The New York Times Company (NYT) 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document Entity Information

Document Entity Information - shares	9 Months Ended
	Sep. 27, 2015	Oct. 27, 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	Sep. 27, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	NYT
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		161,074,241
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	Sep. 27, 2015	Dec. 28, 2014
Current assets
Cash and cash equivalents	$ 144,606	$ 176,607
Short-term marketable securities	499,486	636,743
Accounts receivable (net of allowances of $11,624 in 2015 and $12,860 in 2014)	157,570	212,690
Deferred income taxes	63,640	63,640
Prepaid expenses	22,017	25,635
Other current assets	26,764	32,780
Total current assets	914,083	1,148,095
Long-term marketable securities	228,586	167,820
Investments in joint ventures	22,870	22,069
Property, plant and equipment (less accumulated depreciation and amortization of $872,351 in 2015 and $853,363 in 2014)	638,836	665,758
Goodwill	110,469	116,422
Deferred income taxes	238,596	252,587
Miscellaneous assets	186,474	193,723
Total assets	2,339,914	2,566,474
Current liabilities
Accounts payable	83,457	94,401
Accrued payroll and other related liabilities	75,501	91,755
Unexpired subscriptions	60,222	58,736
Current portion of long-term debt and capital lease obligations	0	223,662
Accrued expenses and other	104,608	131,954
Total current liabilities	323,788	600,508
Other liabilities
Long-term debt and capital lease obligations	430,007	426,458
Pension benefits obligation	604,812	631,756
Postretirement benefits obligation	67,485	71,628
Other	95,302	107,775
Total other liabilities	1,197,606	1,237,617
Common stock of $.10 par value:
Additional paid-in capital	146,112	39,217
Retained earnings	1,283,533	1,291,907
Common stock held in treasury, at cost	(132,187)	(86,253)
Accumulated other comprehensive loss, net of income taxes:
Foreign currency translation adjustments	1,143	5,705
Funded status of benefit plans	(498,656)	(539,500)
Total accumulated other comprehensive loss, net of income taxes	(497,513)	(533,795)
Total New York Times Company stockholders’ equity	816,838	726,328
Noncontrolling interest	1,682	2,021
Total stockholders’ equity	818,520	728,349
Total liabilities and stockholders’ equity	2,339,914	2,566,474
Class A Common Stock
Common stock of $.10 par value:
Common stock value	16,811	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	Sep. 27, 2015	Dec. 28, 2014
Accounts receivable, allowances	$ 11,624	$ 12,860
Accumulated depreciation and amortization	$ 872,351	$ 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)	168,110,083	151,701,136
Treasury shares (in shares)	5,817,535	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		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Revenues
Circulation	$ 209,075	$ 206,729	$ 632,203	$ 626,267
Advertising	135,356	138,222	433,863	454,683
Other	22,973	19,767	68,463	62,895
Total revenues	367,404	364,718	1,134,529	1,143,845
Production costs:
Raw materials	18,400	20,875	57,025	64,513
Wages and benefits	88,999	90,777	268,667	267,418
Other	44,632	49,525	135,748	146,173
Total production costs	152,031	161,177	461,440	478,104
Selling, general and administrative costs	178,071	193,198	533,120	565,506
Depreciation and amortization	15,369	19,375	46,023	58,636
Total operating costs	345,471	373,750	1,040,583	1,102,246
Pension settlement charges	0	0	40,329	9,525
Multiemployer pension plan withdrawal expense	0	0	4,697	0
Early termination charge	0	0	0	2,550
Operating profit/(loss)	21,933	(9,032)	48,920	29,524
Income/(loss) from joint ventures	170	1,599	(758)	(523)
Interest expense, net	9,127	15,254	31,095	41,760
Income/(loss) from continuing operations before income taxes	12,976	(22,687)	17,067	(12,759)
Income tax expense/(benefit)	3,611	(10,247)	5,904	(12,226)
Income/(loss) from continuing operations	9,365	(12,440)	11,163	(533)
Loss from discontinued operations, net of income taxes	0	0	0	(994)
Net income/(loss)	9,365	(12,440)	11,163	(1,527)
Net loss/(income) attributable to the noncontrolling interest	50	(59)	390	(41)
Net income/(loss) attributable to The New York Times Company common stockholders	9,415	(12,499)	11,553	(1,568)
Amounts attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations	9,415	(12,499)	11,553	(574)
Loss from discontinued operations, net of income taxes	$ 0	$ 0	$ 0	$ (994)
Average number of common shares outstanding:
Basic (in shares)	165,052	150,822	165,130	150,728
Diluted (in shares)	166,981	150,822	167,574	150,728
Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations (USD per share)	$ 0.06	$ (0.08)	$ 0.07	$ 0
Loss from discontinued operations, net of income taxes (USD per share)	0	0	0	(0.01)
Net income/(loss) (USD per share)	0.06	(0.08)	0.07	(0.01)
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
Income/(loss) from continuing operations (USD per share)	0.06	(0.08)	0.07	0
Loss from discontinued operations, net of income taxes (USD per share)	0	0	0	(0.01)
Net income/(loss) (USD per share)	0.06	(0.08)	0.07	(0.01)
Dividends declared per share (USD per share)	$ 0.04	$ 0.04	$ 0.12	$ 0.12

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 9,365	$ (12,440)	$ 11,163	$ (1,527)
Other comprehensive income, before tax:
Loss on foreign currency translation adjustments	(482)	(6,581)	(7,102)	(7,163)
Pension and postretirement benefits obligation	9,166	29,877	67,646	43,471
Other comprehensive income, before tax	8,684	23,296	60,544	36,308
Income tax expense	3,635	9,410	24,211	14,551
Other comprehensive income, net of tax	5,049	13,886	36,333	21,757
Comprehensive income	14,414	1,446	47,496	20,230
Comprehensive loss/(income) attributable to the noncontrolling interest	50	(59)	339	(41)
Comprehensive income attributable to The New York Times Company common stockholders	$ 14,464	$ 1,387	$ 47,835	$ 20,189

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014
Cash flows from operating activities
Net income/(loss)	$ 11,163	$ (1,527)
Adjustments to reconcile net income to net cash provided by 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	46,023	58,636
Stock-based compensation expense	7,588	6,120
Undistributed loss of joint ventures	758	523
Long-term retirement benefit obligations	(7,767)	(42,255)
Uncertain tax positions	147	11,211
Other-net	14,303	9,947
Changes in operating assets and liabilities:
Accounts receivable-net	55,120	42,191
Other current assets	10,742	(6,268)
Accounts payable, accrued payroll and other liabilities	(76,555)	(53,871)
Unexpired subscriptions	1,486	882
Net cash provided by operating activities	108,034	36,243
Cash flows from investing activities
Purchases of marketable securities	(555,040)	(398,124)
Maturities of marketable securities	626,697	382,376
Repayment of borrowings against cash surrender value of corporate-owned life insurance	0	(26,005)
Purchase of investments – net of proceeds	(3,592)	(1,005)
Capital expenditures	(21,150)	(25,819)
Proceeds from insurance settlement	0	1,200
Change in restricted cash	(1,190)	(1,100)
Other-net	(343)	(238)
Net cash provided by/(used in) investing activities	45,382	(68,715)
Cash flows from financing activities
Repayment of debt and capital lease obligations	(223,653)	(18,860)
Dividends paid	(20,053)	(18,166)
Stock issuances	102,803	1,120
Repurchases	(43,561)	0
Net cash used in financing activities	(184,464)	(35,906)
Net decrease in cash and cash equivalents	(31,048)	(68,378)
Effect of exchange rate changes on cash	(953)	224
Cash and cash equivalents at the beginning of the period	176,607	482,745
Cash and cash equivalents at the end of the period	$ 144,606	$ 414,591

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 27, 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 September 27, 2015 and December 28, 2014 , and the results of operations and cash flows of the Company for the periods ended September 27, 2015 and September 28, 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 third -quarter periods and 39 weeks for the full nine -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	9 Months Ended
	Sep. 27, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As of September 27, 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 after 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	9 Months Ended
	Sep. 27, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	MARKETABLE SECURITIES Our marketable debt securities consisted of the following: (In thousands) September 27, 2015 December 28, 2014 Short-term marketable securities Marketable debt securities U.S Treasury securities $ 170,815 $ 238,488 Corporate debt securities 184,579 208,346 U.S. agency securities 56,274 32,009 Municipal securities 3,242 13,622 Certificates of deposit 63,583 109,293 Commercial paper 20,993 34,985 Total short-term marketable securities $ 499,486 $ 636,743 Long-term marketable securities Marketable debt securities Corporate debt securities $ 96,454 $ 71,191 U.S. agency securities 132,132 95,204 Municipal securities — 1,425 Total long-term marketable securities $ 228,586 $ 167,820 As of September 27, 2015 , our short-term and long-term marketable securities had remaining maturities of less than 1 month to 12 months and 13 months to 36 months , respectively. See Note 8 for additional information regarding the fair value of our marketable securities.

Goodwill

Goodwill	9 Months Ended
	Sep. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The changes in the carrying amount of goodwill as of September 27, 2015 and December 28, 2014 were as follows: (In thousands) Total Company Balance as of December 28, 2014 $ 116,422 Foreign currency translation (5,953 ) Balance as of September 27, 2015 $ 110,469 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	9 Months Ended
	Sep. 27, 2015
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Equity Method Investments As of September 27, 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 our equity method investments during the nine -month periods ended September 27, 2015 and September 28, 2014 . We purchase newsprint and have purchased supercalendered paper from the Paper Mills at competitive prices. Such purchases totaled $8.8 million and $15.2 million for the nine -month periods ended September 27, 2015 and September 28, 2014 , respectively. Effective February 2015, we no longer purchase supercalendered paper.

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 27, 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 September 27, 2015 December 28, 2014 Current portion of long-term debt and capital lease obligations: Senior notes due in March 2015 5.0 % $ — $ 223,662 Long-term debt and capital lease obligations: Senior notes due in December 2016 6.625 % 188,178 187,604 Option to repurchase ownership interest in headquarters building in 2019 235,077 232,118 Long-term capital lease obligations 6,752 6,736 Total long-term debt and capital lease obligations 430,007 426,458 Total debt and capital lease obligations $ 430,007 $ 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 Nine Months Ended (In thousands) September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Cash interest expense $ 9,919 $ 12,795 $ 32,008 $ 38,999 Premium on debt repurchases — 2,188 — 2,188 Amortization of debt issuance costs and discount on debt 1,180 1,314 3,540 3,632 Capitalized interest (85 ) (47 ) (242 ) (129 ) Interest income (1,887 ) (996 ) (4,211 ) (2,930 ) Total interest expense, net $ 9,127 $ 15,254 $ 31,095 $ 41,760

Other

Other	9 Months Ended
	Sep. 27, 2015
Other Income and Expenses [Abstract]
Other	OTHER Severance Costs We recognized severance costs of $1.0 million in the third quarter of 2015 and $4.3 million in the first nine months of 2015 . We recognized severance costs of $21.4 million in the third quarter of 2014 and $26.7 million in the first nine months of 2014 , the majority of which related to workforce reductions that the Company announced on October 1, 2014. These costs are recorded in “Selling, general and administrative costs” in our Condensed Consolidated Statements of Operations. We had a severance liability of $14.9 million and $34.6 million included in “Accrued expenses and other” in our Condensed Consolidated Balance Sheets as of September 27, 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 Advertising expenses incurred to promote our consumer and marketing services were $20.6 million in the third quarter of 2015 and $63.1 million in the first nine months of 2015 compared to $20.1 million in the third quarter of 2014 and $67.7 million in the first nine months of 2014 . Capitalized Computer Software Costs Amortization of capitalized computer software costs included in “Depreciation and amortization” in our Condensed Consolidated Statements of Operations were $2.9 million in the third quarter of 2015 and $8.9 million in the first nine months of 2015 compared to $6.9 million in the third quarter of 2014 and $21.2 million in the first nine months of 2014 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 27, 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 September 27, 2015 and December 28, 2014 : (In thousands) September 27, 2015 December 28, 2014 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Deferred compensation $ 34,330 $ 34,330 $ — $ — $ 45,136 $ 45,136 $ — $ — The deferred compensation liability, included in “Other liabilities—Other” in our Condensed Consolidated Balance Sheets, consists of deferrals under The New York Times Company Deferred Executive Compensation Plan (the “DEC”), 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. The DEC has been frozen effective December 31, 2015. 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 September 27, 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 $423 million as of September 27, 2015 and $420 million as of December 28, 2014 . The fair value of our long-term debt was $520 million as of September 27, 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	9 Months Ended
	Sep. 27, 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 two single-employer defined benefit plans, which are established pursuant to collective bargaining and cover Company employees who are members of The Newspaper Guild of New York. The plans are sponsored by a Board of Trustees consisting of representatives of The Newspaper Guild of New York and the Company. The Newspaper Guild of New York-The New York Times Pension Fund (the “Guild Plan”) is a frozen plan. The Guild-Times Adjustable Pension Plan is a new defined benefit plan that replaced the Guild Plan. The components of net periodic pension cost were as follows: For the Quarters Ended September 27, 2015 September 28, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 2,989 $ — $ 2,989 $ 2,386 $ — $ 2,386 Interest cost 18,514 2,502 21,016 21,112 2,382 23,494 Expected return on plan assets (28,832 ) — (28,832 ) (28,460 ) — (28,460 ) Amortization of actuarial loss 9,478 1,271 10,749 6,655 990 7,645 Amortization of prior service credit (487 ) — (487 ) (486 ) — (486 ) Net periodic pension cost $ 1,662 $ 3,773 $ 5,435 $ 1,207 $ 3,372 $ 4,579 For the Nine Months Ended September 27, 2015 September 28, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 8,964 $ — $ 8,964 $ 7,158 $ — $ 7,158 Interest cost 55,966 7,506 63,472 63,336 7,968 71,304 Expected return on plan assets (86,439 ) — (86,439 ) (85,380 ) — (85,380 ) Amortization of actuarial loss 28,354 3,811 32,165 19,964 3,077 23,041 Amortization of prior service credit (1,459 ) — (1,459 ) (1,456 ) — (1,456 ) Effect of settlement 40,329 — 40,329 — 9,525 9,525 Net periodic pension cost $ 45,715 $ 11,317 $ 57,032 $ 3,622 $ 20,570 $ 24,192 During the first nine months of 2015 and 2014, we made pension contributions of $5.3 million and $12.5 million , respectively, to certain qualified pension plans. We expect to make total contributions of $7.7 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 Nine Months Ended (In thousands) September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Service cost $ 148 $ 145 $ 442 $ 439 Interest cost 688 930 2,065 2,950 Amortization of actuarial loss 1,303 1,237 3,909 3,605 Amortization of prior service credit (2,399 ) (1,800 ) (7,349 ) (5,000 ) Net periodic postretirement benefit (credit) expense $ (260 ) $ 512 $ (933 ) $ 1,994

Income Taxes

Income Taxes	9 Months Ended
	Sep. 27, 2015
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company had income tax expense of $3.6 million and $5.9 million in the third quarter and first nine months of 2015 , respectively, and an effective tax rate of 27.8% and 34.6% in the third quarter and first nine months of 2015 , respectively. The effective income tax rate for the third quarter of 2015 was lower than the statutory tax rate principally due to the tax deduction for domestic production activities. The Company had an income tax benefit of $10.2 million and $12.2 million in the third quarter and first nine months of 2014 , respectively. The tax benefits in the third quarter and first nine months of 2014 were primarily due to pre-tax losses from continuing operations and a reduction in our reserve for uncertain tax positions, respectively.

Earnings_(Loss) Per Share

Earnings/(Loss) Per Share	9 Months Ended
	Sep. 27, 2015
Earnings Per Share [Abstract]
Earnings/(Loss) Per Share	EARNINGS/(LOSS) PER SHARE We compute earnings/(loss) per share using a two-class method, an earnings allocation method used 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. Earnings/(loss) per share is computed using both basic shares and diluted shares. 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 excluded from the computation of diluted earnings per share because they were anti-dilutive was approximately 5 million in the third quarter and first nine months of 2015 and approximately 6 million in the third quarter and first nine months of 2014 .

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	9 Months Ended
	Sep. 27, 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) 11,553 (390 ) 11,163 Other comprehensive income, net of tax 36,282 51 36,333 Effect of issuance of shares 100,624 — 100,624 Share repurchases (45,953 ) — (45,953 ) Dividends declared (19,926 ) — (19,926 ) Stock-based compensation 7,930 — 7,930 Balance as of September 27, 2015 $ 816,838 $ 1,682 $ 818,520 (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 (loss)/income (1,568 ) 41 (1,527 ) Other comprehensive income, net of tax 21,757 — 21,757 Effect of issuance of shares (841 ) — (841 ) Dividends declared (18,179 ) — (18,179 ) Stock-based compensation 7,163 — 7,163 Balance as of September 28, 2014 $ 851,242 $ 3,665 $ 854,907 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 January 13, 2015, the Board of Directors terminated an existing authorization to repurchase shares of the Company’s Class A Common Stock and approved a new repurchase authorization of $101.1 million , equal to the cash proceeds received by the Company from the exercise of warrants. As of September 27, 2015 , the Company had repurchased 3,637,639 Class A shares under this authorization for a cost of $45.9 million (excluding commissions). 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 September 27, 2015 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Total Accumulated Other Comprehensive Loss Balance as of December 28, 2014 $ 5,705 $ (539,500 ) $ (533,795 ) Other comprehensive loss before reclassifications, before tax (1) (7,102 ) — (7,102 ) Amounts reclassified from accumulated other comprehensive income, before tax (1) — 67,595 67,595 Income tax (benefit)/expense (1) (2,540 ) 26,751 24,211 Net current-period other comprehensive (loss)/income, net of tax (4,562 ) 40,844 36,282 Balance as of September 27, 2015 $ 1,143 $ (498,656 ) $ (497,513 ) (1) All amounts are shown net of noncontrolling interest. The following table summarizes the reclassifications from AOCI for the periods ended September 27, 2015 : (In thousands) For the Nine Months Ended September 27, 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) $ (8,808 ) Selling, general & administrative costs Amortization of actuarial loss (1) 36,074 Selling, general & administrative costs Pension settlement charge 40,329 Pension settlement charges Total reclassification, before tax (2) 67,595 Income tax expense 26,751 Income tax (benefit)/expense Total reclassification, net of tax $ 40,844 (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 September 27, 2015 .

Segment Information

Segment Information	9 Months Ended
	Sep. 27, 2015
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION We have one reportable segment that includes The New York Times, 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, NYT Live business (which includes conferences and live events), e-commerce and the Crossword product.

Contingent Liabilities

Contingent Liabilities	9 Months Ended
	Sep. 27, 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 September 27, 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 Delivery Systems, Inc., 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 the matter is currently being arbitrated. We do not believe that a loss is probable on this matter and have not recorded a loss contingency for the period ended September 27, 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 September 27, 2015 , we made total payments of $9.8 million since the receipt of the initial demand letter, including $5.3 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 Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 27, 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 after 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)	9 Months Ended
	Sep. 27, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Debt and Equity Securities	Our marketable debt securities consisted of the following: (In thousands) September 27, 2015 December 28, 2014 Short-term marketable securities Marketable debt securities U.S Treasury securities $ 170,815 $ 238,488 Corporate debt securities 184,579 208,346 U.S. agency securities 56,274 32,009 Municipal securities 3,242 13,622 Certificates of deposit 63,583 109,293 Commercial paper 20,993 34,985 Total short-term marketable securities $ 499,486 $ 636,743 Long-term marketable securities Marketable debt securities Corporate debt securities $ 96,454 $ 71,191 U.S. agency securities 132,132 95,204 Municipal securities — 1,425 Total long-term marketable securities $ 228,586 $ 167,820

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 27, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill balances	The changes in the carrying amount of goodwill as of September 27, 2015 and December 28, 2014 were as follows: (In thousands) Total Company Balance as of December 28, 2014 $ 116,422 Foreign currency translation (5,953 ) Balance as of September 27, 2015 $ 110,469

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 27, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule and summarized unaudited condensed combined income statements of equity method investments	As of September 27, 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)	9 Months Ended
	Sep. 27, 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 September 27, 2015 December 28, 2014 Current portion of long-term debt and capital lease obligations: Senior notes due in March 2015 5.0 % $ — $ 223,662 Long-term debt and capital lease obligations: Senior notes due in December 2016 6.625 % 188,178 187,604 Option to repurchase ownership interest in headquarters building in 2019 235,077 232,118 Long-term capital lease obligations 6,752 6,736 Total long-term debt and capital lease obligations 430,007 426,458 Total debt and capital lease obligations $ 430,007 $ 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 Nine Months Ended (In thousands) September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Cash interest expense $ 9,919 $ 12,795 $ 32,008 $ 38,999 Premium on debt repurchases — 2,188 — 2,188 Amortization of debt issuance costs and discount on debt 1,180 1,314 3,540 3,632 Capitalized interest (85 ) (47 ) (242 ) (129 ) Interest income (1,887 ) (996 ) (4,211 ) (2,930 ) Total interest expense, net $ 9,127 $ 15,254 $ 31,095 $ 41,760

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 27, 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 September 27, 2015 and December 28, 2014 : (In thousands) September 27, 2015 December 28, 2014 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Deferred compensation $ 34,330 $ 34,330 $ — $ — $ 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 Postretirem27

Pension and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 27, 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 September 27, 2015 September 28, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 2,989 $ — $ 2,989 $ 2,386 $ — $ 2,386 Interest cost 18,514 2,502 21,016 21,112 2,382 23,494 Expected return on plan assets (28,832 ) — (28,832 ) (28,460 ) — (28,460 ) Amortization of actuarial loss 9,478 1,271 10,749 6,655 990 7,645 Amortization of prior service credit (487 ) — (487 ) (486 ) — (486 ) Net periodic pension cost $ 1,662 $ 3,773 $ 5,435 $ 1,207 $ 3,372 $ 4,579 For the Nine Months Ended September 27, 2015 September 28, 2014 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 8,964 $ — $ 8,964 $ 7,158 $ — $ 7,158 Interest cost 55,966 7,506 63,472 63,336 7,968 71,304 Expected return on plan assets (86,439 ) — (86,439 ) (85,380 ) — (85,380 ) Amortization of actuarial loss 28,354 3,811 32,165 19,964 3,077 23,041 Amortization of prior service credit (1,459 ) — (1,459 ) (1,456 ) — (1,456 ) Effect of settlement 40,329 — 40,329 — 9,525 9,525 Net periodic pension cost $ 45,715 $ 11,317 $ 57,032 $ 3,622 $ 20,570 $ 24,192
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 Nine Months Ended (In thousands) September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Service cost $ 148 $ 145 $ 442 $ 439 Interest cost 688 930 2,065 2,950 Amortization of actuarial loss 1,303 1,237 3,909 3,605 Amortization of prior service credit (2,399 ) (1,800 ) (7,349 ) (5,000 ) Net periodic postretirement benefit (credit) expense $ (260 ) $ 512 $ (933 ) $ 1,994

Supplemental Stockholders' Eq28

Supplemental Stockholders' Equity Information (Tables)	9 Months Ended
	Sep. 27, 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) 11,553 (390 ) 11,163 Other comprehensive income, net of tax 36,282 51 36,333 Effect of issuance of shares 100,624 — 100,624 Share repurchases (45,953 ) — (45,953 ) Dividends declared (19,926 ) — (19,926 ) Stock-based compensation 7,930 — 7,930 Balance as of September 27, 2015 $ 816,838 $ 1,682 $ 818,520 (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 (loss)/income (1,568 ) 41 (1,527 ) Other comprehensive income, net of tax 21,757 — 21,757 Effect of issuance of shares (841 ) — (841 ) Dividends declared (18,179 ) — (18,179 ) Stock-based compensation 7,163 — 7,163 Balance as of September 28, 2014 $ 851,242 $ 3,665 $ 854,907
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the changes in AOCI by component as of September 27, 2015 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Total Accumulated Other Comprehensive Loss Balance as of December 28, 2014 $ 5,705 $ (539,500 ) $ (533,795 ) Other comprehensive loss before reclassifications, before tax (1) (7,102 ) — (7,102 ) Amounts reclassified from accumulated other comprehensive income, before tax (1) — 67,595 67,595 Income tax (benefit)/expense (1) (2,540 ) 26,751 24,211 Net current-period other comprehensive (loss)/income, net of tax (4,562 ) 40,844 36,282 Balance as of September 27, 2015 $ 1,143 $ (498,656 ) $ (497,513 ) (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 September 27, 2015 : (In thousands) For the Nine Months Ended September 27, 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) $ (8,808 ) Selling, general & administrative costs Amortization of actuarial loss (1) 36,074 Selling, general & administrative costs Pension settlement charge 40,329 Pension settlement charges Total reclassification, before tax (2) 67,595 Income tax expense 26,751 Income tax (benefit)/expense Total reclassification, net of tax $ 40,844 (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 September 27, 2015 .

Basis of Presentation (Details)

Basis of Presentation (Details)	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Duration	91 days	91 days	273 days	273 days

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 27, 2015	Dec. 28, 2014
Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	$ 499,486	$ 636,743
Long-term marketable securities	228,586	167,820
Debt Securities | US Treasury Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	170,815	238,488
Debt Securities | Corporate Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	184,579	208,346
Long-term marketable securities	96,454	71,191
Debt Securities | US Agency Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	56,274	32,009
Long-term marketable securities	132,132	95,204
Debt Securities | Municipal Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	3,242	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	63,583	109,293
Debt Securities | Commercial Paper
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	$ 20,993	$ 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	36 months

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 27, 2015USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 116,422
Foreign currency translation	(5,953)
Goodwill, ending balance	$ 110,469

Investments - Equity Method Inv

Investments - Equity Method Investments (Details) - USD ($)	9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014
Schedule of Equity Method Investments [Line Items]
Newsprint and supercalendered paper purchased from the Paper Mills	$ 8,800,000	$ 15,200,000
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%

Debt Obligations - Debt & Capit

Debt Obligations - Debt & Capital Leases (Details) - USD ($) $ in Thousands	Sep. 27, 2015	Dec. 28, 2014
Debt Instrument [Line Items]
Long-term capital lease obligations	$ 6,752	$ 6,736
Long-term debt and capital lease obligations	430,007	426,458
Total debt and capital lease obligations	$ 430,007	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	$ 188,178	187,604
Option To Repurchase Headquarters Building 2019
Debt Instrument [Line Items]
Long-term debt	$ 235,077	$ 232,118

Debt Obligations - Interest Exp

Debt Obligations - Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014	Dec. 28, 2014
Debt Disclosure [Abstract]
Cash interest expense	$ 9,919	$ 12,795	$ 32,008	$ 38,999
Premium on debt repurchases	0	2,188		2,188	$ 0
Amortization of debt issuance costs and discount on debt	1,180	1,314	3,540	3,632
Capitalized interest	(85)	(47)	(242)	(129)
Interest income	(1,887)	(996)	(4,211)	(2,930)
Total interest expense, net	$ 9,127	$ 15,254	$ 31,095	$ 41,760

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					9 Months Ended
	Sep. 27, 2015	Mar. 29, 2015	Sep. 28, 2014	Jun. 29, 2014	Mar. 30, 2014	Sep. 27, 2015	Sep. 28, 2014	Dec. 28, 2014
Other Expense [Line Items]
Severance costs	$ 1,000		$ 21,400			$ 4,300	$ 26,700
Severance liability	14,900					14,900		$ 34,600
Pension settlement charges	0		0			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	20,600		20,100			63,100	67,700
Depreciation expense	15,369		19,375			46,023	58,636
Capitalized Computer Software Costs
Other Expense [Line Items]
Depreciation expense	$ 2,900		$ 6,900			$ 8,900	$ 21,200
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			9 Months Ended		12 Months Ended
	Sep. 27, 2015	Dec. 28, 2014	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 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	$ (170)		$ (1,599)	$ 758	$ 523
Carrying value of long-term debt	423,000	$ 420,000		423,000		$ 420,000
Long-term debt, fair value	520,000	527,000		520,000		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	34,330	45,136		34,330		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	$ 34,330	45,136		$ 34,330		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) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 27, 2015USD ($)	Mar. 29, 2015USD ($)	Sep. 28, 2014USD ($)	Jun. 29, 2014USD ($)	Sep. 27, 2015USD ($)plan	Sep. 28, 2014USD ($)
Pension Benefits
Number of single employer defined benefit plans | plan					2
Pension settlement charges	$ 0		$ 0		$ 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	2,989		2,386		8,964	7,158
Interest cost	18,514		21,112		55,966	63,336
Expected return on plan assets	(28,832)		(28,460)		(86,439)	(85,380)
Amortization of actuarial loss	9,478		6,655		28,354	19,964
Amortization of prior service credit	(487)		(486)		(1,459)	(1,456)
Effect of settlement					40,329	0
Net periodic pension cost	1,662		1,207		45,715	3,622
Non-Qualified Plans
Pension Benefits
Service cost	0		0		0	0
Interest cost	2,502		2,382		7,506	7,968
Expected return on plan assets	0		0		0	0
Amortization of actuarial loss	1,271		990		3,811	3,077
Amortization of prior service credit	0		0		0	0
Effect of settlement					0	9,525
Net periodic pension cost	3,773		3,372		11,317	20,570
Pension Plans, Defined Benefit
Pension Benefits
Service cost	2,989		2,386		8,964	7,158
Interest cost	21,016		23,494		63,472	71,304
Expected return on plan assets	(28,832)		(28,460)		(86,439)	(85,380)
Amortization of actuarial loss	10,749		7,645		32,165	23,041
Amortization of prior service credit	(487)		(486)		(1,459)	(1,456)
Effect of settlement					40,329	9,525
Net periodic pension cost	$ 5,435		$ 4,579		57,032	24,192
Pension Contributions					5,300	$ 12,500
Estimated future employer contributions in 2015					$ 7,700
Pension settlement charges		40,300		9,500
Lump-sum payments to be made from plan assets		98,300
Pension obligation reduction		$ (142,800)		$ (32,000)

Other Postretirement Benefits (

Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Pension Benefits
Service cost	$ 148	$ 145	$ 442	$ 439
Interest cost	688	930	2,065	2,950
Amortization of actuarial loss	1,303	1,237	3,909	3,605
Amortization of prior service credit	(2,399)	(1,800)	(7,349)	(5,000)
Net periodic pension cost	$ (260)	$ 512	$ (933)	$ 1,994

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Income Tax Disclosure [Abstract]
Income tax expense/(benefit)	$ 3,611	$ (10,247)	$ 5,904	$ (12,226)
Effective income tax rate (percent)	27.80%		34.60%

Earnings_(Loss) Per Share (Deta

Earnings/(Loss) Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
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	6	5	6

Supplemental Stockholders' Eq42

Supplemental Stockholders' Equity Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 14, 2015	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014	Jan. 13, 2015	Jan. 31, 2009
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period				$ 728,349	$ 846,534
Net income/(loss)		$ 9,365	$ (12,440)	11,163	(1,527)
Other comprehensive income, net of tax		5,049	13,886	36,333	21,757
Effect of issuance of shares				100,624	(841)
Share repurchases				(45,953)
Dividends declared				(19,926)	(18,179)
Stock-based compensation				7,930	7,163
Balance, end of period		818,520	854,907	818,520	854,907
Proceeds from warrant exercises	$ 101,100
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share repurchases				$ (45,900)
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
Shares repurchased				3,637,639
Carlos Slim Helu
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Class-A Common Stock ownership percentage							8.00%
Total New York Times Company Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period				$ 726,328	842,910
Net income/(loss)				11,553	(1,568)
Other comprehensive income, net of tax				36,282	21,757
Effect of issuance of shares				100,624	(841)
Share repurchases				(45,953)
Dividends declared				(19,926)	(18,179)
Stock-based compensation				7,930	7,163
Balance, end of period		816,838	851,242	816,838	851,242
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period				2,021	3,624
Net income/(loss)				(390)	41
Other comprehensive income, net of tax				51	0
Effect of issuance of shares				0	0
Share repurchases				0
Dividends declared				0	0
Stock-based compensation				0	0
Balance, end of period		$ 1,682	$ 3,665	$ 1,682	$ 3,665

Supplemental Stockholders' Eq43

Supplemental Stockholders' Equity Information Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				$ (533,795)
Income tax (benefit)/expense		$ 3,635	$ 9,410	24,211	$ 14,551
Other comprehensive income, net of tax		5,049	$ 13,886	36,333	21,757
Balance, ending		(497,513)		(497,513)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				5,705
Other comprehensive income before reclassifications, before tax	[1]			(7,102)
Amounts reclassified from accumulated other comprehensive loss, before tax	[1]			0
Income tax (benefit)/expense	[1]			(2,540)
Other comprehensive income, net of tax				(4,562)
Balance, ending		1,143		1,143
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]			67,595
Income tax (benefit)/expense	[1]			26,751
Other comprehensive income, net of tax				40,844
Balance, ending		(498,656)		(498,656)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning				(533,795)
Other comprehensive income before reclassifications, before tax	[1]			(7,102)
Amounts reclassified from accumulated other comprehensive loss, before tax	[1]			67,595
Income tax (benefit)/expense	[1]			24,211
Other comprehensive income, net of tax				36,282	$ 21,757
Balance, ending		$ (497,513)		$ (497,513)
[1]	All amounts are shown net of noncontrolling interest.

Supplemental Stockholders' Eq44

Supplemental Stockholders' Equity Information Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense		$ (3,635)	$ (9,410)	$ (24,211)	$ (14,551)
Accumulated Defined Benefit Plans Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	[1]			(26,751)
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]			67,595
Income tax expense				26,751
Total reclassification, net of tax				(40,844)
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]			(8,808)
Amortization of actuarial loss	[3]			36,074
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 September 27, 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)	9 Months Ended
	Sep. 27, 2015Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Contingent Liabilities - Restri

Contingent Liabilities - Restricted Cash (Details) - USD ($) $ in Millions	Sep. 27, 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		9 Months Ended
	Dec. 31, 2014	Sep. 30, 2013	Sep. 27, 2015
Loss Contingencies [Line Items]
Demand for payment	$ 34	$ 26
Decline in contributions, percent (more than)		70.00%
Payments made in accordance with ERISA			$ 9.8
Payments made in current period			$ 5.3