617
Common stock of $.10 par value:
Additional paid-in capital	142,716	39,217
Retained earnings	1,280,671	1,291,907
Common stock held in treasury, at cost	(95,576)	(86,253)
Accumulated other comprehensive loss, net of income taxes:
Foreign currency translation adjustments	1,656	5,705
Funded status of benefit plans	(504,218)	(539,500)
Total accumulated other comprehensive loss, net of income taxes	(502,562)	(533,795)
Total New York Times Company stockholders’ equity	842,138	726,328
Noncontrolling interest	1,732	2,021
Total stockholders’ equity	843,870	728,349
Total liabilities and stockholders’ equity	2,366,215	2,566,474
Class A Common Stock
Common stock of $.10 par value:
Common stock value	16,807	15,170
Class B Common Stock
Common stock of $.10 par value:
Common stock value	$ 82	$ 82

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Accounts receivable, allowances	$ 12,003	$ 12,860
Accumulated depreciation and amortization	$ 881,960	$ 853,363
Common stock, par value (USD per share)	$ 0.1	$ 0.1
Class A Common Stock
Authorized shares (in shares)	300,000,000	300,000,000
Issued shares (in shares)	168,075,301	151,701,136
Treasury shares (in shares)	2,875,914	2,180,442
Class B Common Stock
Authorized shares (in shares)	816,635	816,635
Issued shares (in shares)	816,635	816,635
Treasury shares (in shares)	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Revenues
Circulation	$ 211,658	$ 209,815	$ 423,128	$ 419,538
Advertising	148,599	157,249	298,507	316,461
Other	22,629	21,655	45,490	43,128
Total revenues	382,886	388,719	767,125	779,127
Production costs:
Raw materials	18,348	21,610	38,625	43,638
Wages and benefits	89,030	88,025	179,668	176,641
Other	45,395	48,309	91,116	96,648
Total production costs	152,773	157,944	309,409	316,927
Selling, general and administrative costs	176,252	185,584	355,049	372,308
Depreciation and amortization	15,810	19,169	30,654	39,261
Total operating costs	344,835	362,697	695,112	728,496
Pension settlement charges	0	9,525	40,329	9,525
Multiemployer pension plan withdrawal expense	0	0	4,697	0
Early termination charge	0	0	0	2,550
Operating profit	38,051	16,497	26,987	38,556
(Loss)/income from joint ventures	(356)	25	(928)	(2,122)
Interest expense, net	9,776	13,205	21,968	26,506
Income from continuing operations before income taxes	27,919	3,317	4,091	9,928
Income tax expense/(benefit)	11,700	(5,743)	2,293	(1,979)
Income from continuing operations	16,219	9,060	1,798	11,907
Loss from discontinued operations, net of income taxes	0	0	0	(994)
Net income	16,219	9,060	1,798	10,913
Net loss attributable to the noncontrolling interest	181	128	340	18
Net income attributable to The New York Times Company common stockholders	16,400	9,188	2,138	10,931
Amounts attributable to The New York Times Company common stockholders:
Income from continuing operations	16,400	9,188	2,138	11,925
Loss from discontinued operations, net of income taxes	$ 0	$ 0	$ 0	$ (994)
Average number of common shares outstanding:
Basic (in shares)	166,355	150,796	165,173	150,683
Diluted (in shares)	168,316	161,868	167,491	161,962
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income from continuing operations (USD per share)	$ 0.10	$ 0.06	$ 0.01	$ 0.08
Loss from discontinued operations, net of income taxes (USD per share)	0	0	0	(0.01)
Net income (USD per share)	0.10	0.06	0.01	0.07
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income from continuing operations (USD per share)	0.10	0.06	0.01	0.07
Loss from discontinued operations, net of income taxes (USD per share)	0	0	0	(0.01)
Net income (USD per share)	0.10	0.06	0.01	0.06
Dividends declared per share (USD per share)	$ 0.04	$ 0.04	$ 0.08	$ 0.08

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 16,219	$ 9,060	$ 1,798	$ 10,913
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments-gain/(loss)	1,907	(427)	(6,620)	(582)
Pension and postretirement benefits obligation	9,142	6,844	58,480	13,594
Other comprehensive income, before tax	11,049	6,417	51,860	13,012
Income tax expense	4,256	2,440	20,576	5,141
Other comprehensive income, net of tax	6,793	3,977	31,284	7,871
Comprehensive income	23,012	13,037	33,082	18,784
Comprehensive income attributable to the noncontrolling interest	130	128	289	18
Comprehensive income attributable to The New York Times Company common stockholders	$ 23,142	$ 13,165	$ 33,371	$ 18,802

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Cash flows from operating activities
Net income	$ 1,798	$ 10,913
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Gain on insurance settlement	0	(1,421)
Pension settlement charges	40,329	9,525
Multiemployer pension plan withdrawal expense	4,697	0
Early termination charge	0	2,550
Depreciation and amortization	30,654	39,261
Stock-based compensation expense	4,670	5,015
Undistributed loss of joint ventures	928	2,122
Long-term retirement benefit obligations	(4,581)	(36,173)
Uncertain tax positions	152	11,273
Other-net	7,642	4,162
Changes in operating assets and liabilities:
Accounts receivable-net	58,081	42,830
Inventories	(1,101)	73
Other current assets	8,680	(4,833)
Accounts payable, accrued payroll and other liabilities	(87,644)	(78,190)
Unexpired subscriptions	1,375	991
Net cash provided by operating activities	65,680	8,098
Cash flows from investing activities
Purchases of marketable securities	(393,839)	(328,491)
Maturities of marketable securities	470,457	268,441
Repayment of borrowings against cash surrender value of corporate-owned life insurance	0	(26,005)
Purchase of investments – net of proceeds	(3,242)	(297)
Capital expenditures	(14,446)	(18,283)
Proceeds from insurance settlement	0	1,200
Change in restricted cash	(1,230)	(1,100)
Other-net	(270)	(334)
Net cash provided by/(used in) investing activities	57,430	(104,869)
Cash flows from financing activities
Repayment of debt and capital lease obligations	(223,659)	(297)
Dividends paid	(13,365)	(12,106)
Stock issuances	102,640	1,120
Repurchases	(9,342)	0
Net cash used in financing activities	(143,726)	(11,283)
Net decrease in cash and cash equivalents	(20,616)	(108,054)
Effect of exchange rate changes on cash	(990)	(65)
Cash and cash equivalents at the beginning of the period	176,607	482,745
Cash and cash equivalents at the end of the period	$ 155,001	$ 374,626

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION In the opinion of The New York Times Company’s (the “Company”) management, the Condensed Consolidated Financial Statements present fairly the financial position of the Company as of June 28, 2015 and December 28, 2014 , and the results of operations and cash flows of the Company for the periods ended June 28, 2015 and June 29, 2014 . The Company and its consolidated subsidiaries are referred to collectively as “we,” “us” or “our.” All adjustments necessary for a fair presentation have been included and are of a normal and recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The financial statements were prepared in accordance with the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain notes or other financial information that are normally required by accounting principles generally accepted in the United States of America have been condensed or omitted from these interim financial statements. These financial statements, therefore, should be read in conjunction with the Consolidated Financial Statements and related Notes included in our Annual Report on Form 10-K for the year ended December 28, 2014 . Due to the seasonal nature of our business, operating results for the interim periods are not necessarily indicative of a full year’s operations. The fiscal periods included herein comprise 13 weeks for the second -quarter periods and 26 weeks for the full six -month periods. The preparation of financial statements in conformity with Generally Accepted Accounting Principles ("GAAP") requires management to make estimates and assumptions that affect the amounts reported in our Condensed Consolidated Financial Statements. Actual results could differ from these estimates. For comparability, certain prior-year amounts have been reclassified to conform with the current period presentation. See Management’s Discussion and Analysis of Results of Operations for additional information regarding reclassified amounts.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 28, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As of June 28, 2015 , our significant accounting policies, which are detailed in our Annual Report on Form 10-K for the year ended December 28, 2014 , have not changed. Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”). ASUs not specifically identified in our disclosures are either not applicable to the Company or will not have a material effect on our financial condition or results of operations. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers,” which prescribes a single comprehensive model for entities to use in the accounting of revenue arising from contracts with customers. The new guidance will supersede virtually all existing revenue guidance under GAAP and International Financial Reporting Standards. There are two transition options available to entities: the full retrospective approach or the modified retrospective approach. Under the full retrospective approach, the Company would restate prior periods in compliance with Accounting Standards Codification 250, “Accounting Changes and Error Corrections”. Alternatively, the Company may elect the modified retrospective approach, which allows for the new revenue standard to be applied to existing contracts as of the effective date and record a cumulative catch-up adjustment to retained earnings effective for fiscal years beginning December 31, 2017, subject to finalization. Early application is permitted. We are currently in the process of evaluating the impact of the new revenue guidance.

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	MARKETABLE SECURITIES Our marketable debt securities consisted of the following: (In thousands) June 28, 2015 December 28, 2014 Short-term marketable securities Marketable debt securities U.S Treasury securities $ 127,189 $ 238,488 Corporate debt securities 194,516 208,346 U.S. agency securities 49,443 32,009 Municipal securities 5,237 13,622 Certificates of deposit 88,393 109,293 Commercial paper 34,972 34,985 Total short-term marketable securities $ 499,750 $ 636,743 Long-term marketable securities Marketable debt securities Corporate debt securities $ 90,033 $ 71,191 U.S. agency securities 134,917 95,204 Municipal securities — 1,425 Total long-term marketable securities $ 224,950 $ 167,820 As of June 28, 2015 , our short-term and long-term marketable securities had remaining maturities of less than 1 month to 12 months and 13 months to 35 months , respectively. See Note 8 for additional information regarding the fair value of our marketable securities.

Goodwill

Goodwill	6 Months Ended
	Jun. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The changes in the carrying amount of goodwill as of June 28, 2015 and December 28, 2014 were as follows: (In thousands) Total Company Balance as of December 28, 2014 $ 116,422 Foreign currency translation (6,108 ) Balance as of June 28, 2015 $ 110,314 The foreign currency translation line item reflects changes in goodwill resulting from fluctuating exchange rates related to the consolidation of certain international subsidiaries.

Investments

Investments	6 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Equity Method Investments As of June 28, 2015 , our investments in joint ventures consisted of equity ownership interests in the following entities: Company Approximate % Ownership Donohue Malbaie Inc. 49 % Madison Paper Industries 40 % Women in the World Media, LLC 30 % We have investments in Donohue Malbaie Inc. (“Malbaie”), a Canadian newsprint company, Madison Paper Industries (“Madison”), a partnership operating a supercalendered paper mill in Maine (together, the “Paper Mills”), and Women in the World Media, LLC, a live-event conference business. We received no distributions from the Paper Mills during the six -month periods ended June 28, 2015 and June 29, 2014 . We purchase newsprint and have purchased supercalendered paper from the Paper Mills at competitive prices. Such purchases totaled $6.1 million and $10.0 million for the six -month periods ended June 28, 2015 and June 29, 2014 , respectively. Effective February 2015, we no longer purchase supercalendered paper. During the second quarter of 2015, we made an investment of $2.3 million in Women in the World Media, LLC, which includes our initial investment and additional capital contributions.

Debt Obligations

Debt Obligations	6 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Debt Obligations	DEBT OBLIGATIONS Our current indebtedness includes senior notes and the repurchase option related to a sale-leaseback of a portion of our New York headquarters. Our total debt and capital lease obligations consisted of the following: (In thousands, except percentages) Coupon Rate June 28, 2015 December 28, 2014 Current portion of long-term debt and capital lease obligations: Senior notes due in 2015 5.0 % $ — $ 223,662 Long-term debt and capital lease obligations: Senior notes due in 2016 6.625 % 187,983 187,604 Option to repurchase ownership interest in headquarters building in 2019 234,093 232,118 Long-term capital lease obligations 6,745 6,736 Total long-term debt and capital lease obligations 428,821 426,458 Total debt and capital lease obligations $ 428,821 $ 650,120 See Note 8 for information regarding the fair value of our long-term debt. In March 2015, we repaid, at maturity, the remaining $223.7 million principal amount of our 5.0% senior notes. “Interest expense, net,” as shown in the accompanying Condensed Consolidated Statements of Operations was as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Cash interest expense $ 9,920 $ 13,153 $ 22,089 $ 26,204 Amortization of debt costs and discount on debt 1,145 1,128 2,360 2,318 Capitalized interest (106 ) (82 ) (157 ) (82 ) Interest income (1,183 ) (994 ) (2,324 ) (1,934 ) Total interest expense, net $ 9,776 $ 13,205 $ 21,968 $ 26,506

Other

Other	6 Months Ended
	Jun. 28, 2015
Other Income and Expenses [Abstract]
Other	OTHER Severance Costs We recognized severance costs of $1.9 million in the second quarter of 2015 and $3.4 million in the first six months of 2015 compared with $2.2 million in the second quarter of 2014 and $5.3 million in the first six months of 2014 . These costs are recorded in “Selling, general and administrative costs” in our Condensed Consolidated Statements of Operations. We had a severance liability of $19.9 million and $34.6 million included in “Accrued expenses and other” in our Condensed Consolidated Balance Sheets as of June 28, 2015 and December 28, 2014 , respectively. Pension Settlement Charges During the first quarter of 2015, we recorded a pension settlement charge of $40.3 million in connection with a lump-sum payment offer made to certain former employees who participated in certain qualified pension plans. These lump-sum payments were made with cash from the qualified pension plans, not with Company cash. During the second quarter of 2014 , we recorded a pension settlement charge of $9.5 million in connection with a lump-sum payment offer made to certain former employees who participated in certain non-qualified pension plans. See Note 9 for additional information regarding the pension settlement charges. Multiemployer Pension Plan Withdrawal Expense During the first quarter of 2015, we recorded a $4.7 million charge for a partial withdrawal obligation under a multiemployer pension plan. Early Termination Charge In the first quarter of 2014, we recorded a $2.6 million charge for the early termination of a distribution agreement. Advertising Expenses Expenses incurred to promote our consumer and advertising services were $21.1 million in the second quarter of 2015 and $42.5 million in the first six months of 2015 compared to $25.6 million in the second quarter of 2014 and $47.6 million in the first six months of 2014 . Capitalized Computer Software Costs Capitalized computer software costs included in “Depreciation and amortization” in our Condensed Consolidated Statements of Operations were $3.1 million in the second quarter of 2015 and $6.0 million in the first six months of 2015 compared to $6.8 million in the second quarter of 2014 and $14.3 million in the first six months of 2014 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is the price that would be received upon the sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date. The transaction would be in the principal or most advantageous market for the asset or liability, based on assumptions that a market participant would use in pricing the asset or liability. The fair value hierarchy consists of three levels: Level 1–quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date; Level 2–inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3–unobservable inputs for the asset or liability. Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis The following table summarizes our financial liabilities measured at fair value on a recurring basis as of June 28, 2015 and December 28, 2014 : (In thousands) June 28, 2015 December 28, 2014 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Deferred compensation $ 36,459 $ 36,459 $ — $ — $ 45,136 $ 45,136 $ — $ — The deferred compensation liability, included in “Other liabilities—Other” in our Condensed Consolidated Balance Sheets, consists of deferrals under our deferred executive compensation plan, which enables certain eligible executives to elect to defer a portion of their compensation on a pre-tax basis. The deferred amounts are invested at the executives’ option in various mutual funds. The fair value of deferred compensation is based on the mutual fund investments elected by the executives and on quoted prices in active markets for identical assets. Assets Measured and Recorded at Fair Value on a Non-Recurring Basis Certain non-financial assets, such as goodwill, other intangible assets, property, plant and equipment and certain investments, that were part of operations that have been classified as discontinued operations are only recorded at fair value if an impairment charge is recognized. The following table presents non-financial assets that were measured and recorded at fair value on a non-recurring basis and the total impairment losses recorded on those assets as of December 28, 2014 . (In thousands) Net Carrying Value as of Fair Value Measured and Recorded Using Impairment Losses as of December 28, 2014 Level 1 Level 2 Level 3 December 28, 2014 Investments in joint ventures $ — $ — $ — $ — $ 9,216 The impairment of assets in 2014 reflects the impairment of our investment in Madison. During the fourth quarter of 2014, we estimated the fair value using unobservable inputs (Level 3). We recorded a $9.2 million non-cash charge in the fourth quarter of 2014. Our proportionate share of the loss was $4.7 million after tax and adjusted for the allocation of the loss to the non-controlling interest. Financial Instruments Disclosed, But Not Reported, at Fair Value Our marketable securities, which include U.S. Treasury securities, corporate debt securities, U.S. government agency securities, municipal securities, certificates of deposit and commercial paper, are recorded at amortized cost (see Note 3). As of June 28, 2015 and December 28, 2014 , the amortized cost approximated fair value because of the short-term maturity and highly liquid nature of these investments. We classified these investments as Level 2 since the fair value estimates are based on market observable inputs for investments with similar terms and maturities. The carrying value of our long-term debt was $422 million as of June 28, 2015 and $420 million as of December 28, 2014 . The fair value of our long-term debt was $523 million as of June 28, 2015 and $527 million as of December 28, 2014 . We estimate the fair value of our debt utilizing market quotations for debt that have quoted prices in active markets. Since our debt does not trade on a daily basis in an active market, the fair value estimates are based on market observable inputs based on borrowing rates currently available for debt with similar terms and average maturities (Level 2).

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 28, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits	PENSION AND OTHER POSTRETIREMENT BENEFITS Pension Single-Employer Plans We sponsor several single-employer defined benefit pension plans, the majority of which have been frozen. We also participate in joint Company and Guild-sponsored plans covering employees of The New York Times Newspaper Guild, including The Newspaper Guild of New York-The New York Times Pension Fund, which was frozen and replaced with a new defined benefit pension plan, The Guild-Times Adjustable Pension Plan. The components of net periodic pension cost were as follows: For the Quarters Ended June 28, 2015 June 29, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 2,987 $ — $ 2,987 $ 2,385 $ — $ 2,385 Interest cost 18,514 2,502 21,016 21,112 2,711 23,823 Expected return on plan assets (28,832 ) — (28,832 ) (28,460 ) — (28,460 ) Amortization of actuarial loss 9,479 1,270 10,749 6,711 1,033 7,744 Amortization of prior service (credit) (486 ) — (486 ) (484 ) — (484 ) Effect of settlement — — — — 9,525 9,525 Net periodic pension cost $ 1,662 $ 3,772 $ 5,434 $ 1,264 $ 13,269 $ 14,533 For the Six Months Ended June 28, 2015 June 29, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 5,975 $ — $ 5,975 $ 4,772 $ — $ 4,772 Interest cost 37,452 5,004 42,456 42,224 5,586 47,810 Expected return on plan assets (57,607 ) — (57,607 ) (56,920 ) — (56,920 ) Amortization of actuarial loss 18,876 2,540 21,416 13,309 2,087 15,396 Amortization of prior service (credit) (972 ) — (972 ) (970 ) — (970 ) Effect of settlement 40,329 — 40,329 — 9,525 9,525 Net periodic pension cost $ 44,053 $ 7,544 $ 51,597 $ 2,415 $ 17,198 $ 19,613 During the first six months of 2015 and 2014, we made pension contributions of $3.2 million and $9.1 million , respectively, to certain qualified pension plans. We expect to make a total contribution of $8.0 million in 2015 to satisfy funding requirements. As part of our strategy to reduce the pension obligations and the resulting volatility of our overall financial condition, we have offered lump-sum payments to certain former employees participating in both our qualified and non-qualified pension plans. In the first quarter of 2015, we recorded a pension settlement charge of $40.3 million in connection with a lump-sum payment offer made to certain former employees who participated in certain qualified pension plans. These lump-sum payments totaled $98.3 million and were made with cash from the qualified pension plans, not with Company cash. The effect of this lump-sum payment offer was to reduce our pension obligations by $ 142.8 million . In the second quarter of 2014 , we recorded a pension settlement charge of $9.5 million in connection with a lump-sum payment offer made to certain former employees who participated in certain non-qualified pension plans. These lump-sum payments totaled $24.0 million and were paid out of Company cash. The effect of this lump-sum payment offer was to reduce our pension obligations by $32.0 million . Multiemployer Plans During the first quarter of 2015, we recorded a $4.7 million charge related to a partial withdrawal obligation under a multiemployer pension plan. Other Postretirement Benefits The components of net periodic postretirement benefit expense were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Service cost $ 147 $ 147 $ 294 $ 294 Interest cost 689 1,010 1,377 2,020 Amortization of actuarial loss 1,303 1,184 2,606 2,368 Amortization of prior service credit (2,475 ) (1,600 ) (4,950 ) (3,200 ) Net periodic postretirement benefit expense $ (336 ) $ 741 $ (673 ) $ 1,482

Income Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company had income tax expense of $11.7 million and $2.3 million in the second quarter and first six months of 2015 , respectively, and an effective tax rate of 41.9% and 56.1% in the second quarter and first six months of 2015 , respectively. The Company had an income tax benefit of $5.7 million and $2.0 million in the second quarter and first six months of 2014 , respectively. The tax benefit in the second quarter of 2014 was primarily due to a reduction in the Company’s reserve for uncertain tax positions. On April 13, 2015, New York State enacted legislation amending New York City’s corporate tax laws for tax years commencing on or after January 1, 2015. The new legislation did not have a material impact on the Company’s provision for income taxes.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 28, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	DISCONTINUED OPERATIONS New England Media Group The following table summarizes the 2015 and 2014 discontinued operations including post-sale adjustments related to the New England Media Group, which was sold in 2013: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Loss on sale, net of income taxes: Loss on sale $ — $ — $ — $ (1,559 ) Income tax benefit — — — (565 ) Loss on sale, net of income taxes — — — (994 ) Loss from discontinued operations, net of income taxes $ — $ — $ — $ (994 )

Earnings_(Loss) Per Share

Earnings/(Loss) Per Share	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Earnings/(Loss) Per Share	EARNINGS/(LOSS) PER SHARE The two-class method is an earnings allocation method for computing earnings/(loss) per share when a company’s capital structure includes either two or more classes of common stock or common stock and participating securities. This method determines earnings/(loss) per share based on dividends declared on common stock and participating securities (i.e., distributed earnings), as well as participation rights of participating securities in any undistributed earnings. Basic and diluted earnings/(loss) per share have been computed as follows: For the Quarters Ended For the Six Months Ended (In thousands, except per share data) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Amounts attributable to The New York Times Company common stockholders: Income from continuing operations $ 16,400 $ 9,188 $ 2,138 $ 11,925 Loss from discontinued operations, net of income taxes — — — (994 ) Net income $ 16,400 $ 9,188 $ 2,138 $ 10,931 Average number of common shares outstanding: Basic 166,355 150,796 165,173 150,683 Diluted 168,316 161,868 167,491 161,962 Basic earnings/(loss) per share attributable to The New York Times Company common stockholders: Income from continuing operations $ 0.10 $ 0.06 $ 0.01 $ 0.08 Loss from discontinued operations, net of income taxes 0.00 0.00 0.00 (0.01 ) Net income $ 0.10 $ 0.06 $ 0.01 $ 0.07 Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders: Income from continuing operations $ 0.10 $ 0.06 $ 0.01 $ 0.07 Loss from discontinued operations, net of income taxes 0.00 0.00 0.00 (0.01 ) Net income $ 0.10 $ 0.06 $ 0.01 $ 0.06 The difference between basic and diluted shares is that diluted shares include the dilutive effect of the assumed exercise of outstanding securities. Our stock options, stock-settled long-term performance awards and restricted stock units could have the most significant impact on diluted shares. The increase in our basic shares is due to the exercise of warrants in January 2015, partially offset by repurchases of the Company’s Class A Common Stock. Securities that could potentially be dilutive are excluded from the computation of diluted earnings per share when a loss from continuing operations exists or when the exercise price exceeds the market value of our Class A Common Stock, because their inclusion would result in an anti-dilutive effect on per share amounts. The number of stock options that was excluded from the computation of diluted earnings per share because they were anti-dilutive was approximately 5 million in the second quarter and first six months of 2015 and approximately 6 million in the second quarter and first six months of 2014 .

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	6 Months Ended
	Jun. 28, 2015
Equity [Abstract]
Supplemental Stockholders' Equity Information	SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION Stockholders’ equity is summarized as follows: (In thousands) Total New York Times Company Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance as of December 28, 2014 $ 726,328 $ 2,021 $ 728,349 Net income/(loss) 2,138 (340 ) 1,798 Other comprehensive income, net of tax 31,233 51 31,284 Effect of issuance of shares 100,589 — 100,589 Share repurchases (9,342 ) — (9,342 ) Dividends declared (13,375 ) — (13,375 ) Stock-based compensation 4,567 — 4,567 Balance as of June 28, 2015 $ 842,138 $ 1,732 $ 843,870 (In thousands) Total New York Times Company Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance as of December 29, 2013 $ 842,910 $ 3,624 $ 846,534 Net income/(loss) 10,931 (18 ) 10,913 Other comprehensive income, net of tax 7,871 — 7,871 Effect of issuance of shares (823 ) — (823 ) Dividends declared (12,119 ) — (12,119 ) Stock-based compensation 5,160 — 5,160 Balance as of June 29, 2014 $ 853,930 $ 3,606 $ 857,536 In January 2009, pursuant to a securities purchase agreement, we issued warrants to affiliates of Carlos Slim Helú, then the beneficial owner of approximately 8% of our Class A Common Stock (excluding the warrants), to purchase 15.9 million shares of our Class A Common Stock at a price of $6.3572 per share. On January 14, 2015, the warrant holders exercised these warrants in full and the Company received cash proceeds of $101.1 million from this exercise. On April 13, 2004, our Board of Directors authorized repurchases in an amount up to $400 million of our Class A Common Stock. As of December 28, 2014, $91.4 million remained under this authorization. On January 13, 2015, the Board of Directors terminated this authorization and approved a new repurchase authorization of $101.1 million , equal to the cash proceeds received by the Company from the exercise of warrants. Under this authorization, the Company repurchased 696,018 Class A shares for a cost of $9.3 million (excluding commissions), as of June 28, 2015 . As of August 4, 2015 , repurchases totaled $18.9 million and $82.2 million remained under this authorization. Our Board of Directors has authorized us to purchase shares from time to time as market conditions permit. There is no expiration date with respect to this authorization. The following table summarizes the changes in AOCI by component as of June 28, 2015 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Total Accumulated Other Comprehensive Loss Balance, December 28, 2014 $ 5,705 $ (539,500 ) $ (533,795 ) Other comprehensive loss before reclassifications, before tax (1) (6,620 ) — (6,620 ) Amounts reclassified from accumulated other comprehensive income, before tax (1) — 58,429 58,429 Income tax (benefit)/expense (1) (2,571 ) 23,147 20,576 Net current-period other comprehensive (loss)/income, net of tax (4,049 ) 35,282 31,233 Balance, June 28, 2015 $ 1,656 $ (504,218 ) $ (502,562 ) (1) All amounts are shown net of noncontrolling interest. The following table summarizes the reclassifications from AOCI for the periods ended June 28, 2015 : (In thousands) For the Six Months Ended June 28, 2015 Detail about accumulated other comprehensive loss components Amounts reclassified from accumulated other comprehensive loss Affect line item in the statement where net income is presented Funded status of benefit plans: Amortization of prior service credit (1) $ (5,922 ) Selling, general & administrative costs Amortization of actuarial loss (1) 24,022 Selling, general & administrative costs Pension settlement charge 40,329 Pension settlement charges Total reclassification, before tax (2) 58,429 Income tax expense 23,147 Income tax (benefit)/expense Total reclassification, net of tax $ 35,282 (1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for pension and other retirement benefits. See Note 9 for additional information. (2) There were no reclassifications relating to noncontrolling interest for the quarter ended June 28, 2015 .

Segment Information

Segment Information	6 Months Ended
	Jun. 28, 2015
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION We have one reportable segment that includes The New York Times (“The Times”), the International New York Times, NYTimes.com, international.nytimes.com and related businesses. Therefore, all required segment information can be found in the Condensed Consolidated Financial Statements. Our operating segment generated revenues principally from circulation and advertising. Other revenues consist primarily of revenues from news services/syndication, digital archives, rental income, conferences/events, e-commerce and the Crossword product.

Contingent Liabilities

Contingent Liabilities	6 Months Ended
	Jun. 28, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	CONTINGENT LIABILITIES Restricted Cash We were required to maintain $29.0 million of restricted cash as of June 28, 2015 and $30.2 million as of December 28, 2014 , primarily related to certain collateral requirements for obligations under our workers’ compensation programs. Newspaper and Mail Deliverers–Publishers’ Pension Fund In September 2013, the Newspaper and Mail Deliverers-Publishers’ Pension Fund (the “Fund”) assessed a partial withdrawal liability to the Company in the amount of $26 million for the plan years ending May 31, 2012 and 2013, an amount that was increased to approximately $34 million in December 2014, when the Fund issued a revised partial withdrawal liability assessment for the plan year ending May 31, 2013. The Fund claims that when City & Suburban, a retail and newsstand distribution subsidiary of the Company and the largest contributor to the Fund, ceased operations in 2009, it triggered a decline of more than 70% in contribution base units in each of these two plan years. The Company disagrees with both the Fund’s determination that a partial withdrawal occurred and the methodology by which it calculated the withdrawal liability and has initiated arbitration proceedings. We do not believe that a loss is probable on this matter and have not recorded a loss contingency for the period ended June 28, 2015 . However, as required by the Employee Retirement Income Security Act of 1974, we have been making the quarterly payments to the Fund set forth in the demand letters. As of June 28, 2015, we made total payments of $8.1 million since the receipt of the initial demand letter, including $3.6 million in 2015. Other We are involved in various legal actions incidental to our business that are now pending against us. These actions are generally for amounts greatly in excess of the payments, if any, that may be required to be made. It is the opinion of management after reviewing these actions with our legal counsel that the ultimate liability that might result from these actions would not have a material adverse effect on our Condensed Consolidated Financial Statements.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 28, 2015
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”). ASUs not specifically identified in our disclosures are either not applicable to the Company or will not have a material effect on our financial condition or results of operations. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers,” which prescribes a single comprehensive model for entities to use in the accounting of revenue arising from contracts with customers. The new guidance will supersede virtually all existing revenue guidance under GAAP and International Financial Reporting Standards. There are two transition options available to entities: the full retrospective approach or the modified retrospective approach. Under the full retrospective approach, the Company would restate prior periods in compliance with Accounting Standards Codification 250, “Accounting Changes and Error Corrections”. Alternatively, the Company may elect the modified retrospective approach, which allows for the new revenue standard to be applied to existing contracts as of the effective date and record a cumulative catch-up adjustment to retained earnings effective for fiscal years beginning December 31, 2017, subject to finalization. Early application is permitted. We are currently in the process of evaluating the impact of the new revenue guidance.

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Debt and Equity Securities	Our marketable debt securities consisted of the following: (In thousands) June 28, 2015 December 28, 2014 Short-term marketable securities Marketable debt securities U.S Treasury securities $ 127,189 $ 238,488 Corporate debt securities 194,516 208,346 U.S. agency securities 49,443 32,009 Municipal securities 5,237 13,622 Certificates of deposit 88,393 109,293 Commercial paper 34,972 34,985 Total short-term marketable securities $ 499,750 $ 636,743 Long-term marketable securities Marketable debt securities Corporate debt securities $ 90,033 $ 71,191 U.S. agency securities 134,917 95,204 Municipal securities — 1,425 Total long-term marketable securities $ 224,950 $ 167,820

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill balances	The changes in the carrying amount of goodwill as of June 28, 2015 and December 28, 2014 were as follows: (In thousands) Total Company Balance as of December 28, 2014 $ 116,422 Foreign currency translation (6,108 ) Balance as of June 28, 2015 $ 110,314

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 28, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule and summarized unaudited condensed combined income statements of equity method investments	As of June 28, 2015 , our investments in joint ventures consisted of equity ownership interests in the following entities: Company Approximate % Ownership Donohue Malbaie Inc. 49 % Madison Paper Industries 40 % Women in the World Media, LLC 30 %

Debt Obligations (Tables)

Debt Obligations (Tables)	6 Months Ended
	Jun. 28, 2015
Debt Disclosure [Abstract]
Schedule of carrying value of outstanding debt	Our total debt and capital lease obligations consisted of the following: (In thousands, except percentages) Coupon Rate June 28, 2015 December 28, 2014 Current portion of long-term debt and capital lease obligations: Senior notes due in 2015 5.0 % $ — $ 223,662 Long-term debt and capital lease obligations: Senior notes due in 2016 6.625 % 187,983 187,604 Option to repurchase ownership interest in headquarters building in 2019 234,093 232,118 Long-term capital lease obligations 6,745 6,736 Total long-term debt and capital lease obligations 428,821 426,458 Total debt and capital lease obligations $ 428,821 $ 650,120
Schedule of components of interest expense, net	“Interest expense, net,” as shown in the accompanying Condensed Consolidated Statements of Operations was as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Cash interest expense $ 9,920 $ 13,153 $ 22,089 $ 26,204 Amortization of debt costs and discount on debt 1,145 1,128 2,360 2,318 Capitalized interest (106 ) (82 ) (157 ) (82 ) Interest income (1,183 ) (994 ) (2,324 ) (1,934 ) Total interest expense, net $ 9,776 $ 13,205 $ 21,968 $ 26,506

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 28, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes our financial liabilities measured at fair value on a recurring basis as of June 28, 2015 and December 28, 2014 : (In thousands) June 28, 2015 December 28, 2014 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Deferred compensation $ 36,459 $ 36,459 $ — $ — $ 45,136 $ 45,136 $ — $ —
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis	The following table presents non-financial assets that were measured and recorded at fair value on a non-recurring basis and the total impairment losses recorded on those assets as of December 28, 2014 . (In thousands) Net Carrying Value as of Fair Value Measured and Recorded Using Impairment Losses as of December 28, 2014 Level 1 Level 2 Level 3 December 28, 2014 Investments in joint ventures $ — $ — $ — $ — $ 9,216

Pension and Other Postretirem28

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 28, 2015
Pension Plans, Defined Benefit
Pension Benefits
Schedule of Components of Net Periodic Pension Benefit Cost	The components of net periodic pension cost were as follows: For the Quarters Ended June 28, 2015 June 29, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 2,987 $ — $ 2,987 $ 2,385 $ — $ 2,385 Interest cost 18,514 2,502 21,016 21,112 2,711 23,823 Expected return on plan assets (28,832 ) — (28,832 ) (28,460 ) — (28,460 ) Amortization of actuarial loss 9,479 1,270 10,749 6,711 1,033 7,744 Amortization of prior service (credit) (486 ) — (486 ) (484 ) — (484 ) Effect of settlement — — — — 9,525 9,525 Net periodic pension cost $ 1,662 $ 3,772 $ 5,434 $ 1,264 $ 13,269 $ 14,533 For the Six Months Ended June 28, 2015 June 29, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 5,975 $ — $ 5,975 $ 4,772 $ — $ 4,772 Interest cost 37,452 5,004 42,456 42,224 5,586 47,810 Expected return on plan assets (57,607 ) — (57,607 ) (56,920 ) — (56,920 ) Amortization of actuarial loss 18,876 2,540 21,416 13,309 2,087 15,396 Amortization of prior service (credit) (972 ) — (972 ) (970 ) — (970 ) Effect of settlement 40,329 — 40,329 — 9,525 9,525 Net periodic pension cost $ 44,053 $ 7,544 $ 51,597 $ 2,415 $ 17,198 $ 19,613
Other Postretirement Benefit Plan
Pension Benefits
Schedule of Components of Net Periodic Pension Benefit Cost	The components of net periodic postretirement benefit expense were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Service cost $ 147 $ 147 $ 294 $ 294 Interest cost 689 1,010 1,377 2,020 Amortization of actuarial loss 1,303 1,184 2,606 2,368 Amortization of prior service credit (2,475 ) (1,600 ) (4,950 ) (3,200 ) Net periodic postretirement benefit expense $ (336 ) $ 741 $ (673 ) $ 1,482

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 28, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement	The following table summarizes the 2015 and 2014 discontinued operations including post-sale adjustments related to the New England Media Group, which was sold in 2013: For the Quarters Ended For the Six Months Ended (In thousands) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Loss on sale, net of income taxes: Loss on sale $ — $ — $ — $ (1,559 ) Income tax benefit — — — (565 ) Loss on sale, net of income taxes — — — (994 ) Loss from discontinued operations, net of income taxes $ — $ — $ — $ (994 )

Earnings_(Loss) Per Share (Tabl

Earnings/(Loss) Per Share (Tables)	6 Months Ended
	Jun. 28, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Basic and diluted earnings/(loss) per share have been computed as follows: For the Quarters Ended For the Six Months Ended (In thousands, except per share data) June 28, 2015 June 29, 2014 June 28, 2015 June 29, 2014 Amounts attributable to The New York Times Company common stockholders: Income from continuing operations $ 16,400 $ 9,188 $ 2,138 $ 11,925 Loss from discontinued operations, net of income taxes — — — (994 ) Net income $ 16,400 $ 9,188 $ 2,138 $ 10,931 Average number of common shares outstanding: Basic 166,355 150,796 165,173 150,683 Diluted 168,316 161,868 167,491 161,962 Basic earnings/(loss) per share attributable to The New York Times Company common stockholders: Income from continuing operations $ 0.10 $ 0.06 $ 0.01 $ 0.08 Loss from discontinued operations, net of income taxes 0.00 0.00 0.00 (0.01 ) Net income $ 0.10 $ 0.06 $ 0.01 $ 0.07 Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders: Income from continuing operations $ 0.10 $ 0.06 $ 0.01 $ 0.07 Loss from discontinued operations, net of income taxes 0.00 0.00 0.00 (0.01 ) Net income $ 0.10 $ 0.06 $ 0.01 $ 0.06

Supplemental Stockholders' Eq31

Supplemental Stockholders' Equity Information (Tables)	6 Months Ended
	Jun. 28, 2015
Equity [Abstract]
Schedule of changes in stockholders' equity	Stockholders’ equity is summarized as follows: (In thousands) Total New York Times Company Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance as of December 28, 2014 $ 726,328 $ 2,021 $ 728,349 Net income/(loss) 2,138 (340 ) 1,798 Other comprehensive income, net of tax 31,233 51 31,284 Effect of issuance of shares 100,589 — 100,589 Share repurchases (9,342 ) — (9,342 ) Dividends declared (13,375 ) — (13,375 ) Stock-based compensation 4,567 — 4,567 Balance as of June 28, 2015 $ 842,138 $ 1,732 $ 843,870 (In thousands) Total New York Times Company Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance as of December 29, 2013 $ 842,910 $ 3,624 $ 846,534 Net income/(loss) 10,931 (18 ) 10,913 Other comprehensive income, net of tax 7,871 — 7,871 Effect of issuance of shares (823 ) — (823 ) Dividends declared (12,119 ) — (12,119 ) Stock-based compensation 5,160 — 5,160 Balance as of June 29, 2014 $ 853,930 $ 3,606 $ 857,536
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in AOCI by component as of June 28, 2015 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Total Accumulated Other Comprehensive Loss Balance, December 28, 2014 $ 5,705 $ (539,500 ) $ (533,795 ) Other comprehensive loss before reclassifications, before tax (1) (6,620 ) — (6,620 ) Amounts reclassified from accumulated other comprehensive income, before tax (1) — 58,429 58,429 Income tax (benefit)/expense (1) (2,571 ) 23,147 20,576 Net current-period other comprehensive (loss)/income, net of tax (4,049 ) 35,282 31,233 Balance, June 28, 2015 $ 1,656 $ (504,218 ) $ (502,562 ) (1) All amounts are shown net of noncontrolling interest.
Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the reclassifications from AOCI for the periods ended June 28, 2015 : (In thousands) For the Six Months Ended June 28, 2015 Detail about accumulated other comprehensive loss components Amounts reclassified from accumulated other comprehensive loss Affect line item in the statement where net income is presented Funded status of benefit plans: Amortization of prior service credit (1) $ (5,922 ) Selling, general & administrative costs Amortization of actuarial loss (1) 24,022 Selling, general & administrative costs Pension settlement charge 40,329 Pension settlement charges Total reclassification, before tax (2) 58,429 Income tax expense 23,147 Income tax (benefit)/expense Total reclassification, net of tax $ 35,282 (1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for pension and other retirement benefits. See Note 9 for additional information. (2) There were no reclassifications relating to noncontrolling interest for the quarter ended June 28, 2015 .

Basis of Presentation (Details)

Basis of Presentation (Details)	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Duration	91 days	91 days	182 days	182 days

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Dec. 28, 2014
Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	$ 499,750	$ 636,743
Long-term marketable securities	224,950	167,820
Debt Securities | US Treasury Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	127,189	238,488
Debt Securities | Corporate Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	194,516	208,346
Long-term marketable securities	90,033	71,191
Debt Securities | US Agency Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	49,443	32,009
Long-term marketable securities	134,917	95,204
Debt Securities | Municipal Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	5,237	13,622
Long-term marketable securities	0	1,425
Debt Securities | Certificates of Deposit
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	88,393	109,293
Debt Securities | Commercial Paper
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	$ 34,972	$ 34,985
Short-term Marketable Securities | Minimum
Schedule of Held-to-maturity Securities [Line Items]
Term of investments	1 month
Short-term Marketable Securities | Maximum
Schedule of Held-to-maturity Securities [Line Items]
Term of investments	12 months
Long-term Marketable Securities | Minimum
Schedule of Held-to-maturity Securities [Line Items]
Term of investments	13 months
Long-term Marketable Securities | Maximum
Schedule of Held-to-maturity Securities [Line Items]
Term of investments	35 months

Goodwill (Details)

Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2015USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 116,422
Foreign currency translation	(6,108)
Goodwill, ending balance	$ 110,314

Investments - Equity Method Inv

Investments - Equity Method Investments (Details) - USD ($)	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Schedule of Equity Method Investments [Line Items]
Newsprint and supercalendered paper purchased from the Paper Mills	$ 6,100,000	$ 10,000,000
Paper Mills
Schedule of Equity Method Investments [Line Items]
Distributions received	$ 0	$ 0
Donohue Malbaie Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49.00%
Madison Paper Industries
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	40.00%
Women in the World Media, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	30.00%
Equity method investments	$ 2,300,000

Debt Obligations - Debt & Capit

Debt Obligations - Debt & Capital Leases (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
Long-term capital lease obligations	$ 6,745	$ 6,736
Long-term debt and capital lease obligations	428,821	426,458
Total debt and capital lease obligations	$ 428,821	650,120
Notes Due 2015
Debt Instrument [Line Items]
Interest rate on debt	5.00%
Long-term debt	$ 0	223,662
Notes Due 2016
Debt Instrument [Line Items]
Interest rate on debt	6.625%
Long-term debt	$ 187,983	187,604
Option To Repurchase Headquarters Building 2019
Debt Instrument [Line Items]
Long-term debt	$ 234,093	$ 232,118

Debt Obligations - Interest Exp

Debt Obligations - Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Debt Disclosure [Abstract]
Cash interest expense	$ 9,920	$ 13,153	$ 22,089	$ 26,204
Amortization of debt costs and discount on debt	1,145	1,128	2,360	2,318
Capitalized interest	(106)	(82)	(157)	(82)
Interest income	(1,183)	(994)	(2,324)	(1,934)
Total interest expense, net	$ 9,776	$ 13,205	$ 21,968	$ 26,506

Debt Obligations - Debt Informa

Debt Obligations - Debt Information (Details) $ in Millions	1 Months Ended
	Mar. 31, 2015USD ($)
Notes Due 2015
Debt Information
Debt repaid	$ 223.7

Other (Details)

Other (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 28, 2015	Mar. 29, 2015	Jun. 29, 2014	Mar. 30, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Other Expense [Line Items]
Severance costs	$ 1,900		$ 2,200		$ 3,400	$ 5,300
Severance liability	19,900				19,900		$ 34,600
Pension settlement charges	0		9,525		40,329	9,525
Multiemployer pension plan withdrawal expense	0	$ 4,700	0		4,697	0
Charge for early termination of distribution agreement				$ 2,600
Advertising expense	21,100		25,600		42,500	47,600
Depreciation expense	15,810		19,169		30,654	39,261
Capitalized Computer Software Costs
Other Expense [Line Items]
Depreciation expense	$ 3,100		6,800		$ 6,000	$ 14,300
Pension Plans, Defined Benefit
Other Expense [Line Items]
Pension settlement charges		$ 40,300	$ 9,500

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 28, 2015	Dec. 28, 2014	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proportionate share of loss, after tax and allocation to noncontrolling interest	$ 356		$ (25)	$ 928	$ 2,122
Carrying value of long-term debt	422,000	$ 420,000		422,000		$ 420,000
Long-term debt, fair value	523,000	527,000		523,000		527,000
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge		9,200				9,216
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	36,459	45,136		36,459		45,136
Level 1 | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in joint ventures		0				0
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0		0		0
Level 2 | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in joint ventures		0				0
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0		0		0
Level 3 | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in joint ventures		0				0
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	$ 36,459	45,136		$ 36,459		45,136
Net Carrying Value | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in joint ventures		0				$ 0
Madison Paper Industries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proportionate share of loss, after tax and allocation to noncontrolling interest		$ 4,700

Pension Benefits - Net Periodic

Pension Benefits - Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 28, 2015	Mar. 29, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Pension Benefits
Pension settlement charges	$ 0		$ 9,525	$ 40,329	$ 9,525
Lump-sum payments for pension settlement			24,000
Multiemployer pension plan withdrawal expense	0	$ 4,700	0	4,697	0
Qualified Plans
Pension Benefits
Service cost	2,987		2,385	5,975	4,772
Interest cost	18,514		21,112	37,452	42,224
Expected return on plan assets	(28,832)		(28,460)	(57,607)	(56,920)
Amortization of actuarial loss	9,479		6,711	18,876	13,309
Amortization of prior service (credit)	(486)		(484)	(972)	(970)
Effect of settlement	0		0	40,329	0
Net periodic pension cost/postretirement benefit expense	1,662		1,264	44,053	2,415
Non-Qualified Plans
Pension Benefits
Service cost	0		0	0	0
Interest cost	2,502		2,711	5,004	5,586
Expected return on plan assets	0		0	0	0
Amortization of actuarial loss	1,270		1,033	2,540	2,087
Amortization of prior service (credit)	0		0	0	0
Effect of settlement	0		9,525	0	9,525
Net periodic pension cost/postretirement benefit expense	3,772		13,269	7,544	17,198
Pension Plans, Defined Benefit
Pension Benefits
Service cost	2,987		2,385	5,975	4,772
Interest cost	21,016		23,823	42,456	47,810
Expected return on plan assets	(28,832)		(28,460)	(57,607)	(56,920)
Amortization of actuarial loss	10,749		7,744	21,416	15,396
Amortization of prior service (credit)	(486)		(484)	(972)	(970)
Effect of settlement	0		9,525	40,329	9,525
Net periodic pension cost/postretirement benefit expense	5,434		14,533	51,597	19,613
Pension Contributions				3,200	$ 9,100
Estimated future employer contributions in 2015				8,000
Pension settlement charges		40,300	$ 9,500
Lump-sum payments to be made from plan assets		98,300
Pension obligation reduction	$ (32,000)	$ (142,800)		$ (32,000)

Other Postretirement Benefits (

Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Pension Benefits
Service cost	$ 147	$ 147	$ 294	$ 294
Interest cost	689	1,010	1,377	2,020
Amortization of actuarial loss	1,303	1,184	2,606	2,368
Amortization of prior service credit	(2,475)	(1,600)	(4,950)	(3,200)
Net periodic pension cost/postretirement benefit expense	$ (336)	$ 741	$ (673)	$ 1,482

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Income Tax Disclosure [Abstract]
Income tax expense/(benefit)	$ 11,700	$ (5,743)	$ 2,293	$ (1,979)
Effective income tax rate (percent)	41.90%		56.10%

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Loss on sale, net of income taxes:
Loss from discontinued operations, net of income taxes	$ 0	$ 0	$ 0	$ (994)
New England Media Group
Loss on sale, net of income taxes:
Loss on sale	0	0	0	(1,559)
Income tax benefit	0	0	0	(565)
Loss on sale, net of income taxes	0	0	0	(994)
Loss from discontinued operations, net of income taxes	$ 0	$ 0	$ 0	$ (994)

Earnings_(Loss) Per Share (Deta

Earnings/(Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Earnings Per Share [Abstract]
Income from continuing operations	$ 16,400	$ 9,188	$ 2,138	$ 11,925
Loss from discontinued operations, net of income taxes	0	0	0	(994)
Net income attributable to The New York Times Company common stockholders	$ 16,400	$ 9,188	$ 2,138	$ 10,931
Average number of common shares outstanding:
Average number of common shares outstanding - basic (in shares)	166,355	150,796	165,173	150,683
Average number of common shares outstanding - diluted (in shares)	168,316	161,868	167,491	161,962
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income from continuing operations (USD per share)	$ 0.10	$ 0.06	$ 0.01	$ 0.08
Loss from discontinued operations, net of income taxes (USD per share)	0	0	0	(0.01)
Net income (USD per share)	0.10	0.06	0.01	0.07
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income from continuing operations (USD per share)	0.10	0.06	0.01	0.07
Loss from discontinued operations, net of income taxes (USD per share)	0	0	0	(0.01)
Net income (USD per share)	$ 0.10	$ 0.06	$ 0.01	$ 0.06
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5,000	6,000	5,000	6,000

Supplemental Stockholders' Eq46

Supplemental Stockholders' Equity Information (Details) - USD ($)	Aug. 04, 2015	Jan. 14, 2015	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Jan. 13, 2015	Dec. 28, 2014	Jan. 31, 2009	Apr. 13, 2004
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period					$ 728,349,000	$ 846,534,000
Net income/(loss)			$ 16,219,000	$ 9,060,000	1,798,000	10,913,000
Other comprehensive income, net of tax			6,793,000	3,977,000	31,284,000	7,871,000
Effect of issuance of shares					100,589,000	(823,000)
Share repurchases					(9,342,000)
Dividends declared					(13,375,000)	(12,119,000)
Stock-based compensation					4,567,000	5,160,000
Balance, end of period			843,870,000	857,536,000	843,870,000	857,536,000
Proceeds from warrant exercises		$ 101,100,000
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share repurchases					$ (9,300,000)
Warrants issued In connection with debt issuance									15,900,000
Class of warrant or right, exercise price of warrants or rights (USD per warrant)									$ 6.3572
Stock repurchase program, authorized amount							$ 101,100,000			$ 400,000,000
Stock repurchase program, remaining authorized repurchase amount								$ 91,400,000
Shares repurchased					696,018
Carlos Slim Helu
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Class-A Common Stock ownership percentage									8.00%
Subsequent Event | Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share repurchases	$ (18,900,000)
Stock repurchase program, remaining authorized repurchase amount	$ 82,200,000
Total New York Times Company Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period					$ 726,328,000	842,910,000
Net income/(loss)					2,138,000	10,931,000
Other comprehensive income, net of tax					31,233,000	7,871,000
Effect of issuance of shares					100,589,000	(823,000)
Share repurchases					(9,342,000)
Dividends declared					(13,375,000)	(12,119,000)
Stock-based compensation					4,567,000	5,160,000
Balance, end of period			842,138,000	853,930,000	842,138,000	853,930,000
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period					2,021,000	3,624,000
Net income/(loss)					(340,000)	(18,000)
Other comprehensive income, net of tax					51,000	0
Effect of issuance of shares					0	0
Share repurchases					0
Dividends declared					0	0
Stock-based compensation					0	0
Balance, end of period			$ 1,732,000	$ 3,606,000	$ 1,732,000	$ 3,606,000

Supplemental Stockholders' Eq47

Supplemental Stockholders' Equity Information Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				$ (533,795)
Income tax (benefit)/expense		$ 4,256	$ 2,440	20,576	$ 5,141
Other comprehensive income, net of tax		6,793	$ 3,977	31,284	7,871
Balance, ending		(502,562)		(502,562)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				5,705
Other comprehensive income before reclassifications, before tax	[1]			(6,620)
Amounts reclassified from accumulated other comprehensive loss, before tax	[1]			0
Income tax (benefit)/expense	[1]			(2,571)
Other comprehensive income, net of tax				(4,049)
Balance, ending		1,656		1,656
Funded Status of Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				(539,500)
Other comprehensive income before reclassifications, before tax	[1]			0
Amounts reclassified from accumulated other comprehensive loss, before tax	[1]			58,429
Income tax (benefit)/expense	[1]			23,147
Other comprehensive income, net of tax				35,282
Balance, ending		(504,218)		(504,218)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				(533,795)
Other comprehensive income before reclassifications, before tax	[1]			(6,620)
Amounts reclassified from accumulated other comprehensive loss, before tax	[1]			58,429
Income tax (benefit)/expense	[1]			20,576
Other comprehensive income, net of tax				31,233	$ 7,871
Balance, ending		$ (502,562)		$ (502,562)
[1]	All amounts are shown net of noncontrolling interest.

Supplemental Stockholders' Eq48

Supplemental Stockholders' Equity Information Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense		$ (4,256)	$ (2,440)	$ (20,576)	$ (5,141)
Accumulated Defined Benefit Plans Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	[1]			(23,147)
Accumulated Defined Benefit Plans Adjustment | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification, before tax	[2]			58,429
Income tax expense				23,147
Total reclassification, net of tax				(35,282)
Selling, General and Administrative Expenses | Accumulated Defined Benefit Plans Adjustment | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of prior service credit	[3]			(5,922)
Amortization of actuarial loss	[3]			24,022
Pension Settlement Charge | Accumulated Defined Benefit Plans Adjustment | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension settlement charge				$ 40,329
[1]	All amounts are shown net of noncontrolling interest.
[2]	There were no reclassifications relating to noncontrolling interest for the quarter ended June 28, 2015.
[3]	These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for pension and other retirement benefits. See Note 9 for additional information

Segment Information (Details)

Segment Information (Details)	6 Months Ended
	Jun. 28, 2015Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Contingent Liabilities - Restri

Contingent Liabilities - Restricted Cash (Details) - USD ($) $ in Millions	Jun. 28, 2015	Dec. 28, 2014
Commitments and Contingencies Disclosure [Abstract]
Restricted cash	$ 29	$ 30.2

Contingent Liabilities - Other

Contingent Liabilities - Other (Details) - Threatened Litigation - USD ($) $ in Millions	1 Months Ended		6 Months Ended
	Dec. 31, 2014	Sep. 30, 2013	Jun. 28, 2015
Loss Contingencies [Line Items]
Demand for payment	$ 34	$ 26
Decline in contributions, percent (more than)		70.00%
Payments made in accordance with ERISA			$ 8.1
Payments made in current period			$ 3.6