The New York Times Company (NYT) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document Entity Information

Document Entity Information - shares	3 Months Ended
	Mar. 27, 2016	Apr. 29, 2016
Entity Information [Line Items]
Entity Registrant Name	NEW YORK TIMES CO
Entity Central Index Key	71,691
Current Fiscal Year End Date	--12-25
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 27, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	NYT
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		160,111,668
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	Mar. 27, 2016	Dec. 27, 2015
Current assets
Cash and cash equivalents	$ 185,693	$ 105,776
Short-term marketable securities	436,397	507,639
Accounts receivable (net of allowances of $12,233 in 2016 and $13,485 in 2015)	170,018	207,180
Prepaid expenses	21,536	19,430
Other current assets	32,484	22,507
Total current assets	846,128	862,532
Long-term marketable securities	252,157	291,136
Investments in joint ventures	10,922	22,815
Property, plant and equipment (less accumulated depreciation and amortization of $870,536 in 2016 and $856,974 in 2015)	621,696	632,439
Goodwill	110,291	109,085
Intangible assets	12,250	0
Deferred income taxes	305,812	309,142
Miscellaneous assets	152,731	190,541
Total assets	2,311,987	2,417,690
Current liabilities
Accounts payable	85,887	96,082
Accrued payroll and other related liabilities	52,303	98,256
Unexpired subscriptions	64,051	60,184
Current portion of long-term debt and capital lease obligations	188,579	188,377
Accrued expenses and other	122,318	120,686
Total current liabilities	513,138	563,585
Other liabilities
Long-term debt and capital lease obligations	243,907	242,851
Pension benefits obligation	615,096	627,697
Postretirement benefits obligation	61,800	62,879
Other	84,966	92,223
Total other liabilities	1,005,769	1,025,650
Common stock of $.10 par value:
Additional paid-in capital	140,895	146,348
Retained earnings	1,314,030	1,328,744
Common stock held in treasury, at cost	(171,211)	(156,155)
Accumulated other comprehensive loss, net of income taxes:
Foreign currency translation adjustments	1,164	17
Funded status of benefit plans	(505,167)	(509,111)
Total accumulated other comprehensive loss, net of income taxes	(504,003)	(509,094)
Total New York Times Company stockholders’ equity	796,691	826,751
Noncontrolling interest	(3,611)	1,704
Total stockholders’ equity	793,080	828,455
Total liabilities and stockholders’ equity	2,311,987	2,417,690
Class A Common Stock
Common stock of $.10 par value:
Common stock value	16,898	16,826
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	Mar. 27, 2016	Dec. 27, 2015
Accounts receivable, allowances	$ 12,233	$ 13,485
Accumulated depreciation and amortization	$ 870,536	$ 856,974
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)	168,982,469	168,263,533
Treasury shares (in shares)	8,870,801	7,691,129
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
	Mar. 27, 2016	Mar. 29, 2015
Revenues
Circulation	$ 217,994	$ 212,793
Advertising	139,680	149,908
Other	21,841	21,538
Total revenues	379,515	384,239
Production costs:
Raw materials	17,875	20,277
Wages and benefits	92,471	90,638
Other	47,516	45,721
Total production costs	157,862	156,636
Selling, general and administrative costs	178,246	178,797
Depreciation and amortization	15,472	14,844
Total operating costs	351,580	350,277
Pension settlement charges	0	40,329
Multiemployer pension plan withdrawal expense	0	4,697
Operating profit/(loss)	27,935	(11,064)
Loss from joint ventures	(41,896)	(572)
Interest expense, net	8,826	12,192
Loss from continuing operations before income taxes	(22,787)	(23,828)
Income tax benefit	(9,201)	(9,407)
Net loss	(13,586)	(14,421)
Net loss attributable to the noncontrolling interest	5,315	159
Net loss attributable to The New York Times Company common stockholders	$ (8,271)	$ (14,262)
Average number of common shares outstanding:
Basic (in shares)	161,003	163,988
Diluted (in shares)	161,003	163,988
Basic loss per share attributable to The New York Times Company common stockholders	$ (0.05)	$ (0.09)
Diluted loss per share attributable to The New York Times Company common stockholders	(0.05)	(0.09)
Dividends declared per share (USD per share)	$ 0.04	$ 0.04

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (13,586)	$ (14,421)
Other comprehensive income, before tax:
Income/(loss) on foreign currency translation adjustments	1,642	(8,527)
Pension and postretirement benefits obligation	6,552	49,338
Other comprehensive income, before tax	8,194	40,811
Income tax expense	3,103	16,320
Other comprehensive income, net of tax	5,091	24,491
Comprehensive (loss)/income	(8,495)	10,070
Comprehensive loss attributable to the noncontrolling interest	5,315	159
Comprehensive (loss)/income attributable to The New York Times Company common stockholders	$ (3,180)	$ 10,229

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Cash flows from operating activities
Net loss	$ (13,586)	$ (14,421)
Adjustments to reconcile net income to net cash provided by operating activities:
Pension settlement charges	0	40,329
Multiemployer pension plan withdrawal expense	0	4,697
Depreciation and amortization	15,472	14,844
Stock-based compensation expense	2,931	1,852
Undistributed loss of joint ventures	41,896	572
Long-term retirement benefit obligations	(6,886)	(2,602)
Uncertain tax positions	460	(118)
Other-net	(5,793)	5,271
Changes in operating assets and liabilities:
Accounts receivable-net	37,162	46,788
Other current assets	(1,808)	9,410
Accounts payable, accrued payroll and other liabilities	(94,399)	(98,532)
Unexpired subscriptions	3,867	2,983
Net cash (used in)/provided by operating activities	(20,684)	11,073
Cash flows from investing activities
Purchases of marketable securities	(34,912)	(136,466)
Maturities of marketable securities	143,965	357,820
Cash distribution from corporate-owned life insurance	38,000	0
Acquisition of digital marketing agency	(12,250)	0
Capital expenditures	(10,542)	(8,791)
Change in restricted cash	(470)	398
Other-net	(1,026)	(1,472)
Net cash provided by investing activities	122,765	211,489
Cash flows from financing activities
Repayment of debt and capital lease obligations	(138)	(223,664)
Dividends paid	(6,461)	(6,693)
Stock issuances	0	101,879
Repurchases	(15,684)	(3,221)
Net cash used in financing activities	(22,283)	(131,699)
Net increase in cash and cash equivalents	79,798	90,863
Effect of exchange rate changes on cash	119	(1,295)
Cash and cash equivalents at the beginning of the period	105,776	176,607
Cash and cash equivalents at the end of the period	$ 185,693	$ 266,175

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 27, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION In the opinion of management of The New York Times Company (the “Company”), the Condensed Consolidated Financial Statements present fairly the financial position of the Company as of March 27, 2016 and December 27, 2015 , and the results of operations and cash flows of the Company for the periods ended March 27, 2016 and March 29, 2015 . 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 (“GAAP”) 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 27, 2015 . 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 first quarter. The preparation of financial statements in conformity with 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	3 Months Ended
	Mar. 27, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As of March 27, 2016 , our significant accounting policies, which are detailed in our Annual Report on Form 10-K for the year ended December 27, 2015 , have not changed. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “Compensation-Stock Compensation,” which provides guidance on accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This guidance becomes effective for the Company for fiscal years beginning after December 25, 2016. Early application is permitted. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value will be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. Amendments related to the presentation of employee taxes paid on the statement of cash flows when the Company withholds shares to meet the minimum statutory withholding requirement will be applied retrospectively. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term will be applied prospectively. The Company may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. We are currently in the process of evaluating the impact of the new stock compensation guidance. In February 2016, the FASB issued ASU 2016-02, “Leases,” which provides guidance on accounting for leases and disclosure of key information about leasing arrangements. The guidance requires lessees to recognize the following for all operating and finance leases at the commencement date: (1) a lease liability, which is the obligation to make lease payments arising from a lease, measured on a discounted basis and (2) a right-of-use asset representing the lessee’s right to use, or control the use of, the underlying asset for the lease term. A lessee is permitted to make an accounting policy election not to recognize lease assets and lease liabilities for short-term leases with a term of 12 months or less. The guidance does not fundamentally change lessor accounting; however, some changes have been made to align that guidance with the lessee guidance and other areas within GAAP. This guidance becomes effective for the Company for fiscal years beginning after December 30, 2018. Early application is permitted. This guidance will be applied on a modified retrospective basis for leases existing at, or entered into after, the earliest period presented in the financial statements. We are currently in the process of evaluating the impact of the new leasing guidance. In May 2014, the 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. This guidance is effective for fiscal years beginning after December 31, 2017, subject to finalization. Early application is permitted. Subsequently, in March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” which clarifies the implementation guidance on principal versus agent considerations in ASU 2014-09. The amendments in ASU 2016-08 do not change the core principle of ASU 2014-09. In April 2016, the FASB also issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,” to reduce the cost and complexity of applying the guidance on identifying promised goods or services when identifying a performance obligation and improve the operability and understandability of the licensing implementation guidance. The amendments in ASU 2016-10 do not change the core principle of ASU 2014-09. We are currently in the process of evaluating the impact of the new revenue guidance. The Company considers the applicability and impact of all ASUs. ASUs not specifically identified in our disclosures are either not applicable to the Company or not expected to have a material effect on our financial condition or results of operations.

Marketable Securities

Marketable Securities	3 Months Ended
	Mar. 27, 2016
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	MARKETABLE SECURITIES Our marketable debt securities consisted of the following: (In thousands) March 27, 2016 December 27, 2015 Short-term marketable securities U.S Treasury securities $ 155,103 $ 184,278 Corporate debt securities 163,595 185,561 U.S. agency securities 54,114 65,222 Municipal securities — 1,363 Certificates of deposit 38,253 60,244 Commercial paper 25,332 10,971 Total short-term marketable securities $ 436,397 $ 507,639 Long-term marketable securities Corporate debt securities $ 105,406 $ 119,784 U.S. agency securities 128,971 150,583 U.S Treasury securities 17,780 20,769 Total long-term marketable securities $ 252,157 $ 291,136 As of March 27, 2016 , our short-term and long-term marketable securities had remaining maturities of less than 1 month to 12 months and 13 months to 20 months , respectively. See Note 9 for additional information regarding the fair value of our marketable securities.

Goodwill

Goodwill	3 Months Ended
	Mar. 27, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The changes in the carrying amount of goodwill as of March 27, 2016 and December 27, 2015 were as follows: (In thousands) Total Company Balance as of December 27, 2015 $ 109,085 Foreign currency translation 1,206 Balance as of March 27, 2016 $ 110,291 The foreign currency translation line item reflects changes in goodwill resulting from fluctuating exchange rates related to the consolidation of certain international subsidiaries.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 27, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETS The Company acquired HelloSociety, LLC (“HelloSociety”), a digital marketing agency, for $12.3 million in a cash transaction effective February 29, 2016. The Condensed Consolidated Financial Statements include the operating results of this acquisition subsequent to the date of acquisition. The Company has preliminarily allocated the entire purchase price of the HelloSociety acquisition to intangible assets pending the completion of the valuation of assets acquired and liabilities assumed. This allocation will be adjusted once additional information concerning asset and liability valuations is obtained. The final asset and liability fair values may differ from those included in the Company’s Condensed Consolidated Balance Sheet as of March 27, 2016 ; however, the changes are not expected to have a material effect on the Company’s Condensed Consolidated Financial Statements.

Investments

Investments	3 Months Ended
	Mar. 27, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Eq uity Method Investments As of March 27, 2016 , 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 that operated a supercalendered paper mill in Maine, and Women in the World Media, LLC, a live-event conference business. Our Company and UPM-Kymmene Corporation, a Finnish paper manufacturing company, are partners through subsidiary companies in Madison. The Company’s 40% ownership of Madison is through an 80% -owned consolidated subsidiary. UPM-Kymmene owns 60% of Madison, including a 10% interest through a 20% noncontrolling interest in the consolidated subsidiary of the Company. During the first quarter of 2016, we recognized a $41.4 million loss from joint ventures related to the announced closure of the paper mill operated by Madison. Our proportionate share of the loss was $20.1 million after tax and adjusted for the allocation of the loss to the noncontrolling interest. As a result of these costs, our investment in Madison was decreased to zero and a liability of $29.6 million was recorded in “Accrued expenses and other” in our Condensed Consolidated Balance Sheets. We believe Madison will have sufficient existing assets to sell and recover, including cash, receivables and inventory, and therefore we do not currently expect that we will be required to use any of our cash in the wind down of this investment. We received no distributions from our equity method investments during the three -month periods ended March 27, 2016 and March 29, 2015 . We purchase newsprint from Malbaie, and previously purchased supercalendered paper from Madison, at competitive prices. Such purchases totaled $3.0 million and $3.5 million for the three -month periods ended March 27, 2016 and March 29, 2015 , respectively. Cost Method Investments The aggregate carrying amount of cost method investments included in “Miscellaneous assets’’ in our Consolidated Balance Sheets were $12.2 million and $11.9 million for March 27, 2016 and December 27, 2015 , respectively.

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 27, 2016
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) March 27, 2016 December 27, 2015 Senior notes due in December 2016: Principal amount $ 189,170 $ 189,170 Less unamortized discount based on imputed interest rate of 6.625% 591 793 Total senior notes due in 2016 188,579 188,377 Option to repurchase ownership interest in headquarters building in 2019: Principal amount 250,000 250,000 Less unamortized discount based on imputed interest rate of 13.0% 12,855 13,905 Total option to repurchase ownership interest in headquarters building in 2019 237,145 236,095 Capital lease obligations 6,762 6,756 Total debt and capital lease obligations 432,486 431,228 Less current portion 188,579 188,377 Total long-term debt and capital lease obligations $ 243,907 $ 242,851 See Note 9 for information regarding the fair value of our long-term debt. “Interest expense, net,” as shown in the accompanying Condensed Consolidated Statements of Operations was as follows: For the Quarters Ended (In thousands) March 27, 2016 March 29, 2015 Interest expense $ 9,922 $ 12,169 Amortization of debt costs and discount on debt 1,253 1,215 Capitalized interest (116 ) (51 ) Interest income (2,233 ) (1,141 ) Total interest expense, net $ 8,826 $ 12,192

Other

Other	3 Months Ended
	Mar. 27, 2016
Other Income and Expenses [Abstract]
Other	OTHER Severance Costs We recognized severance costs of $3.6 million and $1.5 million in the first quarter of 2016 and 2015 , respectively. These costs are recorded in “Selling, general and administrative costs” in our Condensed Consolidated Statements of Operations. We had a severance liability of $10.4 million and $14.9 million included in “Accrued expenses and other” in our Condensed Consolidated Balance Sheets as of March 27, 2016 and December 27, 2015 , respectively. Pension Settlement Charge See Note 10 for information regarding our pension settlement charge. Multiemployer Pension Plan Withdrawal Expense See Note 10 for information regarding our multiemployer pension plan withdrawal expense. Advertising Expenses Advertising expenses incurred to promote our consumer and marketing services were $21.1 million and $21.4 million in the first quarter of 2016 and 2015 , respectively. Capitalized Computer Software Costs Amortization of capitalized computer software costs included in “Depreciation and amortization” in our Condensed Consolidated Statements of Operations was $3.0 million and $2.9 million in the first quarter of 2016 and 2015 , respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 27, 2016
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 March 27, 2016 and December 27, 2015 : (In thousands) March 27, 2016 December 27, 2015 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Deferred compensation $ 29,004 $ 29,004 $ — $ — $ 35,578 $ 35,578 $ — $ — 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 was frozen effective December 31, 2015. 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 March 27, 2016 and December 27, 2015 , 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 $237 million as of March 27, 2016 and $236 million as of December 27, 2015 . The fair value of our long-term debt was $316 million as of March 27, 2016 and December 27, 2015 . 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	3 Months Ended
	Mar. 27, 2016
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 joint Company and Guild-sponsored defined benefit pension plans covering employees who are members of The News Guild of New York, including The Newspaper Guild of New York - The New York Times Pension Fund, which was frozen in 2012 and replaced by a successor plan, The Guild-Times Adjustable Pension Plan. The components of net periodic pension cost were as follows: For the Quarters Ended March 27, 2016 March 29, 2015 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 2,247 $ — $ 2,247 $ 2,988 $ — $ 2,988 Interest cost 16,574 2,034 18,608 18,938 2,502 21,440 Expected return on plan assets (27,790 ) — (27,790 ) (28,775 ) — (28,775 ) Amortization of actuarial loss 7,069 1,053 8,122 9,397 1,270 10,667 Amortization of prior service credit (486 ) — (486 ) (486 ) — (486 ) Effect of settlement — — — 40,329 — 40,329 Net periodic pension (income)/cost $ (2,386 ) $ 3,087 $ 701 $ 42,391 $ 3,772 $ 46,163 During the first three months of 2016 and 2015 , we made pension contributions of $2.1 million to certain qualified pension plans. We expect to make total contributions of $7.6 million in 2016 to satisfy funding requirements. In the first quarter of 2016 , we changed the methodology used to calculate the service and interest components of net periodic benefit cost for retirement plans to provide a more precise measurement of service and interest costs. Historically we calculated these service and interest components utilizing a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. As of the first quarter of 2016 , we have elected to utilize an approach that discounts the individual expected cash flows using the applicable spot rates derived from the yield curve over the projected cash flow period. We have accounted for this change as a change in accounting estimate that is inseparable from a change in accounting principle and accordingly have accounted for it prospectively. 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 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 income were as follows: For the Quarters Ended (In thousands) March 27, 2016 March 29, 2015 Service cost $ 104 $ 147 Interest cost 495 688 Amortization of actuarial loss 1,026 1,303 Amortization of prior service credit (2,110 ) (2,475 ) Net periodic postretirement benefit income $ (485 ) $ (337 )

Income Taxes

Income Taxes	3 Months Ended
	Mar. 27, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company had an income tax benefit of $9.2 million in the first quarter of 2016 and $9.4 million in the first quarter of 2015 . The income tax benefit in 2016 is due to the $22.8 million loss from continuing operations before taxes that resulted from the Company’s share of losses from the announced closure of the Madison paper mill. The income tax benefit in 2015 was due to the $23.8 million loss from continuing operations before taxes that resulted from two pension charges.

Earnings_(Loss) Per Share

Earnings/(Loss) Per Share	3 Months Ended
	Mar. 27, 2016
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 decrease in our basic shares is primarily due to 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 6 million in the first quarter of 2016 and approximately 8 million in the first quarter of 2015 .

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	3 Months Ended
	Mar. 27, 2016
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 27, 2015 $ 826,751 $ 1,704 $ 828,455 Net loss (8,271 ) (5,315 ) (13,586 ) Other comprehensive income, net of tax 5,091 — 5,091 Effect of issuance of shares (8,675 ) — (8,675 ) Share repurchases (15,056 ) — (15,056 ) Dividends declared (6,443 ) — (6,443 ) Stock-based compensation 3,294 — 3,294 Balance as of March 27, 2016 $ 796,691 $ (3,611 ) $ 793,080 (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 loss (14,262 ) (159 ) (14,421 ) Other comprehensive income, net of tax 24,491 — 24,491 Effect of issuance of shares 99,828 — 99,828 Share repurchases (3,800 ) — (3,800 ) Dividends declared (6,693 ) — (6,693 ) Stock-based compensation 1,938 — 1,938 Balance as of March 29, 2015 $ 827,830 $ 1,862 $ 829,692 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 March 27, 2016 , the Company had repurchased 6,690,905 Class A shares under this authorization for a cost of $84.9 million (excluding commissions) and $16.2 million remained. Our Board of Directors has authorized us to purchase shares under this authorization 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 March 27, 2016 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Total Accumulated Other Comprehensive Loss Balance as of December 27, 2015 $ 17 $ (509,111 ) $ (509,094 ) Other comprehensive income before reclassifications, before tax (1) 1,642 — 1,642 Amounts reclassified from accumulated other comprehensive loss, before tax (1) — 6,552 6,552 Income tax expense (1) 495 2,608 3,103 Net current-period other comprehensive income, net of tax 1,147 3,944 5,091 Balance as of March 27, 2016 $ 1,164 $ (505,167 ) $ (504,003 ) (1) All amounts are shown net of noncontrolling interest. The following table summarizes the reclassifications from AOCI for the three months ended March 27, 2016 : (In thousands) 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) $ (2,596 ) Selling, general & administrative costs Amortization of actuarial loss (1) 9,148 Selling, general & administrative costs Total reclassification, before tax (2) 6,552 Income tax expense 2,608 Income tax (benefit)/expense Total reclassification, net of tax $ 3,944 (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 10 for additional information. (2) There were no reclassifications relating to noncontrolling interest for the quarter ended March 27, 2016 .

Segment Information

Segment Information	3 Months Ended
	Mar. 27, 2016
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, our NYT Live business and e-commerce.

Contingent Liabilities

Contingent Liabilities	3 Months Ended
	Mar. 27, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	CONTINGENT LIABILITIES Restricted Cash We were required to maintain $29.2 million of restricted cash as of March 27, 2016 and $28.7 million as of December 27, 2015 , the majority of which is set aside to collateralize workers’ compensation obligations. 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 March 27, 2016 . 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 March 27, 2016 , we have paid $13.4 million since the receipt of the initial demand letter, including $1.8 million in 2016 . Worcester Telegram & Gazette Corporation The Company is involved in class action litigation brought on behalf of individuals who, from 2006 to 2011, delivered newspapers at the Worcester Telegram & Gazette Corporation ​(“Worcester”), a subsidiary of the Company. The plaintiffs are asserting several claims against Worcester, including a challenge to their classification as independent contractors, and seek unspecified damages. In April 2016, the parties engaged in an unsuccessful mediation process to resolve the litigation. ​The Company believes that the claims made by the plaintiffs are without merit and continues to vigorously defend its position. The Company is unable to estimate a loss or range of possible losses at this time. 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. Although the Company cannot predict the outcome of these matters, it is possible that an unfavorable outcome in one or more matters could be material to the Company’s consolidated results of operations or cash flows for an individual reporting period. However, based on currently available information, management does not believe that the ultimate resolution of these matters, individually or in the aggregate, is likely to have a material effect on the Company’s financial position.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 27, 2016
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENT On April 26, 2016, we informed employees of proposed measures intended to streamline our international operations and support future growth efforts. These measures include a redesign of our international print newspaper and the relocation of certain editing and production operations currently conducted in Paris to our locations in Hong Kong and New York. These measures would result in the elimination of approximately 70 positions. We have initiated discussions with the relevant employee works council in Paris regarding the proposed measures. We expect to incur approximately $15 million of total costs related to the measures, including approximately $13 million of relocation and severance-related charges and approximately $2 million of lease impairment and other contract-related charges. The proposed measures remain subject to consultation with the works council, which will be conducted in accordance with applicable French law. We currently anticipate substantially all of the charges relating to the proposed measures to be recognized in the second quarter of 2016.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 27, 2016
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “Compensation-Stock Compensation,” which provides guidance on accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This guidance becomes effective for the Company for fiscal years beginning after December 25, 2016. Early application is permitted. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value will be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. Amendments related to the presentation of employee taxes paid on the statement of cash flows when the Company withholds shares to meet the minimum statutory withholding requirement will be applied retrospectively. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term will be applied prospectively. The Company may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. We are currently in the process of evaluating the impact of the new stock compensation guidance. In February 2016, the FASB issued ASU 2016-02, “Leases,” which provides guidance on accounting for leases and disclosure of key information about leasing arrangements. The guidance requires lessees to recognize the following for all operating and finance leases at the commencement date: (1) a lease liability, which is the obligation to make lease payments arising from a lease, measured on a discounted basis and (2) a right-of-use asset representing the lessee’s right to use, or control the use of, the underlying asset for the lease term. A lessee is permitted to make an accounting policy election not to recognize lease assets and lease liabilities for short-term leases with a term of 12 months or less. The guidance does not fundamentally change lessor accounting; however, some changes have been made to align that guidance with the lessee guidance and other areas within GAAP. This guidance becomes effective for the Company for fiscal years beginning after December 30, 2018. Early application is permitted. This guidance will be applied on a modified retrospective basis for leases existing at, or entered into after, the earliest period presented in the financial statements. We are currently in the process of evaluating the impact of the new leasing guidance. In May 2014, the 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. This guidance is effective for fiscal years beginning after December 31, 2017, subject to finalization. Early application is permitted. Subsequently, in March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” which clarifies the implementation guidance on principal versus agent considerations in ASU 2014-09. The amendments in ASU 2016-08 do not change the core principle of ASU 2014-09. In April 2016, the FASB also issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,” to reduce the cost and complexity of applying the guidance on identifying promised goods or services when identifying a performance obligation and improve the operability and understandability of the licensing implementation guidance. The amendments in ASU 2016-10 do not change the core principle of ASU 2014-09. We are currently in the process of evaluating the impact of the new revenue guidance. The Company considers the applicability and impact of all ASUs. ASUs not specifically identified in our disclosures are either not applicable to the Company or not expected to have a material effect on our financial condition or results of operations.

Marketable Securities (Tables)

Marketable Securities (Tables)	3 Months Ended
	Mar. 27, 2016
Investments, Debt and Equity Securities [Abstract]
Marketable Debt and Equity Securities	Our marketable debt securities consisted of the following: (In thousands) March 27, 2016 December 27, 2015 Short-term marketable securities U.S Treasury securities $ 155,103 $ 184,278 Corporate debt securities 163,595 185,561 U.S. agency securities 54,114 65,222 Municipal securities — 1,363 Certificates of deposit 38,253 60,244 Commercial paper 25,332 10,971 Total short-term marketable securities $ 436,397 $ 507,639 Long-term marketable securities Corporate debt securities $ 105,406 $ 119,784 U.S. agency securities 128,971 150,583 U.S Treasury securities 17,780 20,769 Total long-term marketable securities $ 252,157 $ 291,136

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 27, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill balances	The changes in the carrying amount of goodwill as of March 27, 2016 and December 27, 2015 were as follows: (In thousands) Total Company Balance as of December 27, 2015 $ 109,085 Foreign currency translation 1,206 Balance as of March 27, 2016 $ 110,291

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 27, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule and summarized unaudited condensed combined income statements of equity method investments	As of March 27, 2016 , 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)	3 Months Ended
	Mar. 27, 2016
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) March 27, 2016 December 27, 2015 Senior notes due in December 2016: Principal amount $ 189,170 $ 189,170 Less unamortized discount based on imputed interest rate of 6.625% 591 793 Total senior notes due in 2016 188,579 188,377 Option to repurchase ownership interest in headquarters building in 2019: Principal amount 250,000 250,000 Less unamortized discount based on imputed interest rate of 13.0% 12,855 13,905 Total option to repurchase ownership interest in headquarters building in 2019 237,145 236,095 Capital lease obligations 6,762 6,756 Total debt and capital lease obligations 432,486 431,228 Less current portion 188,579 188,377 Total long-term debt and capital lease obligations $ 243,907 $ 242,851
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 (In thousands) March 27, 2016 March 29, 2015 Interest expense $ 9,922 $ 12,169 Amortization of debt costs and discount on debt 1,253 1,215 Capitalized interest (116 ) (51 ) Interest income (2,233 ) (1,141 ) Total interest expense, net $ 8,826 $ 12,192

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 27, 2016
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 March 27, 2016 and December 27, 2015 : (In thousands) March 27, 2016 December 27, 2015 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Deferred compensation $ 29,004 $ 29,004 $ — $ — $ 35,578 $ 35,578 $ — $ —

Pension and Other Postretirem29

Pension and Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 27, 2016
Pension Plans, Defined Benefit
Pension Benefits
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income	The components of net periodic pension cost were as follows: For the Quarters Ended March 27, 2016 March 29, 2015 (In thousands) Qualified Plans Non- Qualified Plans All Plans Qualified Plans Non- Qualified Plans All Plans Service cost $ 2,247 $ — $ 2,247 $ 2,988 $ — $ 2,988 Interest cost 16,574 2,034 18,608 18,938 2,502 21,440 Expected return on plan assets (27,790 ) — (27,790 ) (28,775 ) — (28,775 ) Amortization of actuarial loss 7,069 1,053 8,122 9,397 1,270 10,667 Amortization of prior service credit (486 ) — (486 ) (486 ) — (486 ) Effect of settlement — — — 40,329 — 40,329 Net periodic pension (income)/cost $ (2,386 ) $ 3,087 $ 701 $ 42,391 $ 3,772 $ 46,163
Other Postretirement Benefit Plan
Pension Benefits
Schedule of Components of Net Periodic Pension Cost and Postretirement Benefit Income	The components of net periodic postretirement benefit income were as follows: For the Quarters Ended (In thousands) March 27, 2016 March 29, 2015 Service cost $ 104 $ 147 Interest cost 495 688 Amortization of actuarial loss 1,026 1,303 Amortization of prior service credit (2,110 ) (2,475 ) Net periodic postretirement benefit income $ (485 ) $ (337 )

Supplemental Stockholders' Eq30

Supplemental Stockholders' Equity Information (Tables)	3 Months Ended
	Mar. 27, 2016
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 27, 2015 $ 826,751 $ 1,704 $ 828,455 Net loss (8,271 ) (5,315 ) (13,586 ) Other comprehensive income, net of tax 5,091 — 5,091 Effect of issuance of shares (8,675 ) — (8,675 ) Share repurchases (15,056 ) — (15,056 ) Dividends declared (6,443 ) — (6,443 ) Stock-based compensation 3,294 — 3,294 Balance as of March 27, 2016 $ 796,691 $ (3,611 ) $ 793,080 (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 loss (14,262 ) (159 ) (14,421 ) Other comprehensive income, net of tax 24,491 — 24,491 Effect of issuance of shares 99,828 — 99,828 Share repurchases (3,800 ) — (3,800 ) Dividends declared (6,693 ) — (6,693 ) Stock-based compensation 1,938 — 1,938 Balance as of March 29, 2015 $ 827,830 $ 1,862 $ 829,692
Schedule of Accumulated Other Comprehensive Loss	The following table summarizes the changes in AOCI by component as of March 27, 2016 : (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Total Accumulated Other Comprehensive Loss Balance as of December 27, 2015 $ 17 $ (509,111 ) $ (509,094 ) Other comprehensive income before reclassifications, before tax (1) 1,642 — 1,642 Amounts reclassified from accumulated other comprehensive loss, before tax (1) — 6,552 6,552 Income tax expense (1) 495 2,608 3,103 Net current-period other comprehensive income, net of tax 1,147 3,944 5,091 Balance as of March 27, 2016 $ 1,164 $ (505,167 ) $ (504,003 ) (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 three months ended March 27, 2016 : (In thousands) 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) $ (2,596 ) Selling, general & administrative costs Amortization of actuarial loss (1) 9,148 Selling, general & administrative costs Total reclassification, before tax (2) 6,552 Income tax expense 2,608 Income tax (benefit)/expense Total reclassification, net of tax $ 3,944 (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 10 for additional information. (2) There were no reclassifications relating to noncontrolling interest for the quarter ended March 27, 2016 .

Basis of Presentation (Details)

Basis of Presentation (Details)	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Duration	91 days	91 days

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Dec. 27, 2015
Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	$ 436,397	$ 507,639
Long-term marketable securities	252,157	291,136
Debt Securities | US Treasury Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	155,103	184,278
Long-term marketable securities	17,780	20,769
Debt Securities | Corporate Debt Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	163,595	185,561
Long-term marketable securities	105,406	119,784
Debt Securities | US Agency Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	54,114	65,222
Long-term marketable securities	128,971	150,583
Debt Securities | Municipal Securities
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	0	1,363
Debt Securities | Certificates of Deposit
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	38,253	60,244
Debt Securities | Commercial Paper
Schedule of Held-to-maturity Securities [Line Items]
Short-term marketable securities	$ 25,332	$ 10,971
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	20 months

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 27, 2016USD ($)
Goodwill [Roll Forward]
Balance as of December 27, 2015	$ 109,085
Foreign currency translation	1,206
Balance as of March 27, 2016	$ 110,291

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 11, 2016	Mar. 27, 2016	Mar. 29, 2015
Finite-Lived Intangible Assets [Line Items]
Acquisition of digital marketing agency		$ 12,250	$ 0
HelloSociety
Finite-Lived Intangible Assets [Line Items]
Acquisition of digital marketing agency	$ 12,300

Investments - Equity Method Inv

Investments - Equity Method Investments (Details) - USD ($)	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Dec. 27, 2015
Schedule of Equity Method Investments [Line Items]
Loss from joint ventures	$ (41,896,000)	$ (572,000)
Newsprint and supercalendered paper purchased from the Paper Mills	3,000,000	3,500,000
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%		40.00%
Noncontrolling interest, ownership percentage by parent			10.00%
Loss from joint ventures	$ (41,400,000)
Loss from joint ventures after tax and adjusted for allocation of loss to noncontrolling interest	(20,100,000)
Investment in Madison	$ 0
Madison Paper Industries Owned Consolidated Subsidiary [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			80.00%
Noncontrolling interest, ownership percentage by parent			20.00%
Women in the World Media, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	30.00%
Accrued Expenses and Other [Member]
Schedule of Equity Method Investments [Line Items]
Obligation to fund losses of equity method investment	$ 29,600,000
UPM-Kymmene [Member] | Madison Paper Industries
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			60.00%

Investments - Cost Method Inves

Investments - Cost Method Investments (Details) - USD ($) $ in Millions	Dec. 27, 2015	Dec. 28, 2014
Investments, Debt and Equity Securities [Abstract]
Cost method investments	$ 12.2	$ 11.9

Debt Obligations - Debt & Capit

Debt Obligations - Debt & Capital Leases (Details) - USD ($) $ in Thousands	Mar. 27, 2016	Dec. 27, 2015
Debt Instrument [Line Items]
Long-term capital lease obligations	$ 6,762	$ 6,756
Long-term Debt and Capital Lease Obligations, Including Current Maturities	432,486	431,228
Current portion of long-term debt and capital lease obligations	188,579	188,377
Total long-term debt and capital lease obligations	243,907	242,851
Notes Due 2016
Debt Instrument [Line Items]
Long-term Debt, Gross	189,170	189,170
Unamortized Debt Issuance Expense	$ 591	793
Interest rate on debt	6.625%
Long-term debt	$ 188,579	188,377
Option To Repurchase Headquarters Building 2019
Debt Instrument [Line Items]
Long-term Debt, Gross	250,000	250,000
Unamortized Debt Issuance Expense	12,855	13,905
Long-term Debt, Excluding Current Maturities	$ 237,145	$ 236,095
Interest rate on debt	13.00%

Debt Obligations - Interest Exp

Debt Obligations - Interest Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Debt Disclosure [Abstract]
Interest expense	$ 9,922	$ 12,169
Amortization of debt costs and discount on debt	1,253	1,215
Capitalized interest	(116)	(51)
Interest income	(2,233)	(1,141)
Total interest expense, net	$ 8,826	$ 12,192

Other (Details)

Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Dec. 27, 2015
Other Expense [Line Items]
Severance costs	$ 3,600	$ 1,500
Severance liability	10,400		$ 14,900
Advertising expense	21,100	21,400
Depreciation expense	15,472	14,844
Capitalized Computer Software Costs
Other Expense [Line Items]
Depreciation expense	$ 3,000	$ 2,900

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 27, 2016	Dec. 27, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 316,000	$ 316,000
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	29,004	35,578
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	29,004	35,578
Option To Repurchase Headquarters Building 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of long-term debt	$ 237,145	$ 236,095

Pension Benefits - Net Periodic

Pension Benefits - Net Periodic Pension Cost (Details) $ in Thousands	3 Months Ended
	Mar. 27, 2016USD ($)plan	Mar. 29, 2015USD ($)
Pension Benefits
Number of joint Company and Guild-sponsored defined benefit plans | plan	2
Pension settlement charges	$ 0	$ 40,329
Lump-sum payments for pension settlement		98,300
Multiemployer pension plan withdrawal expense	0	4,697
Qualified Plans
Pension Benefits
Service cost	2,247	2,988
Interest cost	16,574	18,938
Expected return on plan assets	(27,790)	(28,775)
Amortization of actuarial loss	7,069	9,397
Amortization of prior service credit	(486)	(486)
Effect of settlement	0	40,329
Net periodic (income)/cost	(2,386)	42,391
Non-Qualified Plans
Pension Benefits
Service cost	0	0
Interest cost	2,034	2,502
Expected return on plan assets	0	0
Amortization of actuarial loss	1,053	1,270
Amortization of prior service credit	0	0
Effect of settlement	0	0
Net periodic (income)/cost	3,087	3,772
Pension Plans, Defined Benefit
Pension Benefits
Service cost	2,247	2,988
Interest cost	18,608	21,440
Expected return on plan assets	(27,790)	(28,775)
Amortization of actuarial loss	8,122	10,667
Amortization of prior service credit	(486)	(486)
Effect of settlement	0	40,329
Net periodic (income)/cost	701	46,163
Pension Contributions	2,100	2,100
Expected contributions in 2016	$ 7,600
Pension settlement charges		40,300
Pension obligation reduction		$ (142,800)

Other Postretirement Benefits (

Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Pension Benefits
Service cost	$ 104	$ 147
Interest cost	495	688
Amortization of actuarial loss	1,026	1,303
Amortization of prior service credit	(2,110)	(2,475)
Net periodic (income)/cost	$ (485)	$ (337)

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Income Tax Disclosure [Abstract]
Income tax benefit	$ (9,201)	$ (9,407)
Loss from continuing operations	$ (22,787)	$ (23,828)

Earnings_(Loss) Per Share (Deta

Earnings/(Loss) Per Share (Details) - shares shares in Millions	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	6	8

Supplemental Stockholders' Eq45

Supplemental Stockholders' Equity Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 14, 2015	Mar. 27, 2016	Mar. 29, 2015	Jan. 13, 2015	Jan. 31, 2009
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period		$ 828,455	$ 728,349
Net loss		(13,586)	(14,421)
Other comprehensive income, net of tax		5,091	24,491
Effect of issuance of shares		(8,675)	99,828
Share repurchases		(15,056)	(3,800)
Dividends declared		(6,443)	(6,693)
Stock-based compensation		3,294	1,938
Balance, end of period		793,080	829,692
Proceeds from warrant exercises	$ 101,100
Class A Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share repurchases		$ (84,900)
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		6,690,905
Stock repurchase program, remaining authorized repurchase amount		$ 16,200
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		826,751	726,328
Net loss		(8,271)	(14,262)
Other comprehensive income, net of tax		5,091	24,491
Effect of issuance of shares		(8,675)	99,828
Share repurchases		(15,056)	(3,800)
Dividends declared		(6,443)	(6,693)
Stock-based compensation		3,294	1,938
Balance, end of period		796,691	827,830
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period		1,704	2,021
Net loss		(5,315)	(159)
Other comprehensive income, net of tax		0	0
Effect of issuance of shares		0	0
Share repurchases		0	0
Dividends declared		0	0
Stock-based compensation		0	0
Balance, end of period		$ (3,611)	$ 1,862

Supplemental Stockholders' Eq46

Supplemental Stockholders' Equity Information Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 27, 2015	$ (509,094)
Income tax expense(1)	3,103	$ 16,320
Other comprehensive income, net of tax	5,091	24,491
Balance as of March 27, 2016	(504,003)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 27, 2015	17
Other comprehensive income before reclassifications, before tax(1)	1,642
Amounts reclassified from accumulated other comprehensive loss, before tax(1)	0
Income tax expense(1)	495
Other comprehensive income, net of tax	1,147
Balance as of March 27, 2016	1,164
Funded Status of Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 27, 2015	(509,111)
Other comprehensive income before reclassifications, before tax(1)	0
Amounts reclassified from accumulated other comprehensive loss, before tax(1)	6,552
Income tax expense(1)	2,608
Other comprehensive income, net of tax	3,944
Balance as of March 27, 2016	(505,167)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 27, 2015	(509,094)
Other comprehensive income before reclassifications, before tax(1)	1,642
Amounts reclassified from accumulated other comprehensive loss, before tax(1)	6,552
Income tax expense(1)	3,103
Other comprehensive income, net of tax	5,091	$ 24,491
Balance as of March 27, 2016	$ (504,003)

Supplemental Stockholders' Eq47

Supplemental Stockholders' Equity Information Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	$ 3,103	$ 16,320
Accumulated Defined Benefit Plans Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	2,608
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	6,552
Income tax expense	2,608
Total reclassification, net of tax	3,944
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	(2,596)
Amortization of actuarial loss	$ 9,148

Segment Information (Details)

Segment Information (Details)	3 Months Ended
	Mar. 27, 2016Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Contingent Liabilities - Restri

Contingent Liabilities - Restricted Cash (Details) - USD ($) $ in Millions	Mar. 27, 2016	Dec. 27, 2015
Commitments and Contingencies Disclosure [Abstract]
Restricted cash	$ 29.2	$ 28.7

Contingent Liabilities - Other

Contingent Liabilities - Other (Details) - Threatened Litigation - USD ($) $ in Millions	1 Months Ended		3 Months Ended
	Dec. 31, 2014	Sep. 30, 2013	Mar. 27, 2016
Loss Contingencies [Line Items]
Demand for payment	$ 34	$ 26
Decline in contributions, percent (more than)		70.00%
Payments made in accordance with ERISA			$ 13.4
Payments made in current period			$ 1.8

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event $ in Millions	Apr. 26, 2016USD ($)Employee
Subsequent Event [Line Items]
Approximate number of positions eliminated | Employee	70
Expected cost related to proposed measures	$ 15
Employee Relocation and Severance
Subsequent Event [Line Items]
Expected cost related to proposed measures	13
Lease Impairment and Other Contract-related Charges
Subsequent Event [Line Items]
Expected cost related to proposed measures	$ 2