The New York Times Company (NYT) 10-Q 2 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 25, 2022	Oct. 28, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 25, 2022
Document Transition Report	false
Entity File Number	1-5837
Entity Registrant Name	THE NEW YORK TIMES COMPANY
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	13-1102020
Entity Address, Address Line One	620 Eighth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10018
City Area Code	212
Local Phone Number	556-1234
Title of 12(b) Security	Class A Common Stock
Trading Symbol	NYT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000071691
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		164,637,412
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		780,724

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Current assets
Cash and cash equivalents	$ 190,050	$ 319,973
Short-term marketable securities	102,620	341,075
Accounts receivable (net of allowances of $11,991 in 2022 and $12,374 in 2021)	163,553	232,908
Prepaid expenses	58,733	33,199
Other current assets	28,252	25,553
Total current assets	543,208	952,708
Other assets
Long-term marketable securities	175,945	413,380
Property, plant and equipment (less accumulated depreciation and amortization of $813,330 in 2022 and $777,637 in 2021)	561,068	574,952
Goodwill	406,373	166,360
Intangible assets, net	328,735	14,246
Deferred income taxes	111,678	95,800
Miscellaneous assets	388,385	346,662
Total assets	2,515,392	2,564,108
Current liabilities
Accounts payable	119,531	127,073
Accrued payroll and other related liabilities	145,197	166,464
Unexpired subscriptions revenue	152,409	119,296
Accrued expenses and other	138,621	146,319
Total current liabilities	555,758	559,152
Other liabilities
Pension benefits obligation	270,307	295,104
Postretirement benefits obligation	33,949	36,086
Other	113,020	133,041
Total other liabilities	417,276	464,231
Common stock of $.10 par value:
Additional paid-in capital	245,549	230,115
Retained earnings	1,918,152	1,845,343
Common stock held in treasury, at cost	(251,014)	(171,211)
Accumulated other comprehensive loss, net of income taxes:
Foreign currency translation adjustments	(5,947)	3,754
Funded status of benefit plans	(374,434)	(385,680)
Net unrealized loss on available-for-sale securities	(9,660)	(1,276)
Total accumulated other comprehensive loss, net of income taxes	(390,041)	(383,202)
Total New York Times Company stockholders’ equity	1,540,353	1,538,720
Noncontrolling interest	2,005	2,005
Total stockholders’ equity	1,542,358	1,540,725
Total liabilities and stockholders’ equity	2,515,392	2,564,108
Class A Common Stock
Common stock of $.10 par value:
Common stock value	$ 17,629	$ 17,597
Accumulated other comprehensive loss, net of income taxes:
Authorized shares (in shares)	300,000,000	300,000,000
Issued shares (in shares)	176,286,593	175,971,801
Class B Common Stock
Common stock of $.10 par value:
Common stock value	$ 78	$ 78
Accumulated other comprehensive loss, net of income taxes:
Authorized shares (in shares)	780,724	781,724
Issued shares (in shares)	780,724	781,724

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Accounts receivable, allowance for credit loss	$ 11,991	$ 12,374
Accumulated depreciation and amortization	$ 813,330	$ 777,637
Common stock, par value (in usd per share)	$ 0.10	$ 0.10
Class A Common Stock
Authorized shares (in shares)	300,000,000	300,000,000
Issued shares (in shares)	176,286,593	175,971,801
Treasury shares (in shares)	11,195,509	8,870,801
Class B Common Stock
Authorized shares (in shares)	780,724	781,724
Issued shares (in shares)	780,724	781,724

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Revenues
Total revenues	$ 547,680	$ 509,103	$ 1,640,785	$ 1,480,645
Operating costs
Cost of revenue (excluding depreciation and amortization)	294,856	256,978	876,804	759,333
Sales and marketing	64,732	83,767	205,089	197,475
Product development	50,474	40,638	148,729	119,280
General and administrative	71,970	64,418	212,468	183,278
Depreciation and amortization	21,760	14,326	61,150	43,529
Total operating costs	503,792	460,127	1,504,240	1,302,895
Acquisition-related costs	0	0	34,712	0
Gain from pension liability adjustment	(7,127)	0	(7,127)	0
Lease termination charge	0	0	0	3,831
Operating profit	51,015	48,976	108,960	173,919
Other components of net periodic benefit costs	1,757	2,599	4,903	7,796
Interest income and other, net	1,579	28,569	38,258	31,953
Income from continuing operations before income taxes	50,837	74,946	142,315	198,076
Income tax expense	14,220	20,290	39,196	47,994
Net income	36,617	54,656	103,119	150,082
Net income attributable to The New York Times Company common stockholders	$ 36,617	$ 54,656	$ 103,119	$ 150,082
Average number of common shares outstanding:
Basic (in shares)	166,433	168,027	167,290	167,895
Diluted (in shares)	166,497	168,546	167,418	168,492
Basic earnings per share attributable to The New York Times Company common stockholders
Basic earnings per share attributable to The New York Times Company common stockholders (in usd per share)	$ 0.22	$ 0.33	$ 0.62	$ 0.89
Diluted earnings per share attributable to The New York Times Company common stockholders
Diluted earnings per share attributable to The New York Times Company common stockholders (in usd per share)	0.22	0.32	0.62	0.89
Dividends declared per share (in usd per share)	$ 0.09	$ 0.07	$ 0.18	$ 0.14
Subscription
Revenues
Total revenues	$ 382,672	$ 342,609	$ 1,138,270	$ 1,010,910
Advertising
Revenues
Total revenues	110,467	110,887	344,116	320,777
Other
Revenues
Total revenues	$ 54,541	$ 55,607	$ 158,399	$ 148,958

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 36,617	$ 54,656	$ 103,119	$ 150,082
Other comprehensive (loss)/income, before tax:
Loss on foreign currency translation adjustments	(7,603)	(1,654)	(13,219)	(3,421)
Pension and postretirement benefits obligation	5,247	6,405	15,371	19,220
Net unrealized loss on available-for-sale securities	(1,631)	(770)	(11,458)	(2,616)
Other comprehensive (loss)/income, before tax	(3,987)	3,981	(9,306)	13,183
Income tax (benefit)/expense	(983)	1,067	(2,467)	3,532
Other comprehensive (loss)/income, net of tax	(3,004)	2,914	(6,839)	9,651
Comprehensive income attributable to The New York Times Company common stockholders	$ 33,613	$ 57,570	$ 96,280	$ 159,733

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total New York Times Company Stockholders’ Equity	Capital Stock - Class A and Class B Common	Additional Paid-in Capital	Retained Earnings	Common Stock Held in Treasury, at Cost	Accumulated Other Comprehensive Loss, Net of Income Taxes	Non- controlling Interest
Balance, beginning of period at Dec. 27, 2020	$ 1,328,111	$ 1,325,517	$ 17,609	$ 216,714	$ 1,672,586	$ (171,211)	$ (410,181)	$ 2,594
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	150,082	150,082			150,082
Dividends	(23,645)	(23,645)			(23,645)
Other comprehensive income (loss)	9,651	9,651					9,651
Issuance of shares:
Stock options - Class A shares	2,451	2,451	33	2,418
Restricted stock units vested - Class A shares	(4,983)	(4,983)	19	(5,002)
Performance-based awards - Class A shares	(5,933)	(5,933)	14	(5,947)
Stock-based compensation	14,387	14,387		14,387
Distributions	(589)							(589)
Balance, end of period at Sep. 26, 2021	1,469,532	1,467,527	17,675	222,570	1,799,023	(171,211)	(400,530)	2,005
Balance, beginning of period at Jun. 27, 2021	1,418,787	1,416,782	17,674	217,565	1,756,198	(171,211)	(403,444)	2,005
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	54,656	54,656			54,656
Dividends	(11,831)	(11,831)			(11,831)
Other comprehensive income (loss)	2,914	2,914					2,914
Issuance of shares:
Stock options - Class A shares	4	4		4
Restricted stock units vested - Class A shares	(47)	(47)	1	(48)
Stock-based compensation	5,049	5,049		5,049
Balance, end of period at Sep. 26, 2021	1,469,532	1,467,527	17,675	222,570	1,799,023	(171,211)	(400,530)	2,005
Balance, beginning of period at Dec. 26, 2021	1,540,725	1,538,720	17,675	230,115	1,845,343	(171,211)	(383,202)	2,005
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	103,119	103,119			103,119
Dividends	(30,310)	(30,310)			(30,310)
Other comprehensive income (loss)	(6,839)	(6,839)					(6,839)
Issuance of shares:
Stock options - Class A shares	3	3		3
Restricted stock units vested - Class A shares	(4,279)	(4,279)	16	(4,295)
Performance-based awards - Class A shares	(5,557)	(5,557)	16	(5,573)
Share repurchases - Class A shares	(79,803)	(79,803)				(79,803)
Stock-based compensation	25,299	25,299		25,299
Balance, end of period at Sep. 25, 2022	1,542,358	1,540,353	17,707	245,549	1,918,152	(251,014)	(390,041)	2,005
Balance, beginning of period at Jun. 26, 2022	1,540,134	1,538,129	17,705	236,495	1,896,646	(225,680)	(387,037)	2,005
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36,617	36,617			36,617
Dividends	(15,111)	(15,111)			(15,111)
Other comprehensive income (loss)	(3,004)	(3,004)					(3,004)
Issuance of shares:
Restricted stock units vested - Class A shares	(207)	(207)	2	(209)
Share repurchases - Class A shares	(25,334)	(25,334)				(25,334)
Stock-based compensation	9,263	9,263		9,263
Balance, end of period at Sep. 25, 2022	$ 1,542,358	$ 1,540,353	$ 17,707	$ 245,549	$ 1,918,152	$ (251,014)	$ (390,041)	$ 2,005

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Statement of Stockholders' Equity [Abstract]
Stock options (in shares)		700	400	324,060
Restricted stock unit vested (in shares)	11,655	1,379	149,874	189,366
Performance-based awards (in shares)			163,518	142,253
Share repurchases (in shares)	850,378		2,324,708

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021
Cash flows from operating activities
Net income	$ 103,119	$ 150,082
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	61,150	43,529
Lease termination charge	0	3,831
Amortization of right of use asset	7,465	7,069
Stock-based compensation expense	25,299	14,387
Gain from pension liability adjustment	(7,127)	0
Gain on the sale of land	(34,227)	0
Gain on non-marketable equity investment	0	(27,156)
Change in long-term retirement benefit obligations	(19,100)	(13,440)
Fair market value adjustment on life insurance products	1,494	312
Other – net	(1,221)	(568)
Changes in operating assets and liabilities, net of business acquisitions:
Accounts receivable – net	74,869	19,072
Other assets	(25,575)	(13,192)
Accounts payable, accrued payroll and other liabilities	(106,174)	15,311
Unexpired subscriptions	5,052	10,320
Net cash provided by operating activities	85,024	209,557
Cash flows from investing activities
Purchases of marketable securities	(6,650)	(550,649)
Maturities of marketable securities	469,863	421,679
Business acquisitions, net of cash acquired	(515,299)	0
Sales of investments – net	(1,886)	20,569
Capital expenditures	(27,809)	(23,750)
Other – net	2,482	2,466
Net cash used in investing activities	(79,299)	(129,685)
Long-term obligations:
Dividends paid	(41,878)	(33,627)
Payment of contingent consideration	(1,724)	(862)
Capital shares:
Proceeds from stock option exercises	3	2,451
Repurchases	(79,803)	0
Share-based compensation tax withholding	(9,837)	(10,916)
Net cash used in financing activities	(133,239)	(42,954)
Net (decrease)/increase in cash, cash equivalents and restricted cash	(127,514)	36,918
Effect of exchange rate changes on cash	(3,074)	(560)
Cash, cash equivalents and restricted cash at the beginning of the period	334,306	301,964
Cash, cash equivalents and restricted cash at the end of the period	$ 203,718	$ 338,322

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 25, 2022
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 September 25, 2022, and December 26, 2021, and the results of operations, changes in stockholders’ equity and cash flows of the Company for the periods ended September 25, 2022, and September 26, 2021. 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 United States 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 26, 2021. 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 and 39 weeks for the third quarter and first nine months, respectively. In December 2021, the Board of Directors approved a resolution to change the Company’s fiscal year from a 52/53 week fiscal year ending the last Sunday of December to a calendar year. Accordingly, the Company’s 2022 fiscal year, which commenced December 27, 2021, will be extended from December 25, 2022, to December 31, 2022, and subsequent fiscal years will begin on January 1 and end on December 31 of each year. On February 1, 2022, we acquired The Athletic Media Company (“The Athletic”), a global digital subscription-based sports media business. The results of The Athletic have been included in our Condensed Consolidated Financial Statements beginning February 1, 2022. The Athletic is a separate reportable segment of the Company. As a result, beginning in the first quarter of 2022, the Company has two reportable segments: The New York Times Group and The Athletic. Management, including the Company’s President and Chief Executive Officer (who is the Company’s Chief Operating Decision Maker), uses adjusted operating profit (loss) by segment (as defined below) in assessing performance and allocating resources. The Company includes in its presentation revenues and adjusted operating costs (as defined below) to arrive at adjusted operating profit (loss) by segment. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 25, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Except as described herein, as of September 25, 2022, our significant accounting policies, which are detailed in our Annual Report on Form 10-K for the year ended December 26, 2021, have not changed materially. Recently Adopted Accounting Pronouncements Accounting Standard Update(s) Topic Effective Period Summary 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. Requires entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 2014-09, Revenue from Contracts with Customers (Topic 606). The update will generally result in an entity recognizing contract assets and contract liabilities at amounts consistent with those recorded by the acquiree immediately before the acquisition date rather than at fair value. The Company adopted this guidance on December 27, 2021. As a result of The Athletic acquisition, the Company assumed unexpired subscriptions revenue of $28.1 million. Recently Issued Accounting Pronouncements

Revenue

Revenue	9 Months Ended
	Sep. 25, 2022
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE We generate revenues principally from subscriptions and advertising. Subscription revenues consist of revenues from subscriptions to our digital and print products (which include our news product, as well as The Athletic and our Games, Cooking, Audm and Wirecutter products), and single-copy and bulk sales of our print products. Subscription revenues are based on both the number of copies of the printed newspaper sold and digital-only subscriptions, and the rates charged to the respective customers. Advertising revenue is generated principally from advertisers (such as technology, financial and luxury goods companies) promoting products, services or brands on digital platforms in the form of display ads, audio and video, and in print in the form of column-inch ads. Advertising revenue is generated primarily from offerings sold directly to marketers by our advertising sales teams. A smaller proportion of our total advertising revenues is generated through programmatic auctions run by third-party ad exchanges. Advertising revenue is primarily determined by the volume (e.g., impressions), rate and mix of advertisements. Digital advertising includes our core digital advertising business and other digital advertising. Our core digital advertising business includes direct-sold website, mobile application, podcast, email and video advertisements. Advertising revenue from The Athletic is primarily podcast revenue and therefore is reflected in this category. Direct-sold display advertising, a component of core digital advertising, includes offerings on websites and mobile applications sold directly to marketers by our advertising sales teams. Other digital advertising includes open-market programmatic advertising and creative services fees. Print advertising includes revenue from column-inch ads and classified advertising as well as preprinted advertising, also known as freestanding inserts. Other revenues primarily consist of revenues from licensing, Wirecutter affiliate referrals, commercial printing, the leasing of floors in the New York headquarters building located at 620 Eighth Avenue, New York, New York (the “Company Headquarters”), retail commerce, television and film, our live events business and our student subscription sponsorship program. Subscription, advertising and other revenues were as follows for the third quarters and first nine months ended September 25, 2022, and September 26, 2021: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 As % of total September 26, 2021 As % of total September 25, 2022 As % of total September 26, 2021 As % of total Subscription $ 382,672 69.9 % $ 342,609 67.4 % $ 1,138,270 69.3 % $ 1,010,910 68.3 % Advertising 110,467 20.1 % 110,887 21.7 % 344,116 21.0 % 320,777 21.6 % Other (1) 54,541 10.0 % 55,607 10.9 % 158,399 9.7 % 148,958 10.1 % Total $ 547,680 100.0 % $ 509,103 100.0 % $ 1,640,785 100.0 % $ 1,480,645 100.0 % (1) Other revenues include building rental revenue, which is not under the scope of Revenue from Contracts with Customers (Topic 606). Building rental revenue was approximately $7 million for the third quarters of 2022 and 2021, respectively, and approximately $22 million and $20 million for the first nine months of 2022 and 2021, respectively. The following table summarizes digital and print subscription revenues, which are components of subscription revenues above, for the third quarters and first nine months ended September 25, 2022, and September 26, 2021: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 As % of total September 26, 2021 As % of total September 25, 2022 As % of total September 26, 2021 As % of total Digital-only subscription revenues (1) $ 243,889 63.7 % $ 198,633 58.0 % $ 709,378 62.3 % $ 568,378 56.2 % Print subscription revenues: Domestic home delivery subscription revenues (2) 124,653 32.6 % 128,895 37.6 % 387,125 34.0 % 398,045 39.4 % Single-copy, NYT International and Other subscription revenues (3) 14,130 3.7 % 15,081 4.4 % 41,767 3.7 % 44,487 4.4 % Subtotal print subscription revenues 138,783 36.3 % 143,976 42.0 % 428,892 37.7 % 442,532 43.8 % Total subscription revenues $ 382,672 100.0 % $ 342,609 100.0 % $ 1,138,270 100.0 % $ 1,010,910 100.0 % (1) Includes revenue from digital-only bundled and standalone subscriptions to our news product, as well as The Athletic and our Games, Cooking, Audm and Wirecutter products. (2) Domestic home delivery subscriptions include access to our digital news product, as well as The Athletic and our Games, Cooking and Wirecutter products. (3) NYT International is the international edition of our print newspaper. The following table summarizes digital and print advertising revenues, which are components of advertising revenues above, for the third quarters and first nine months ended September 25, 2022, and September 26, 2021: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 As % of total September 26, 2021 As % of total September 25, 2022 As % of total September 26, 2021 As % of total Advertising revenues: Digital $ 70,282 63.6 % $ 66,981 60.4 % $ 206,588 60.0 % $ 197,472 61.6 % Print 40,185 36.4 % 43,906 39.6 % 137,528 40.0 % 123,305 38.4 % Total advertising $ 110,467 100.0 % $ 110,887 100.0 % $ 344,116 100.0 % $ 320,777 100.0 % Performance Obligations We have remaining performance obligations related to digital archive and other licensing and certain advertising contracts. As of September 25, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations for contracts with a duration greater than one year was approximately $99 million. The Company will recognize this revenue as performance obligations are satisfied. We expect that approximately $8 million, $25 million and $66 million will be recognized in the remainder of 2022, 2023 and thereafter through 2028, respectively. Contract Assets As of September 25, 2022, and December 26, 2021, the Company had $3.8 million and $3.4 million, respectively, in contract assets recorded in the Condensed Consolidated Balance Sheets related to digital archiving licensing revenue. The contract asset is reclassified to Accounts receivable when the customer is invoiced based on the contractual billing schedule.

Marketable Securities

Marketable Securities	9 Months Ended
	Sep. 25, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	MARKETABLE SECURITIES The Company accounts for its marketable securities as available for sale (“AFS”). The Company recorded $13.2 million and $1.7 million of net unrealized losses in Accumulated other comprehensive income (“AOCI”) as of September 25, 2022, and December 26, 2021, respectively. The following tables present the amortized cost, gross unrealized gains and losses, and fair market value of our AFS securities as of September 25, 2022, and December 26, 2021: September 25, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 41,116 $ 1 $ (693) $ 40,424 Corporate debt securities 38,269 — (980) 37,289 U.S. governmental agency securities 16,805 — (575) 16,230 Municipal securities 8,913 — (236) 8,677 Total short-term AFS securities $ 105,103 $ 1 $ (2,484) $ 102,620 Long-term AFS securities Corporate debt securities $ 133,812 $ — $ (7,819) $ 125,993 U.S. Treasury securities 40,858 — (2,315) 38,543 U.S. governmental agency securities 11,999 — (590) 11,409 Total long-term AFS securities $ 186,669 $ — $ (10,724) $ 175,945 December 26, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 148,899 $ 692 $ (43) $ 149,548 Corporate debt securities 107,158 245 (69) 107,334 Certificates of deposit 55,551 — — 55,551 Commercial paper 21,145 — — 21,145 U.S. governmental agency securities 3,500 — — 3,500 Municipal securities 3,999 — (2) 3,997 Total short-term AFS securities $ 340,252 $ 937 $ (114) $ 341,075 Long-term AFS securities Corporate debt securities $ 242,764 $ 149 $ (1,858) $ 241,055 U.S. Treasury securities 119,695 — (549) 119,146 U.S. governmental agency securities 39,498 — (252) 39,246 Municipal securities 13,994 — (61) 13,933 Total long-term AFS securities $ 415,951 $ 149 $ (2,720) $ 413,380 The following tables represent the AFS securities as of September 25, 2022, and December 26, 2021, that were in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position: September 25, 2022 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term AFS securities Corporate debt securities $ 30,120 $ (736) $ 7,169 $ (244) $ 37,289 $ (980) U.S. Treasury securities 23,655 (439) 12,241 (254) 35,896 (693) U.S. governmental agency securities 4,833 (167) 11,397 (408) 16,230 (575) Municipal securities 6,215 (175) 2,463 (61) 8,678 (236) Total short-term AFS securities $ 64,823 $ (1,517) $ 33,270 $ (967) $ 98,093 $ (2,484) Long-term AFS securities Corporate debt securities $ 72,968 $ (4,459) $ 53,025 $ (3,360) $ 125,993 $ (7,819) U.S. Treasury securities 22,181 (1,328) 16,362 (987) 38,543 (2,315) U.S. governmental agency securities 930 (69) 10,479 (521) 11,409 (590) Total long-term AFS securities $ 96,079 $ (5,856) $ 79,866 $ (4,868) $ 175,945 $ (10,724) December 26, 2021 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term AFS securities Corporate debt securities $ 53,148 $ (69) $ — $ — $ 53,148 $ (69) U.S. Treasury securities 61,018 (43) — — 61,018 (43) Municipal securities 1,998 (2) — — 1,998 (2) Total short-term AFS securities $ 116,164 $ (114) $ — $ — $ 116,164 $ (114) Long-term AFS securities Corporate debt securities $ 224,022 $ (1,858) $ — $ — $ 224,022 $ (1,858) U.S. Treasury securities 119,146 (549) — — 119,146 (549) U.S. governmental agency securities 39,246 (252) — — 39,246 (252) Municipal securities 13,933 (61) — — 13,933 (61) Total long-term AFS securities $ 396,347 $ (2,720) $ — $ — $ 396,347 $ (2,720) We assess AFS securities on a quarterly basis or more often if a potential loss-triggering event occurs. As of September 25, 2022 , and December 26, 2021, we did not intend to sell and it was not likely that we would be required to sell these investments before recovery of their amortized cost basis, which may be at maturity. Unrealized losses related to these investments are primarily due to interest rate fluctuations as opposed to changes in credit quality. Therefore, as of September 25, 2022 , and December 26, 2021, we have recognized no losses or allowance for credit losses related to AFS securities.

Business Combination

Business Combination	9 Months Ended
	Sep. 25, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combination	BUSINESS COMBINATION The Athletic Acquisition The Company accounts for business combinations using the acquisition method of accounting. The purchase price is allocated to the assets acquired and liabilities assumed using the fair values determined by management as of the acquisition date. The excess of the purchase price over the estimated fair value of the net assets acquired is recorded as goodwill. The results of businesses acquired in a business combination are included in the Company’s consolidated financial statements from the date of acquisition. On February 1, 2022, the Company acquired The Athletic in an all-cash transaction. The consideration paid of approximately $550 million was funded from cash on hand and included $523.5 million which we determined to be the purchase price for assets acquired and liabilities assumed, and $26.7 million paid in connection with the acceleration of The Athletic stock options. The stock options acceleration is included in Acquisition-related costs in our Condensed Consolidated Statements of Operations for the nine months ended September 25, 2022. The purchase price allocation has been prepared on a preliminary basis. As additional information becomes available, the Company may revise the allocation to certain assets and liabilities, including tax estimates. The Company will finalize the acquisition accounting within the required measurement period of one year. The following table summarizes the preliminary allocation of the purchase price (at fair value) to the assets acquired and liabilities assumed of The Athletic as of February 1, 2022 (the date of acquisition): (In thousands) Preliminary Purchase Price Allocation Estimated Useful Life (in years) Total current assets $ 18,495 Property, plant and equipment 281 3- 5 Right of use asset (1) 2,612 Trademark (2) 160,000 20 Existing subscriber base (2) 135,000 12 Developed technology (2) 35,000 5 Content archive (2) 2,000 2 Goodwill 249,792 Indefinite Total current liabilities (3) (41,107) Other liabilities — Other (3,491) Deferred tax liability, net (4) (35,116) Total purchase price $ 523,466 (1) Included in Miscellaneous assets in our Condensed Consolidated Balance Sheets. (2) Included in Intangible assets, net in our Condensed Consolidated Balance Sheets. (3) Includes Unexpired subscriptions revenue of $28.1 million. (4) Included in Deferred income taxes in our Condensed Consolidated Balance Sheets. Goodwill is primarily attributable to future subscribers expected to be acquired both organically and through synergies from adding The Athletic to the Company’s products as well as the acquired assembled workforce. Goodwill is not expected to be deductible for tax purposes. The fair value of trademarks is estimated using a relief from royalty valuation method, the fair value of subscriber relationships is estimated using a multi-period excess earnings valuation method, and the fair value of developed technology and content archive is estimated using a replacement cost method. The following unaudited pro forma summary presents consolidated information of the Company, including The Athletic, as if the business combination had occurred on December 28, 2020, the first day of fiscal nine months ended September 26, 2021, which is the earliest period presented herein: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Revenue $ 547,068 $ 526,581 $ 1,647,320 $ 1,528,513 Net income 37,793 40,800 127,615 71,855 The pro forma adjustments include (1) transaction costs and other one-time non-recurring costs that reduced expenses by $47.8 million for the nine months ended September 25, 2022 and increased expenses by $47.8 million for the nine months ended September 26, 2021, (2) recognition of additional amortization related to the intangible assets acquired, (3) alignment of accounting policies, and (4) recognition of the estimated income tax impact of the pro forma adjustments. The pro forma summary does not reflect cost savings or operating synergies expected to result from the acquisition. These pro forma results are illustrative only and not indicative of the actual results of operations that would have been achieved nor are they indicative of future results of operations. Goodwill and Intangibles The changes in the carrying amount of goodwill as of September 25, 2022, and since December 26, 2021, were as follows: (In thousands) The New York Times Group The Athletic Total Balance as of December 27, 2020 $ 171,657 $ — $ 171,657 Foreign currency translation (5,297) — (5,297) Balance as of December 26, 2021 166,360 — 166,360 Foreign currency translation (9,779) — (9,779) Acquisition of The Athletic — 249,792 249,792 Balance as of September 25, 2022 $ 156,581 $ 249,792 $ 406,373 The foreign currency translation line item reflects changes in goodwill resulting from fluctuating exchange rates related to the consolidation of certain international subsidiaries. As of September 25, 2022, the gross book value and accumulated amortization of acquired intangible assets from the acquisition of The Athletic were as follows: (In thousands) Gross book value Accumulated amortization Net book value Trademark $ 160,000 $ (5,333) $ 154,667 Existing subscriber base 135,000 (7,500) 127,500 Developed technology 35,000 (4,667) 30,333 Content archive 2,000 (667) 1,333 Total $ 332,000 $ (18,167) $ 313,833 Amortization expense for intangible assets from the acquisition of The Athletic included in Depreciation and amortization in our Condensed Consolidated Statements of Operations for the third quarter and first nine months of 2022 was $6.8 million and $18.2 million, respectively. The estimated aggregate amortization expense for the remainder of 2022 and each of the following fiscal years ending December 31 is presented below: (In thousands) Remainder of 2022 $ 6,813 2023 27,250 2024 26,333 2025 26,250 2026 26,250 Thereafter 200,937 Total amortization expense $ 313,833 The aggregate carrying amount of intangible assets of $328.7 million, which includes an indefinite-lived intangible of $9.0 million, is included in Intangible assets, net

Investments

Investments	9 Months Ended
	Sep. 25, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Non-Marketable Equity Securities Our non-marketable equity securities are investments in privately held companies/funds without readily determinable market values. Gains and losses on non-marketable securities revalued, sold or impaired are recognized in Interest income and other, net in our Condensed Consolidated Statements of Operations. As of September 25, 2022, and December 26, 2021, non-marketable equity securities included in Miscellaneous assets in our Condensed Consolidated Balance Sheets had a carrying value of $29.8 million and $27.9 million, respectively.

Other

Other	9 Months Ended
	Sep. 25, 2022
Other Income and Expenses [Abstract]
Other	OTHER Capitalized Computer Software Costs Amortization of capitalized computer software costs included in Depreciation and amortization in our Condensed Consolidated Statements of Operations was $2.0 million and $2.1 million for the third quarters of 2022 and 2021, respectively, and $5.9 million and $7.1 million for the first nine months of 2022 and 2021, respectively. Interest income and other, net Interest income and other, 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 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Interest income and other expense, net $ 1,817 $ 1,598 $ 4,574 $ 5,342 Gain on the sale of land (1) — — 34,227 — Gain on non-marketable equity investment (2) — 27,156 — 27,156 Interest expense (238) (185) (543) (545) Total interest income and other, net $ 1,579 $ 28,569 $ 38,258 $ 31,953 (1) On December 9, 2020, we entered into an agreement to lease and subsequently sell approximately four acres of land at our printing and distribution facility in College Point, N.Y., subject to certain conditions. The lease commenced on April 11, 2022. At the time of the lease expiration in February 2025, we will sell the parcel to the lessee for approximately $36 million. The transaction is accounted for as a sales-type lease and as a result, we recognized a gain of approximately $34 million (net of commissions) at the time of lease commencement. (2) Represents gains related to a non-marketable equity investment transaction. Restricted Cash A reconciliation of cash, cash equivalents and restricted cash as of September 25, 2022, and December 26, 2021, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) September 25, 2022 December 26, 2021 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 190,050 $ 319,973 Restricted cash included within miscellaneous assets 13,668 14,333 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 203,718 $ 334,306 Substantially all of the amount included in restricted cash is set aside to collateralize workers’ compensation obligations. Revolving Credit Facility In September 2019, the Company entered into a $250.0 million five-year unsecured revolving credit facility (the “2019 Credit Facility”). On July 27, 2022, the Company entered into an amendment and restatement of the 2019 Credit Facility that, among other changes, increased the committed amount to $350.0 million and extended the maturity date to July 27, 2027 (as amended and restated, the “Credit Facility”). Certain of the Company’s domestic subsidiaries have guaranteed the Company’s obligations under the Credit Facility. Borrowings under the Credit Facility bear interest at specified rates based on our utilization and consolidated leverage ratio. The Credit Facility contains various customary affirmative and negative covenants. In addition, the Company is obligated to pay a quarterly unused commitment fee at an annual rate of 0.20%. As of September 25, 2022, there was approximately $0.6 million in outstanding letters of credit and the remaining committed amount remains available. As of September 25, 2022, the Company was in compliance with the financial covenants contained in the Credit Facility. Severance Costs We recognized $2.0 million in severance costs in the third quarter of 2022 and $4.7 million in severance costs in the first nine months of 2022. We recognized $0.5 million severance costs in the third quarter of 2021 and $0.9 million in severance costs in the first nine months of 2021. These costs are recorded in General and administrative costs in our Condensed Consolidated Statements of Operations. We had a severance liability of $5.2 million and $2.1 million included in Accrued expenses and other in our Condensed Consolidated Balance Sheets as of September 25, 2022, and December 26, 2021, respectively. Acquisition-Related Costs The Company incurred $34.7 million of acquisition-related costs for the nine months ended September 25, 2022. Acquisition-related costs primarily include expenses paid in connection with the acceleration of The Athletic stock options, and legal, accounting, financial advisory and integration planning expenses.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 25, 2022
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 assets and liabilities measured at fair value on a recurring basis as of September 25, 2022, and December 26, 2021: (In thousands) September 25, 2022 December 26, 2021 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Short-term AFS securities (1) U.S. Treasury securities $ 40,424 $ — $ 40,424 $ — $ 149,548 $ — $ 149,548 $ — Corporate debt securities 37,289 — 37,289 — 107,334 — 107,334 — Certificates of deposit — — — — 55,551 — 55,551 — U.S. governmental agency securities 16,230 — 16,230 — 3,500 — 3,500 — Municipal securities 8,677 — 8,677 — 3,997 — 3,997 — Commercial paper — — — — 21,145 — 21,145 — Total short-term AFS securities $ 102,620 $ — $ 102,620 $ — $ 341,075 $ — $ 341,075 $ — Long-term AFS securities (1) Corporate debt securities $ 125,993 $ — $ 125,993 $ — $ 241,055 $ — $ 241,055 $ — U.S. Treasury securities 38,543 — 38,543 — 119,146 — 119,146 — U.S. governmental agency securities 11,409 — 11,409 — 39,246 — 39,246 — Municipal securities — — — — 13,933 — 13,933 — Total long-term AFS securities $ 175,945 $ — $ 175,945 $ — $ 413,380 $ — $ 413,380 $ — Liabilities: Deferred compensation (2)(3) $ 13,609 $ 13,609 $ — $ — $ 21,101 $ 21,101 $ — $ — Contingent consideration $ 5,858 $ — $ — $ 5,858 $ 7,450 $ — $ — $ 7,450 (1) We classified these investments as Level 2 since the fair value is based on market observable inputs for investments with similar terms and maturities. (2) 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 previously enabled 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. Participation in the DEC was frozen effective December 31, 2015. (3) The Company invests the assets associated with the deferred compensation liability in life insurance products. Our investments in life insurance products are included in Miscellaneous assets in our Condensed Consolidated Balance Sheets, and were $47.0 million as of September 25, 2022, and $52.5 million as of December 26, 2021. The fair value of these assets is measured using the net asset value per share (or its equivalent) and has not been classified in the fair value hierarchy. Level 3 Liabilities The contingent consideration liability is related to the 2020 acquisition of substantially all the assets and certain liabilities of Serial Productions, LLC (the “Serial acquisition”) and represents contingent payments based on the achievement of certain operational targets, as defined in the acquisition agreement, over the five years following the acquisition. The Company estimated the fair value using a probability-weighted discounted cash flow model. The estimate of the fair value of contingent consideration requires subjective assumptions to be made regarding probabilities assigned to operational targets and the discount rate. As the fair value is based on significant unobservable inputs, this is a Level 3 liability. The following table presents changes in the contingent consideration balances for the quarters and nine months ended September 25, 2022, and September 26, 2021: Quarters Ended Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Balance at the beginning of the period $ 5,858 $ 7,450 $ 7,450 $ 8,431 Payments — — (1,724) (862) Fair value adjustments (1) — — 132 (119) Contingent consideration at the end of the period $ 5,858 $ 7,450 $ 5,858 $ 7,450 (1) Fair value adjustments are included in General and administrative costs in our Condensed Consolidated Statements of Operations. The remaining contingent consideration balances as of September 25, 2022, and December 26, 2021, of $5.9 million and $7.5 million, respectively, are included in Accrued expenses and other , for the current portion of the liability, and Other non-current liabilities , for the long-term portion of the liability, in our Condensed Consolidated Balance Sheets.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	9 Months Ended
	Sep. 25, 2022
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	PENSION AND OTHER POSTRETIREMENT BENEFITS Pension Single-Employer Plans We maintain The New York Times Companies Pension Plan, a frozen single-employer defined benefit pension plan. The Company also jointly sponsors a defined benefit plan with The NewsGuild of New York known as the Guild-Times Adjustable Pension Plan (the “APP”) that continues to accrue active benefits. We also have a foreign-based pension plan for certain employees (the “foreign plan”). The information for the foreign plan is combined with the information for U.S. non-qualified plans. The benefit obligation of the foreign plan is immaterial to our total benefit obligation. The components of net periodic pension cost were as follows: For the Quarters Ended September 25, 2022 September 26, 2021 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 2,882 $ — $ 2,882 $ 2,276 $ — $ 2,276 Interest cost 8,837 1,284 10,121 7,630 1,087 8,717 Expected return on plan assets (13,807) — (13,807) (12,678) — (12,678) Amortization of actuarial loss 3,266 1,643 4,909 5,056 1,821 6,877 Amortization of prior service credit (486) — (486) (486) — (486) Net periodic pension cost $ 692 $ 2,927 $ 3,619 $ 1,798 $ 2,908 $ 4,706 For the Nine Months Ended September 25, 2022 September 26, 2021 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 8,645 $ — $ 8,645 $ 6,828 $ — $ 6,828 Interest cost 26,512 3,853 30,365 22,888 3,263 26,151 Expected return on plan assets (41,422) — (41,422) (38,033) — (38,033) Amortization of actuarial loss 9,799 4,929 14,728 15,169 5,463 20,632 Amortization of prior service credit (1,459) — (1,459) (1,458) — (1,458) Net periodic pension cost $ 2,075 $ 8,782 $ 10,857 $ 5,394 $ 8,726 $ 14,120 During the first nine months of 2022 and 2021, we made pension contributions of $7.5 million and $6.5 million, respectively, to the APP. We expect to make contractual contributions in 2022 of approximately $10 million, which more than satisfy minimum funding requirements. Multiemployer Plans During the third quarter of 2022 we recorded a gain of $7.1 million from a multiemployer pension liability adjustment, which is included in Gain from pension liability adjustment in our Condensed Consolidated Statements of Operations. Other Postretirement Benefits The components of net periodic postretirement benefit cost were as follows: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Service cost $ 11 $ 14 $ 34 $ 40 Interest cost 183 141 548 423 Amortization of actuarial loss 823 851 2,470 2,555 Amortization of prior service credit — (837) (368) (2,509) Net periodic postretirement benefit cost $ 1,017 $ 169 $ 2,684 $ 509

Income Taxes

Income Taxes	9 Months Ended
	Sep. 25, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company had income tax expense of $14.2 million and $39.2 million in the third quarter and first nine months of 2022, respectively. The Company had income tax expense of $20.3 million and $48.0 million in the third quarter and first nine months of 2021, respectively. The Company’s effective tax rates from continuing operations were 28.0% and 27.5% for the third quarter and first nine months of 2022, respectively. The Company’s effective tax rates from continuing operations were 27.1% and 24.2% for the third quarter and first nine months of 2021, respectively. The decrease in income tax expense in the third quarter of 2022 was primarily due to lower income from continuing operations in the third quarter of 2022. The decrease in income tax expense in the first nine months of 2022 was primarily due to lower income from continuing operations in the first nine months of 2022. The increase in the effective tax rate in the first nine months of 2022 was primarily due to a lower benefit in the first nine months of 2022 from stock price appreciation on stock-based awards that settled in the respective nine-month periods. Beginning in 2022, the Tax Cuts and Jobs Act of 2017 eliminates the option to deduct research and development expenditures immediately in the year incurred and instead requires taxpayers to capitalize and amortize such expenditures over five years. Although it is possible that Congress may defer, modify, or repeal this provision, potentially with retroactive effect, we have no assurance that Congress will take any action with respect to this provision. If the 2022 effective date remains in place, our initial assessment is that our cash from operations will be negatively impacted by approximately $50 million in 2022 and our net deferred tax assets will increase by a similar amount. The actual impact on fiscal 2022 cash from operations will depend on the amount of research and development costs we incur, on whether Congress modifies or repeals this provision, and on whether new guidance and interpretive rules are issued by the U.S. Treasury, among other factors. On August 16, 2022, the President signed the Inflation Reduction Act of 2022 (the “IRA”) into law. We do not expect the tax-related provisions of the IRA to have a material impact on our consolidated financial statements.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 25, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE We compute earnings per share based upon the lower of the two-class method or the treasury stock method. The two-class method is 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 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 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 a significant impact on diluted shares. The difference between basic and diluted shares was de minimis in the third quarter and first nine months of 2022, respectively, and resulted primarily from the dilutive effect of certain restricted stock units. The difference between basic and diluted shares was approximately 0.5 million and 0.6 million in the third quarter and first nine months of 2021, respectively. In 2021, dilution resulted primarily from the dilutive effect of certain performance awards, restricted stock units and stock options. 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. There were approximately 1.6 million and 1.1 million restricted stock units excluded from the computation of diluted earnings per share in the third quarter and first nine months of 2022, respectively, because they were anti-dilutive. There were no anti-dilutive restricted stock units excluded from the computation of diluted earnings per share in the third quarter and first

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	9 Months Ended
	Sep. 25, 2022
Equity [Abstract]
Supplemental Stockholders' Equity Information	SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION In February 2022, the Board of Directors approved a $150 million Class A Common Stock repurchase program. The authorization provides that Class A shares may be purchased from time to time as market conditions warrant, through open market purchases, privately negotiated transactions or other means, including Rule 10b5-1 trading plans. There is no expiration date with respect to this authorization. As of September 25, 2022, repurchases under this authorization totaled approximately $79.8 million (excluding commissions) and approximately $70.2 million remained. The following table summarizes the changes in AOCI by component as of September 25, 2022: (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Net Unrealized Loss on Available-For-Sale Securities Total Accumulated Other Comprehensive Loss Balance as of December 26, 2021 $ 3,754 $ (385,680) $ (1,276) $ (383,202) Other comprehensive loss before reclassifications, before tax (13,219) — (11,458) (24,677) Amounts reclassified from accumulated other comprehensive loss, before tax — 15,371 — 15,371 Income tax (benefit)/expense (3,518) 4,125 (3,074) (2,467) Net current-period other comprehensive (loss)/ income, net of tax (9,701) 11,246 (8,384) (6,839) Balance as of September 25, 2022 $ (5,947) $ (374,434) $ (9,660) $ (390,041) The following table summarizes the reclassifications from AOCI for the nine months ended September 25, 2022: (In thousands) Detail about accumulated other comprehensive loss components Amounts reclassified from accumulated other comprehensive loss Affects line item in the statement where net income is presented Funded status of benefit plans: Amortization of prior service credit (1) $ (1,827) Other components of net periodic benefit costs Amortization of actuarial loss (1) 17,198 Other components of net periodic benefit costs Total reclassification, before tax (2) 15,371 Income tax expense 4,125 Income tax expense Total reclassification, net of tax $ 11,246 (1) These AOCI components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 9 for more information. (2) There were no reclassifications relating to noncontrolling interest for the quarter ended September 25, 2022. Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Cost of revenue $ 2,028 $ 1,325 $ 5,647 $ 3,746 Sales and marketing 337 293 1,006 917 Product development 2,986 852 7,586 2,528 General and administrative 3,912 2,579 11,060 7,196 Total stock-based compensation expense $ 9,263 $ 5,049 $ 25,299 $ 14,387

Segment Information

Segment Information	9 Months Ended
	Sep. 25, 2022
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The Company identifies a business as an operating segment if: (i) it engages in business activities from which it may earn revenues and incur expenses; (ii) its operating results are regularly reviewed by the Company’s President and Chief Executive Officer (who is the Company’s Chief Operating Decision Maker) to make decisions about resources to be allocated to the segment and assess its performance; and (iii) it has available discrete financial information. On February 1, 2022, the Company acquired The Athletic (see Note 5). Beginning with the first quarter of 2022, the results of The Athletic have been included in the Company's Condensed Consolidated Financial Statements beginning February 1, 2022. The Athletic is a separate reportable segment of the Company. As a result, beginning in the first quarter of 2022, the Company has two reportable segments: The New York Times Group and The Athletic. These segments are evaluated regularly by the Company’s Chief Operating Decision Maker in assessing performance and allocating resources. Management uses adjusted operating profit (loss) by segment in assessing performance and allocating resources. The Company includes in its presentation revenues and adjusted operating costs to arrive at adjusted operating profit (loss) by segment. Adjusted operating costs are defined as operating costs before depreciation and amortization, severance and multiemployer pension plan withdrawal costs. Adjusted operating profit is defined as operating profit before depreciation and amortization, severance, multiemployer pension plan withdrawal costs and special items. Subscription revenue from our digital subscription package (or “bundle”) is allocated to The New York Times Group and The Athletic. We allocate revenue first to our digital news product based on its list price and then the remaining bundle revenue is allocated to the other products in the bundle, including The Athletic, based on their relative list price. The direct variable expenses associated with the bundle, which include credit card fees, third party fees and sales taxes, are allocated to The New York Times Group and The Athletic based on a historical actual percentage of these costs to bundle revenue. The following tables present segment information: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change Revenues The New York Times Group $ 523,570 $ 509,103 2.8 % $ 1,584,970 $ 1,480,645 7.0 % The Athletic 24,110 — * 55,815 — * Total revenues $ 547,680 $ 509,103 7.6 % $ 1,640,785 $ 1,480,645 10.8 % Adjusted operating costs The New York Times Group $ 445,020 $ 444,050 0.2 % $ 1,349,880 $ 1,254,582 7.6 % The Athletic 33,683 — * 84,806 — * Total adjusted operating costs $ 478,703 $ 444,050 7.8 % $ 1,434,686 $ 1,254,582 14.4 % Adjusted operating profit The New York Times Group $ 78,550 $ 65,053 20.7 % $ 235,090 $ 226,063 4.0 % The Athletic (9,573) — * (28,991) — * Total adjusted operating profit $ 68,977 $ 65,053 6.0 % $ 206,099 $ 226,063 (8.8) % Adjusted operating profit margin % - New York Times Group 15.0 % 12.8 % 220 bps 14.8 % 15.3 % (50) bps * Represents a change equal to or in excess of 100% or not meaningful. Revenues detail by segment For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change The New York Times Group Subscription $ 360,997 $ 342,609 5.4 % $ 1,089,218 $ 1,010,910 7.7 % Advertising 108,134 110,887 (2.5) % 337,455 320,777 5.2 % Other 54,439 55,607 (2.1) % 158,297 148,958 6.3 % Total $ 523,570 $ 509,103 2.8 % $ 1,584,970 $ 1,480,645 7.0 % The Athletic Subscription $ 21,675 $ — * $ 49,052 $ — * Advertising 2,333 — * 6,661 — * Other 102 — * 102 — * Total $ 24,110 $ — * $ 55,815 $ — * The New York Times Company Subscription $ 382,672 $ 342,609 11.7 % $ 1,138,270 $ 1,010,910 12.6 % Advertising 110,467 110,887 (0.4) % 344,116 320,777 7.3 % Other 54,541 55,607 (1.9) % 158,399 148,958 6.3 % Total $ 547,680 $ 509,103 7.6 % $ 1,640,785 $ 1,480,645 10.8 % * Represents a change equal to or in excess of 100% or not meaningful. Adjusted operating costs (operating costs before depreciation and amortization, severance and multiemployer pension plan withdrawal costs) detail by segment For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change The New York Times Group Cost of revenue (excluding depreciation and amortization) $ 274,945 $ 256,978 7.0 % $ 824,405 $ 759,333 8.6 % Sales and marketing 57,326 83,767 (31.6) % 189,970 197,475 (3.8) % Product development 46,273 40,638 13.9 % 138,225 119,280 15.9 % Adjusted general and administrative (1) 66,476 62,667 6.1 % 197,280 178,494 10.5 % Total $ 445,020 $ 444,050 0.2 % $ 1,349,880 $ 1,254,582 7.6 % The Athletic Cost of revenue (excluding depreciation and amortization) $ 19,911 $ — * $ 52,399 $ — * Sales and marketing 7,406 — * 15,119 — * Product development 4,201 — * 10,504 — * Adjusted general and administrative (2) 2,165 — * 6,784 — * Total $ 33,683 $ — * $ 84,806 $ — * The New York Times Company Cost of revenue (excluding depreciation and amortization) $ 294,856 $ 256,978 14.7 % $ 876,804 $ 759,333 15.5 % Sales and marketing 64,732 83,767 (22.7) % 205,089 197,475 3.9 % Product development 50,474 40,638 24.2 % 148,729 119,280 24.7 % Adjusted general and administrative 68,641 62,667 9.5 % 204,064 178,494 14.3 % Total $ 478,703 $ 444,050 7.8 % $ 1,434,686 $ 1,254,582 14.4 % (1) Excludes severance of $2.0 million and $4.5 million for the quarter and nine months ended September 25, 2022, respectively, and multiemployer pension withdrawal costs of $1.3 million and $3.7 million for the quarter and nine months ended September 25, 2022, respectively. Excludes severance of $0.5 million and $0.9 million for the quarter and nine months ended September 26, 2021, respectively, and multiemployer pension withdrawal costs of $1.3 million and $3.9 million for the quarter and nine months ended September 26, 2021, respectively. (2) Excludes $0.2 million of severance for the nine months ended September 25, 2022. * Represents a change equal to or in excess of 100% or not meaningful. Reconciliation of operating costs before depreciation and amortization, severance and multiemployer pension plan withdrawal costs (or adjusted operating costs) For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change Operating costs $ 503,792 $ 460,127 9.5 % $ 1,504,240 $ 1,302,895 15.5 % Less: Depreciation and amortization 21,760 14,326 51.9 % 61,150 43,529 40.5 % Severance 2,010 476 * 4,670 882 * Multiemployer pension plan withdrawal costs 1,319 1,275 3.5 % 3,734 3,902 (4.3) % Adjusted operating costs $ 478,703 $ 444,050 7.8 % $ 1,434,686 $ 1,254,582 14.4 % * Represents a change equal to or in excess of 100% or not meaningful. Reconciliation of operating profit before depreciation and amortization, severance, multiemployer pension plan withdrawal costs and special items (or adjusted operating profit) For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change Operating profit $ 51,015 $ 48,976 4.2 % $ 108,960 $ 173,919 (37.4) % Add: Depreciation and amortization 21,760 14,326 51.9 % 61,150 43,529 40.5 % Severance 2,010 476 * 4,670 882 * Multiemployer pension plan withdrawal costs 1,319 1,275 3.5 % 3,734 3,902 (4.3) % Special items: Acquisition-related costs — — — 34,712 — * Lease termination charge — — * — 3,831 * Gain from pension liability adjustment (7,127) — * (7,127) — * Adjusted operating profit $ 68,977 $ 65,053 6.0 % $ 206,099 $ 226,063 (8.8) % * Represents a change equal to or in excess of 100% or not meaningful.

Contingent Liabilities

Contingent Liabilities	9 Months Ended
	Sep. 25, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingent Liabilities	CONTINGENT LIABILITIES Legal Proceedings We are involved in various legal actions incidental to our business that are now pending against us. These actions generally have damage claims that are greatly in excess of the payments, if any, that we would be required to pay if we lost or settled the cases. 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.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 25, 2022
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting Standard Update(s) Topic Effective Period Summary 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. Requires entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 2014-09, Revenue from Contracts with Customers (Topic 606). The update will generally result in an entity recognizing contract assets and contract liabilities at amounts consistent with those recorded by the acquiree immediately before the acquisition date rather than at fair value. The Company adopted this guidance on December 27, 2021. As a result of The Athletic acquisition, the Company assumed unexpired subscriptions revenue of $28.1 million. Recently Issued Accounting Pronouncements

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 25, 2022
Accounting Policies [Abstract]
Schedule of Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting Standard Update(s) Topic Effective Period Summary 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers Fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022. Early adoption is permitted. Requires entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 2014-09, Revenue from Contracts with Customers (Topic 606). The update will generally result in an entity recognizing contract assets and contract liabilities at amounts consistent with those recorded by the acquiree immediately before the acquisition date rather than at fair value. The Company adopted this guidance on December 27, 2021. As a result of The Athletic acquisition, the Company assumed unexpired subscriptions revenue of $28.1 million.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 25, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Subscription, advertising and other revenues were as follows for the third quarters and first nine months ended September 25, 2022, and September 26, 2021: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 As % of total September 26, 2021 As % of total September 25, 2022 As % of total September 26, 2021 As % of total Subscription $ 382,672 69.9 % $ 342,609 67.4 % $ 1,138,270 69.3 % $ 1,010,910 68.3 % Advertising 110,467 20.1 % 110,887 21.7 % 344,116 21.0 % 320,777 21.6 % Other (1) 54,541 10.0 % 55,607 10.9 % 158,399 9.7 % 148,958 10.1 % Total $ 547,680 100.0 % $ 509,103 100.0 % $ 1,640,785 100.0 % $ 1,480,645 100.0 % (1) Other revenues include building rental revenue, which is not under the scope of Revenue from Contracts with Customers (Topic 606). Building rental revenue was approximately $7 million for the third quarters of 2022 and 2021, respectively, and approximately $22 million and $20 million for the first nine months of 2022 and 2021, respectively. The following table summarizes digital and print subscription revenues, which are components of subscription revenues above, for the third quarters and first nine months ended September 25, 2022, and September 26, 2021: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 As % of total September 26, 2021 As % of total September 25, 2022 As % of total September 26, 2021 As % of total Digital-only subscription revenues (1) $ 243,889 63.7 % $ 198,633 58.0 % $ 709,378 62.3 % $ 568,378 56.2 % Print subscription revenues: Domestic home delivery subscription revenues (2) 124,653 32.6 % 128,895 37.6 % 387,125 34.0 % 398,045 39.4 % Single-copy, NYT International and Other subscription revenues (3) 14,130 3.7 % 15,081 4.4 % 41,767 3.7 % 44,487 4.4 % Subtotal print subscription revenues 138,783 36.3 % 143,976 42.0 % 428,892 37.7 % 442,532 43.8 % Total subscription revenues $ 382,672 100.0 % $ 342,609 100.0 % $ 1,138,270 100.0 % $ 1,010,910 100.0 % (1) Includes revenue from digital-only bundled and standalone subscriptions to our news product, as well as The Athletic and our Games, Cooking, Audm and Wirecutter products. (2) Domestic home delivery subscriptions include access to our digital news product, as well as The Athletic and our Games, Cooking and Wirecutter products. (3) NYT International is the international edition of our print newspaper. The following table summarizes digital and print advertising revenues, which are components of advertising revenues above, for the third quarters and first nine months ended September 25, 2022, and September 26, 2021: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 As % of total September 26, 2021 As % of total September 25, 2022 As % of total September 26, 2021 As % of total Advertising revenues: Digital $ 70,282 63.6 % $ 66,981 60.4 % $ 206,588 60.0 % $ 197,472 61.6 % Print 40,185 36.4 % 43,906 39.6 % 137,528 40.0 % 123,305 38.4 % Total advertising $ 110,467 100.0 % $ 110,887 100.0 % $ 344,116 100.0 % $ 320,777 100.0 %

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Sep. 25, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Market Value of AFS Securities	The following tables present the amortized cost, gross unrealized gains and losses, and fair market value of our AFS securities as of September 25, 2022, and December 26, 2021: September 25, 2022 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 41,116 $ 1 $ (693) $ 40,424 Corporate debt securities 38,269 — (980) 37,289 U.S. governmental agency securities 16,805 — (575) 16,230 Municipal securities 8,913 — (236) 8,677 Total short-term AFS securities $ 105,103 $ 1 $ (2,484) $ 102,620 Long-term AFS securities Corporate debt securities $ 133,812 $ — $ (7,819) $ 125,993 U.S. Treasury securities 40,858 — (2,315) 38,543 U.S. governmental agency securities 11,999 — (590) 11,409 Total long-term AFS securities $ 186,669 $ — $ (10,724) $ 175,945 December 26, 2021 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 148,899 $ 692 $ (43) $ 149,548 Corporate debt securities 107,158 245 (69) 107,334 Certificates of deposit 55,551 — — 55,551 Commercial paper 21,145 — — 21,145 U.S. governmental agency securities 3,500 — — 3,500 Municipal securities 3,999 — (2) 3,997 Total short-term AFS securities $ 340,252 $ 937 $ (114) $ 341,075 Long-term AFS securities Corporate debt securities $ 242,764 $ 149 $ (1,858) $ 241,055 U.S. Treasury securities 119,695 — (549) 119,146 U.S. governmental agency securities 39,498 — (252) 39,246 Municipal securities 13,994 — (61) 13,933 Total long-term AFS securities $ 415,951 $ 149 $ (2,720) $ 413,380
Schedule of Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following tables represent the AFS securities as of September 25, 2022, and December 26, 2021, that were in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position: September 25, 2022 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term AFS securities Corporate debt securities $ 30,120 $ (736) $ 7,169 $ (244) $ 37,289 $ (980) U.S. Treasury securities 23,655 (439) 12,241 (254) 35,896 (693) U.S. governmental agency securities 4,833 (167) 11,397 (408) 16,230 (575) Municipal securities 6,215 (175) 2,463 (61) 8,678 (236) Total short-term AFS securities $ 64,823 $ (1,517) $ 33,270 $ (967) $ 98,093 $ (2,484) Long-term AFS securities Corporate debt securities $ 72,968 $ (4,459) $ 53,025 $ (3,360) $ 125,993 $ (7,819) U.S. Treasury securities 22,181 (1,328) 16,362 (987) 38,543 (2,315) U.S. governmental agency securities 930 (69) 10,479 (521) 11,409 (590) Total long-term AFS securities $ 96,079 $ (5,856) $ 79,866 $ (4,868) $ 175,945 $ (10,724) December 26, 2021 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term AFS securities Corporate debt securities $ 53,148 $ (69) $ — $ — $ 53,148 $ (69) U.S. Treasury securities 61,018 (43) — — 61,018 (43) Municipal securities 1,998 (2) — — 1,998 (2) Total short-term AFS securities $ 116,164 $ (114) $ — $ — $ 116,164 $ (114) Long-term AFS securities Corporate debt securities $ 224,022 $ (1,858) $ — $ — $ 224,022 $ (1,858) U.S. Treasury securities 119,146 (549) — — 119,146 (549) U.S. governmental agency securities 39,246 (252) — — 39,246 (252) Municipal securities 13,933 (61) — — 13,933 (61) Total long-term AFS securities $ 396,347 $ (2,720) $ — $ — $ 396,347 $ (2,720)

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 25, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the purchase price (at fair value) to the assets acquired and liabilities assumed of The Athletic as of February 1, 2022 (the date of acquisition): (In thousands) Preliminary Purchase Price Allocation Estimated Useful Life (in years) Total current assets $ 18,495 Property, plant and equipment 281 3- 5 Right of use asset (1) 2,612 Trademark (2) 160,000 20 Existing subscriber base (2) 135,000 12 Developed technology (2) 35,000 5 Content archive (2) 2,000 2 Goodwill 249,792 Indefinite Total current liabilities (3) (41,107) Other liabilities — Other (3,491) Deferred tax liability, net (4) (35,116) Total purchase price $ 523,466 (1) Included in Miscellaneous assets in our Condensed Consolidated Balance Sheets. (2) Included in Intangible assets, net in our Condensed Consolidated Balance Sheets. (3) Includes Unexpired subscriptions revenue of $28.1 million. (4) Included in Deferred income taxes in our Condensed Consolidated Balance Sheets.
Pro Forma Summary	The following unaudited pro forma summary presents consolidated information of the Company, including The Athletic, as if the business combination had occurred on December 28, 2020, the first day of fiscal nine months ended September 26, 2021, which is the earliest period presented herein: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Revenue $ 547,068 $ 526,581 $ 1,647,320 $ 1,528,513 Net income 37,793 40,800 127,615 71,855
Schedule of Goodwill Balances	The changes in the carrying amount of goodwill as of September 25, 2022, and since December 26, 2021, were as follows: (In thousands) The New York Times Group The Athletic Total Balance as of December 27, 2020 $ 171,657 $ — $ 171,657 Foreign currency translation (5,297) — (5,297) Balance as of December 26, 2021 166,360 — 166,360 Foreign currency translation (9,779) — (9,779) Acquisition of The Athletic — 249,792 249,792 Balance as of September 25, 2022 $ 156,581 $ 249,792 $ 406,373
Schedule of Finite-Lived Intangible Assets	As of September 25, 2022, the gross book value and accumulated amortization of acquired intangible assets from the acquisition of The Athletic were as follows: (In thousands) Gross book value Accumulated amortization Net book value Trademark $ 160,000 $ (5,333) $ 154,667 Existing subscriber base 135,000 (7,500) 127,500 Developed technology 35,000 (4,667) 30,333 Content archive 2,000 (667) 1,333 Total $ 332,000 $ (18,167) $ 313,833
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated aggregate amortization expense for the remainder of 2022 and each of the following fiscal years ending December 31 is presented below: (In thousands) Remainder of 2022 $ 6,813 2023 27,250 2024 26,333 2025 26,250 2026 26,250 Thereafter 200,937 Total amortization expense $ 313,833

Other (Tables)

Other (Tables)	9 Months Ended
	Sep. 25, 2022
Other Income and Expenses [Abstract]
Interest Income and Other, Net	Interest income and other, 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 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Interest income and other expense, net $ 1,817 $ 1,598 $ 4,574 $ 5,342 Gain on the sale of land (1) — — 34,227 — Gain on non-marketable equity investment (2) — 27,156 — 27,156 Interest expense (238) (185) (543) (545) Total interest income and other, net $ 1,579 $ 28,569 $ 38,258 $ 31,953 (1) On December 9, 2020, we entered into an agreement to lease and subsequently sell approximately four acres of land at our printing and distribution facility in College Point, N.Y., subject to certain conditions. The lease commenced on April 11, 2022. At the time of the lease expiration in February 2025, we will sell the parcel to the lessee for approximately $36 million. The transaction is accounted for as a sales-type lease and as a result, we recognized a gain of approximately $34 million (net of commissions) at the time of lease commencement. (2) Represents gains related to a non-marketable equity investment transaction.
Reconciliation of Cash, Cash Equivalents, and Restricted Cash	A reconciliation of cash, cash equivalents and restricted cash as of September 25, 2022, and December 26, 2021, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) September 25, 2022 December 26, 2021 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 190,050 $ 319,973 Restricted cash included within miscellaneous assets 13,668 14,333 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 203,718 $ 334,306
Restrictions on Cash and Cash Equivalents	A reconciliation of cash, cash equivalents and restricted cash as of September 25, 2022, and December 26, 2021, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) September 25, 2022 December 26, 2021 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 190,050 $ 319,973 Restricted cash included within miscellaneous assets 13,668 14,333 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 203,718 $ 334,306

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 25, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis	The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of September 25, 2022, and December 26, 2021: (In thousands) September 25, 2022 December 26, 2021 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Short-term AFS securities (1) U.S. Treasury securities $ 40,424 $ — $ 40,424 $ — $ 149,548 $ — $ 149,548 $ — Corporate debt securities 37,289 — 37,289 — 107,334 — 107,334 — Certificates of deposit — — — — 55,551 — 55,551 — U.S. governmental agency securities 16,230 — 16,230 — 3,500 — 3,500 — Municipal securities 8,677 — 8,677 — 3,997 — 3,997 — Commercial paper — — — — 21,145 — 21,145 — Total short-term AFS securities $ 102,620 $ — $ 102,620 $ — $ 341,075 $ — $ 341,075 $ — Long-term AFS securities (1) Corporate debt securities $ 125,993 $ — $ 125,993 $ — $ 241,055 $ — $ 241,055 $ — U.S. Treasury securities 38,543 — 38,543 — 119,146 — 119,146 — U.S. governmental agency securities 11,409 — 11,409 — 39,246 — 39,246 — Municipal securities — — — — 13,933 — 13,933 — Total long-term AFS securities $ 175,945 $ — $ 175,945 $ — $ 413,380 $ — $ 413,380 $ — Liabilities: Deferred compensation (2)(3) $ 13,609 $ 13,609 $ — $ — $ 21,101 $ 21,101 $ — $ — Contingent consideration $ 5,858 $ — $ — $ 5,858 $ 7,450 $ — $ — $ 7,450 (1) We classified these investments as Level 2 since the fair value is based on market observable inputs for investments with similar terms and maturities. (2) 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 previously enabled 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. Participation in the DEC was frozen effective December 31, 2015. (3) The Company invests the assets associated with the deferred compensation liability in life insurance products. Our investments in life insurance products are included in Miscellaneous assets in our Condensed Consolidated Balance Sheets, and were $47.0 million as of September 25, 2022, and $52.5 million as of December 26, 2021. The fair value of these assets is measured using the net asset value per share (or its equivalent) and has not been classified in the fair value hierarchy.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents changes in the contingent consideration balances for the quarters and nine months ended September 25, 2022, and September 26, 2021: Quarters Ended Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Balance at the beginning of the period $ 5,858 $ 7,450 $ 7,450 $ 8,431 Payments — — (1,724) (862) Fair value adjustments (1) — — 132 (119) Contingent consideration at the end of the period $ 5,858 $ 7,450 $ 5,858 $ 7,450 (1) Fair value adjustments are included in General and administrative costs in our Condensed Consolidated Statements of Operations.

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 25, 2022
Pension Plan
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 September 25, 2022 September 26, 2021 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 2,882 $ — $ 2,882 $ 2,276 $ — $ 2,276 Interest cost 8,837 1,284 10,121 7,630 1,087 8,717 Expected return on plan assets (13,807) — (13,807) (12,678) — (12,678) Amortization of actuarial loss 3,266 1,643 4,909 5,056 1,821 6,877 Amortization of prior service credit (486) — (486) (486) — (486) Net periodic pension cost $ 692 $ 2,927 $ 3,619 $ 1,798 $ 2,908 $ 4,706 For the Nine Months Ended September 25, 2022 September 26, 2021 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 8,645 $ — $ 8,645 $ 6,828 $ — $ 6,828 Interest cost 26,512 3,853 30,365 22,888 3,263 26,151 Expected return on plan assets (41,422) — (41,422) (38,033) — (38,033) Amortization of actuarial loss 9,799 4,929 14,728 15,169 5,463 20,632 Amortization of prior service credit (1,459) — (1,459) (1,458) — (1,458) Net periodic pension cost $ 2,075 $ 8,782 $ 10,857 $ 5,394 $ 8,726 $ 14,120
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 cost were as follows: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Service cost $ 11 $ 14 $ 34 $ 40 Interest cost 183 141 548 423 Amortization of actuarial loss 823 851 2,470 2,555 Amortization of prior service credit — (837) (368) (2,509) Net periodic postretirement benefit cost $ 1,017 $ 169 $ 2,684 $ 509

Supplemental Stockholders' Eq_2

Supplemental Stockholders' Equity Information (Tables)	9 Months Ended
	Sep. 25, 2022
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following table summarizes the changes in AOCI by component as of September 25, 2022: (In thousands) Foreign Currency Translation Adjustments Funded Status of Benefit Plans Net Unrealized Loss on Available-For-Sale Securities Total Accumulated Other Comprehensive Loss Balance as of December 26, 2021 $ 3,754 $ (385,680) $ (1,276) $ (383,202) Other comprehensive loss before reclassifications, before tax (13,219) — (11,458) (24,677) Amounts reclassified from accumulated other comprehensive loss, before tax — 15,371 — 15,371 Income tax (benefit)/expense (3,518) 4,125 (3,074) (2,467) Net current-period other comprehensive (loss)/ income, net of tax (9,701) 11,246 (8,384) (6,839) Balance as of September 25, 2022 $ (5,947) $ (374,434) $ (9,660) $ (390,041)
Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the reclassifications from AOCI for the nine months ended September 25, 2022: (In thousands) Detail about accumulated other comprehensive loss components Amounts reclassified from accumulated other comprehensive loss Affects line item in the statement where net income is presented Funded status of benefit plans: Amortization of prior service credit (1) $ (1,827) Other components of net periodic benefit costs Amortization of actuarial loss (1) 17,198 Other components of net periodic benefit costs Total reclassification, before tax (2) 15,371 Income tax expense 4,125 Income tax expense Total reclassification, net of tax $ 11,246 (1) These AOCI components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 9 for more information. (2) There were no reclassifications relating to noncontrolling interest for the quarter ended September 25, 2022.
Share-based Payment Arrangement, Expensed and Capitalized, Amount	Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 September 25, 2022 September 26, 2021 Cost of revenue $ 2,028 $ 1,325 $ 5,647 $ 3,746 Sales and marketing 337 293 1,006 917 Product development 2,986 852 7,586 2,528 General and administrative 3,912 2,579 11,060 7,196 Total stock-based compensation expense $ 9,263 $ 5,049 $ 25,299 $ 14,387

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 25, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present segment information: For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change Revenues The New York Times Group $ 523,570 $ 509,103 2.8 % $ 1,584,970 $ 1,480,645 7.0 % The Athletic 24,110 — * 55,815 — * Total revenues $ 547,680 $ 509,103 7.6 % $ 1,640,785 $ 1,480,645 10.8 % Adjusted operating costs The New York Times Group $ 445,020 $ 444,050 0.2 % $ 1,349,880 $ 1,254,582 7.6 % The Athletic 33,683 — * 84,806 — * Total adjusted operating costs $ 478,703 $ 444,050 7.8 % $ 1,434,686 $ 1,254,582 14.4 % Adjusted operating profit The New York Times Group $ 78,550 $ 65,053 20.7 % $ 235,090 $ 226,063 4.0 % The Athletic (9,573) — * (28,991) — * Total adjusted operating profit $ 68,977 $ 65,053 6.0 % $ 206,099 $ 226,063 (8.8) % Adjusted operating profit margin % - New York Times Group 15.0 % 12.8 % 220 bps 14.8 % 15.3 % (50) bps * Represents a change equal to or in excess of 100% or not meaningful. Revenues detail by segment For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change The New York Times Group Subscription $ 360,997 $ 342,609 5.4 % $ 1,089,218 $ 1,010,910 7.7 % Advertising 108,134 110,887 (2.5) % 337,455 320,777 5.2 % Other 54,439 55,607 (2.1) % 158,297 148,958 6.3 % Total $ 523,570 $ 509,103 2.8 % $ 1,584,970 $ 1,480,645 7.0 % The Athletic Subscription $ 21,675 $ — * $ 49,052 $ — * Advertising 2,333 — * 6,661 — * Other 102 — * 102 — * Total $ 24,110 $ — * $ 55,815 $ — * The New York Times Company Subscription $ 382,672 $ 342,609 11.7 % $ 1,138,270 $ 1,010,910 12.6 % Advertising 110,467 110,887 (0.4) % 344,116 320,777 7.3 % Other 54,541 55,607 (1.9) % 158,399 148,958 6.3 % Total $ 547,680 $ 509,103 7.6 % $ 1,640,785 $ 1,480,645 10.8 % * Represents a change equal to or in excess of 100% or not meaningful. Adjusted operating costs (operating costs before depreciation and amortization, severance and multiemployer pension plan withdrawal costs) detail by segment For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change The New York Times Group Cost of revenue (excluding depreciation and amortization) $ 274,945 $ 256,978 7.0 % $ 824,405 $ 759,333 8.6 % Sales and marketing 57,326 83,767 (31.6) % 189,970 197,475 (3.8) % Product development 46,273 40,638 13.9 % 138,225 119,280 15.9 % Adjusted general and administrative (1) 66,476 62,667 6.1 % 197,280 178,494 10.5 % Total $ 445,020 $ 444,050 0.2 % $ 1,349,880 $ 1,254,582 7.6 % The Athletic Cost of revenue (excluding depreciation and amortization) $ 19,911 $ — * $ 52,399 $ — * Sales and marketing 7,406 — * 15,119 — * Product development 4,201 — * 10,504 — * Adjusted general and administrative (2) 2,165 — * 6,784 — * Total $ 33,683 $ — * $ 84,806 $ — * The New York Times Company Cost of revenue (excluding depreciation and amortization) $ 294,856 $ 256,978 14.7 % $ 876,804 $ 759,333 15.5 % Sales and marketing 64,732 83,767 (22.7) % 205,089 197,475 3.9 % Product development 50,474 40,638 24.2 % 148,729 119,280 24.7 % Adjusted general and administrative 68,641 62,667 9.5 % 204,064 178,494 14.3 % Total $ 478,703 $ 444,050 7.8 % $ 1,434,686 $ 1,254,582 14.4 % (1) Excludes severance of $2.0 million and $4.5 million for the quarter and nine months ended September 25, 2022, respectively, and multiemployer pension withdrawal costs of $1.3 million and $3.7 million for the quarter and nine months ended September 25, 2022, respectively. Excludes severance of $0.5 million and $0.9 million for the quarter and nine months ended September 26, 2021, respectively, and multiemployer pension withdrawal costs of $1.3 million and $3.9 million for the quarter and nine months ended September 26, 2021, respectively. (2) Excludes $0.2 million of severance for the nine months ended September 25, 2022. * Represents a change equal to or in excess of 100% or not meaningful. Reconciliation of operating costs before depreciation and amortization, severance and multiemployer pension plan withdrawal costs (or adjusted operating costs) For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change Operating costs $ 503,792 $ 460,127 9.5 % $ 1,504,240 $ 1,302,895 15.5 % Less: Depreciation and amortization 21,760 14,326 51.9 % 61,150 43,529 40.5 % Severance 2,010 476 * 4,670 882 * Multiemployer pension plan withdrawal costs 1,319 1,275 3.5 % 3,734 3,902 (4.3) % Adjusted operating costs $ 478,703 $ 444,050 7.8 % $ 1,434,686 $ 1,254,582 14.4 % * Represents a change equal to or in excess of 100% or not meaningful. Reconciliation of operating profit before depreciation and amortization, severance, multiemployer pension plan withdrawal costs and special items (or adjusted operating profit) For the Quarters Ended For the Nine Months Ended (In thousands) September 25, 2022 September 26, 2021 % Change September 25, 2022 September 26, 2021 % Change Operating profit $ 51,015 $ 48,976 4.2 % $ 108,960 $ 173,919 (37.4) % Add: Depreciation and amortization 21,760 14,326 51.9 % 61,150 43,529 40.5 % Severance 2,010 476 * 4,670 882 * Multiemployer pension plan withdrawal costs 1,319 1,275 3.5 % 3,734 3,902 (4.3) % Special items: Acquisition-related costs — — — 34,712 — * Lease termination charge — — * — 3,831 * Gain from pension liability adjustment (7,127) — * (7,127) — * Adjusted operating profit $ 68,977 $ 65,053 6.0 % $ 206,099 $ 226,063 (8.8) % * Represents a change equal to or in excess of 100% or not meaningful.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Dec. 27, 2021	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total revenues		$ 547,680	$ 509,103	$ 1,640,785	$ 1,480,645
Subscription
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total revenues		$ 382,672	$ 342,609	$ 1,138,270	$ 1,010,910
Accounting Standards Update 2021-08 | Subscription
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total revenues	$ 28,100

Revenue - Subscription, Adverti

Revenue - Subscription, Advertising, and Other Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 547,680	$ 509,103	$ 1,640,785	$ 1,480,645
Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	100%	100%	100%	100%
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	$ 382,672	$ 342,609	$ 1,138,270	$ 1,010,910
Subscription | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	69.90%	67.40%	69.30%	68.30%
Advertising
Disaggregation of Revenue [Line Items]
Total revenues	$ 110,467	$ 110,887	$ 344,116	$ 320,777
Advertising | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	20.10%	21.70%	21%	21.60%
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 54,541	$ 55,607	$ 158,399	$ 148,958
Other | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	10%	10.90%	9.70%	10.10%
Real Estate
Disaggregation of Revenue [Line Items]
Revenue not from contract with customer	$ 7,000	$ 7,000	$ 22,000	$ 20,000

Revenue - Advertising Revenues

Revenue - Advertising Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Disaggregation of Revenue [Line Items]
Total advertising	$ 547,680	$ 509,103	$ 1,640,785	$ 1,480,645
Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	100%	100%	100%	100%
Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	100%	100%	100%	100%
Subscription
Disaggregation of Revenue [Line Items]
Total advertising	$ 382,672	$ 342,609	$ 1,138,270	$ 1,010,910
Advertising
Disaggregation of Revenue [Line Items]
Total advertising	$ 110,467	$ 110,887	$ 344,116	$ 320,777
Digital | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	63.70%	58%	62.30%	56.20%
Digital | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	63.60%	60.40%	60%	61.60%
Digital | Subscription
Disaggregation of Revenue [Line Items]
Total advertising	$ 243,889	$ 198,633	$ 709,378	$ 568,378
Digital | Advertising
Disaggregation of Revenue [Line Items]
Total advertising	$ 70,282	$ 66,981	$ 206,588	$ 197,472
Print | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	36.30%	42%	37.70%	43.80%
Print | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	36.40%	39.60%	40%	38.40%
Print | Subscription
Disaggregation of Revenue [Line Items]
Total advertising	$ 138,783	$ 143,976	$ 428,892	$ 442,532
Print | Advertising
Disaggregation of Revenue [Line Items]
Total advertising	40,185	43,906	137,528	123,305
Print | Domestic home delivery subscription revenues
Disaggregation of Revenue [Line Items]
Total advertising	$ 124,653	$ 128,895	$ 387,125	$ 398,045
Print | Domestic home delivery subscription revenues | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	32.60%	37.60%	34%	39.40%
Print | Single copy, NYT International and other subscription revenues
Disaggregation of Revenue [Line Items]
Total advertising	$ 14,130	$ 15,081	$ 41,767	$ 44,487
Print | Single copy, NYT International and other subscription revenues | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	3.70%	4.40%	3.70%	4.40%

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Sep. 25, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 99
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-09-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 8
Remaining performance obligation, period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 25
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 66
Remaining performance obligation, period	5 years

Revenue - Contract Assets (Deta

Revenue - Contract Assets (Details) - USD ($) $ in Millions	Sep. 25, 2022	Dec. 26, 2021
Revenue from Contract with Customer [Abstract]
Contract asset, current	$ 3.8	$ 3.4

Marketable Securities - Narrati

Marketable Securities - Narrative (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 25, 2022	Dec. 26, 2021
Line of Credit Facility [Line Items]
Net unrealized losses in other comprehensive income	$ 13,200,000	$ 1,700,000
OTTI loss recognized	$ 0	$ 0
Short-term Marketable Securities | Minimum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	1 month
Short-term Marketable Securities | Maximum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	12 months
Long-term Marketable Securities | Minimum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	13 months
Long-term Marketable Securities | Maximum
Line of Credit Facility [Line Items]
Marketable securities, remaining maturities (in months)	30 months

Marketable Securities - Availab

Marketable Securities - Available for Sale (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Short-term AFS securities
Amortized cost, short-term AFS securities	$ 105,103	$ 340,252
Gross unrealized gains, short-term AFS securities	1	937
Gross unrealized losses, short-term AFS securities	(2,484)	(114)
Fair value, short-term AFS securities	102,620	341,075
Long-term AFS securities
Amortized cost, long-term AFS securities	186,669	415,951
Gross unrealized gains, long-term AFS securities	0	149
Gross unrealized losses, long-term AFS securities	(10,724)	(2,720)
Fair value, long-term AFS securities	175,945	413,380
U.S. Treasury securities
Short-term AFS securities
Amortized cost, short-term AFS securities	41,116	148,899
Gross unrealized gains, short-term AFS securities	1	692
Gross unrealized losses, short-term AFS securities	(693)	(43)
Fair value, short-term AFS securities	40,424	149,548
Long-term AFS securities
Amortized cost, long-term AFS securities	40,858	119,695
Gross unrealized gains, long-term AFS securities	0	0
Gross unrealized losses, long-term AFS securities	(2,315)	(549)
Fair value, long-term AFS securities	38,543	119,146
Corporate debt securities
Short-term AFS securities
Amortized cost, short-term AFS securities	38,269	107,158
Gross unrealized gains, short-term AFS securities	0	245
Gross unrealized losses, short-term AFS securities	(980)	(69)
Fair value, short-term AFS securities	37,289	107,334
Long-term AFS securities
Amortized cost, long-term AFS securities	133,812	242,764
Gross unrealized gains, long-term AFS securities	0	149
Gross unrealized losses, long-term AFS securities	(7,819)	(1,858)
Fair value, long-term AFS securities	125,993	241,055
U.S. governmental agency securities
Short-term AFS securities
Amortized cost, short-term AFS securities	16,805	3,500
Gross unrealized gains, short-term AFS securities	0	0
Gross unrealized losses, short-term AFS securities	(575)
Fair value, short-term AFS securities	16,230	3,500
Long-term AFS securities
Amortized cost, long-term AFS securities	11,999	39,498
Gross unrealized gains, long-term AFS securities	0	0
Gross unrealized losses, long-term AFS securities	(590)	(252)
Fair value, long-term AFS securities	11,409	39,246
Municipal securities
Short-term AFS securities
Amortized cost, short-term AFS securities	8,913	3,999
Gross unrealized gains, short-term AFS securities	0	0
Gross unrealized losses, short-term AFS securities	(236)	(2)
Fair value, short-term AFS securities	$ 8,677	3,997
Long-term AFS securities
Amortized cost, long-term AFS securities		13,994
Gross unrealized gains, long-term AFS securities		0
Gross unrealized losses, long-term AFS securities		(61)
Fair value, long-term AFS securities		13,933
Certificates of deposit
Short-term AFS securities
Amortized cost, short-term AFS securities		55,551
Gross unrealized gains, short-term AFS securities		0
Gross unrealized losses, short-term AFS securities		0
Fair value, short-term AFS securities		55,551
Commercial paper
Short-term AFS securities
Amortized cost, short-term AFS securities		21,145
Gross unrealized gains, short-term AFS securities		0
Gross unrealized losses, short-term AFS securities		0
Fair value, short-term AFS securities		$ 21,145

Marketable Securities - Avail_2

Marketable Securities - Available-for-sale Securities - Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Total short-term AFS securities
Short-term AFS securities
Fair value, less than 12 months	$ 64,823	$ 116,164
Gross unrealized losses, less than 12 months	(1,517)	(114)
Fair value, greater than 12 months	33,270	0
Gross unrealized losses, greater than 12 months	(967)	0
Fair value, total	98,093	116,164
Gross unrealized losses, total	(2,484)	(114)
Total long-term AFS securities
Long-term AFS securities
Fair value, less than 12 months	96,079	396,347
Gross unrealized losses, less than 12 months	(5,856)	(2,720)
Fair value, greater than 12 months	79,866	0
Gross unrealized losses, greater than 12 months	(4,868)	0
Fair value, total	175,945	396,347
Gross unrealized losses, total	(10,724)	(2,720)
Corporate debt securities
Short-term AFS securities
Fair value, less than 12 months	30,120	53,148
Gross unrealized losses, less than 12 months	(736)	(69)
Fair value, greater than 12 months	7,169	0
Gross unrealized losses, greater than 12 months	(244)	0
Fair value, total	37,289	53,148
Gross unrealized losses, total	(980)	(69)
Long-term AFS securities
Fair value, less than 12 months	72,968	224,022
Gross unrealized losses, less than 12 months	(4,459)	(1,858)
Fair value, greater than 12 months	53,025	0
Gross unrealized losses, greater than 12 months	(3,360)	0
Fair value, total	125,993	224,022
Gross unrealized losses, total	(7,819)	(1,858)
U.S. Treasury securities
Short-term AFS securities
Fair value, less than 12 months	23,655	61,018
Gross unrealized losses, less than 12 months	(439)	(43)
Fair value, greater than 12 months	12,241	0
Gross unrealized losses, greater than 12 months	(254)	0
Fair value, total	35,896	61,018
Gross unrealized losses, total	(693)	(43)
Long-term AFS securities
Fair value, less than 12 months	22,181	119,146
Gross unrealized losses, less than 12 months	(1,328)	(549)
Fair value, greater than 12 months	16,362	0
Gross unrealized losses, greater than 12 months	(987)	0
Fair value, total	38,543	119,146
Gross unrealized losses, total	(2,315)	(549)
Municipal securities
Short-term AFS securities
Fair value, less than 12 months	6,215	1,998
Gross unrealized losses, less than 12 months	(175)	(2)
Fair value, greater than 12 months	2,463	0
Gross unrealized losses, greater than 12 months	(61)	0
Fair value, total	8,678	1,998
Gross unrealized losses, total	(236)	(2)
Long-term AFS securities
Fair value, less than 12 months		13,933
Gross unrealized losses, less than 12 months		(61)
Fair value, greater than 12 months		0
Gross unrealized losses, greater than 12 months		0
Fair value, total		13,933
Gross unrealized losses, total		(61)
U.S. governmental agency securities
Short-term AFS securities
Fair value, less than 12 months	4,833
Gross unrealized losses, less than 12 months	(167)
Fair value, greater than 12 months	11,397
Gross unrealized losses, greater than 12 months	(408)
Fair value, total	16,230
Gross unrealized losses, total	(575)
Long-term AFS securities
Fair value, less than 12 months	930	39,246
Gross unrealized losses, less than 12 months	(69)	(252)
Fair value, greater than 12 months	10,479	0
Gross unrealized losses, greater than 12 months	(521)	0
Fair value, total	11,409	39,246
Gross unrealized losses, total	$ (590)	$ (252)

Business Combination - Narrativ

Business Combination - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Feb. 01, 2022	Sep. 25, 2022	Sep. 25, 2022	Sep. 26, 2021	Dec. 26, 2021
Business Acquisition [Line Items]
Payments for business acquisitions			$ 515,299	$ 0
Reduced expenses			47,800
Increased expenses				$ 47,800
Intangible assets, net		$ 328,735	328,735		$ 14,246
Indefinite-lived intangible assets		9,000	9,000
The Athletic
Business Acquisition [Line Items]
Amortization expense		$ 6,800	$ 18,200
The Athletic
Business Acquisition [Line Items]
Payments for business acquisitions	$ 550,000
Purchase price for assets acquired and liabilities assumed	523,466
Payment for acceleration of stock options	$ 26,700

Business Combination - Schedule

Business Combination - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Feb. 01, 2022	Sep. 25, 2022	Dec. 26, 2021	Dec. 27, 2020
Business Acquisition [Line Items]
Goodwill		$ 406,373	$ 166,360	$ 171,657
Unexpired subscriptions revenue	$ 28,100
The Athletic
Business Acquisition [Line Items]
Total current assets	18,495
Property, plant and equipment	281
Right of use asset	2,612
Goodwill	249,792
Total current liabilities	(41,107)
Other liabilities — Other	(3,491)
Deferred tax liability, net	(35,116)
Total purchase price	$ 523,466
The Athletic | Minimum
Business Acquisition [Line Items]
Property, plant and equipment, useful life	3 years
The Athletic | Maximum
Business Acquisition [Line Items]
Property, plant and equipment, useful life	5 years
Trademark | The Athletic
Business Acquisition [Line Items]
Finite-lived intangibles	$ 160,000
Estimated useful life	20 years
Existing subscriber base | The Athletic
Business Acquisition [Line Items]
Finite-lived intangibles	$ 135,000
Estimated useful life	12 years
Developed technology | The Athletic
Business Acquisition [Line Items]
Finite-lived intangibles	$ 35,000
Estimated useful life	5 years
Content archive | The Athletic
Business Acquisition [Line Items]
Finite-lived intangibles	$ 2,000
Estimated useful life	2 years

Business Combination - Pro Form

Business Combination - Pro Forma (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Revenue	$ 547,068	$ 526,581	$ 1,647,320	$ 1,528,513
Net income	$ 37,793	$ 40,800	$ 127,615	$ 71,855

Business Combination - Schedu_2

Business Combination - Schedule of Goodwill Balances (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 25, 2022	Dec. 26, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 166,360	$ 171,657
Foreign currency translation	(9,779)	(5,297)
Acquisition of The Athletic	249,792
Goodwill, ending balance	406,373	166,360
The New York Times Group
Goodwill [Roll Forward]
Goodwill, beginning balance	166,360	171,657
Foreign currency translation	(9,779)	(5,297)
Acquisition of The Athletic	0
Goodwill, ending balance	156,581	166,360
The Athletic
Goodwill [Roll Forward]
Goodwill, beginning balance	0	0
Foreign currency translation	0	0
Acquisition of The Athletic	249,792
Goodwill, ending balance	$ 249,792	$ 0

Business Combination - Schedu_3

Business Combination - Schedule of Finite-Lived Intangible Assets (Details) $ in Thousands	Sep. 25, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross book value	$ 332,000
Accumulated amortization	(18,167)
Net book value	313,833
Trademark
Finite-Lived Intangible Assets [Line Items]
Gross book value	160,000
Accumulated amortization	(5,333)
Net book value	154,667
Existing subscriber base
Finite-Lived Intangible Assets [Line Items]
Gross book value	135,000
Accumulated amortization	(7,500)
Net book value	127,500
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross book value	35,000
Accumulated amortization	(4,667)
Net book value	30,333
Content archive
Finite-Lived Intangible Assets [Line Items]
Gross book value	2,000
Accumulated amortization	(667)
Net book value	$ 1,333

Business Combination - Schedu_4

Business Combination - Schedule of Future Amortization (Details) $ in Thousands	Sep. 25, 2022 USD ($)
Business Combination and Asset Acquisition [Abstract]
Remainder of 2022	$ 6,813
2023	27,250
2024	26,333
2025	26,250
2026	26,250
Thereafter	200,937
Net book value	$ 313,833

Investments - Non-Marketable Eq

Investments - Non-Marketable Equity Securities (Details) - USD ($) $ in Millions	Sep. 25, 2022	Dec. 26, 2021
Investments, Debt and Equity Securities [Abstract]
Equity securities	$ 29.8	$ 27.9

Other - Narrative (Details)

Other - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021	Jul. 27, 2022	Dec. 26, 2021
Other Expense [Line Items]
Severance		$ 2,010	$ 476	$ 4,670	$ 882
Severance liability		5,200		5,200			$ 2,100
Acquisition-related costs		0	0	34,712	0
Severance | Selling, General and Administrative Expenses
Other Expense [Line Items]
Severance		2,000	500	4,700	900
Credit Facility
Other Expense [Line Items]
Unsecured revolving credit facility, maximum borrowing capacity	$ 250,000
Unsecured revolving credit facility, term (in years)	5 years
Unsecured revolving credit facility, unused commitment fee (quarterly)	0.20%
Credit Facility | Amended Credit Facility
Other Expense [Line Items]
Unsecured revolving credit facility, maximum borrowing capacity						$ 350,000
Letters of credit outstanding		600		600
Capitalized Computer Software Costs
Other Expense [Line Items]
Capitalized computer software amortization		$ 2,000	$ 2,100	$ 5,900	$ 7,100

Other - Interest Income and Oth

Other - Interest Income and Other, Net (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Apr. 11, 2022	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Other Income and Expenses [Abstract]
Interest income and other expense, net		$ 1,817	$ 1,598	$ 4,574	$ 5,342
Gain on the sale of land		0	0	34,227	0
Gain on non-marketable equity investment		0	27,156	0	27,156
Interest expense		(238)	(185)	(543)	(545)
Total interest income and other, net		$ 1,579	$ 28,569	$ 38,258	$ 31,953
Parcel to the lessor, amount	$ 36,000
Gain on lease commencement	$ 34,000

Other - Reconciliation of Cash,

Other - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021	Sep. 26, 2021	Dec. 27, 2020
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$ 190,050	$ 319,973
Restricted cash included within miscellaneous assets	13,668	14,333
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 203,718	$ 334,306	$ 338,322	$ 301,964

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 25, 2022	Dec. 26, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	$ 102,620	$ 341,075
Long-term AFS securities	175,945	413,380
Life insurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Miscellaneous assets	47,000	52,500
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	40,424	149,548
Long-term AFS securities	38,543	119,146
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	37,289	107,334
Long-term AFS securities	125,993	241,055
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities		55,551
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	8,677	3,997
Long-term AFS securities		13,933
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities		21,145
Recurring | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	13,609	21,101
Contingent consideration	5,858	7,450
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	13,609	21,101
Contingent consideration	0	0
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Contingent consideration	0	0
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Contingent consideration	5,858	7,450
Recurring | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	102,620	341,075
Long-term AFS securities	175,945	413,380
Recurring | Debt Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	102,620	341,075
Long-term AFS securities	175,945	413,380
Recurring | Debt Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	40,424	149,548
Long-term AFS securities	38,543	119,146
Recurring | U.S. Treasury securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | U.S. Treasury securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	40,424	149,548
Long-term AFS securities	38,543	119,146
Recurring | U.S. Treasury securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	37,289	107,334
Long-term AFS securities	125,993	241,055
Recurring | Corporate debt securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Corporate debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	37,289	107,334
Long-term AFS securities	125,993	241,055
Recurring | Corporate debt securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	55,551
Recurring | Certificates of deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Recurring | Certificates of deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	55,551
Recurring | Certificates of deposit | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Recurring | U.S. governmental agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	16,230	3,500
Long-term AFS securities	11,409	39,246
Recurring | U.S. governmental agency securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | U.S. governmental agency securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	16,230	3,500
Long-term AFS securities	11,409	39,246
Recurring | U.S. governmental agency securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	8,677	3,997
Long-term AFS securities	0	13,933
Recurring | Municipal securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Municipal securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	8,677	3,997
Long-term AFS securities	0	13,933
Recurring | Municipal securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Long-term AFS securities	0	0
Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	21,145
Recurring | Commercial paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	0
Recurring | Commercial paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	0	21,145
Recurring | Commercial paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	$ 0	$ 0

Fair Value Measurements - Chang

Fair Value Measurements - Change in Balance of Contingent Consideration (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021	Dec. 26, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration redemption period (in years)			5 years
Recurring | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 5,858		$ 5,858		$ 7,450
Contingent Consideration | Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at the beginning of the period	5,858	$ 7,450	7,450	$ 8,431
Payments	0	0	(1,724)	(862)
Fair value adjustments	0	0	132	(119)
Contingent consideration at the end of the period	$ 5,858	$ 7,450	$ 5,858	$ 7,450

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Pension Benefits - Net Periodic Pension Cost (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Pension Benefits
Service cost	$ 2,882	$ 2,276	$ 8,645	$ 6,828
Interest cost	10,121	8,717	30,365	26,151
Expected return on plan assets	(13,807)	(12,678)	(41,422)	(38,033)
Amortization of actuarial loss	4,909	6,877	14,728	20,632
Amortization of prior service credit	(486)	(486)	(1,459)	(1,458)
Net periodic postretirement benefit cost	3,619	4,706	10,857	14,120
Qualified Plans
Pension Benefits
Service cost	2,882	2,276	8,645	6,828
Interest cost	8,837	7,630	26,512	22,888
Expected return on plan assets	(13,807)	(12,678)	(41,422)	(38,033)
Amortization of actuarial loss	3,266	5,056	9,799	15,169
Amortization of prior service credit	(486)	(486)	(1,459)	(1,458)
Net periodic postretirement benefit cost	692	1,798	2,075	5,394
Non- Qualified Plans
Pension Benefits
Service cost	0	0	0	0
Interest cost	1,284	1,087	3,853	3,263
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss	1,643	1,821	4,929	5,463
Amortization of prior service credit	0	0	0	0
Net periodic postretirement benefit cost	$ 2,927	$ 2,908	$ 8,782	$ 8,726

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Pension Benefits
Mulitemployer pension contractual gains	$ 7,127	$ 0	$ 7,127	$ 0
Qualified Plans | Pension Plan
Pension Benefits
Pension contributions			7,500	$ 6,500
Expected future employer contributions	$ 10,000		$ 10,000

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits - Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Pension Benefits
Service cost	$ 11	$ 14	$ 34	$ 40
Interest cost	183	141	548	423
Amortization of actuarial loss	823	851	2,470	2,555
Amortization of prior service credit	0	(837)	(368)	(2,509)
Net periodic postretirement benefit cost	$ 1,017	$ 169	$ 2,684	$ 509

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021	Dec. 31, 2022
Income Tax Contingency [Line Items]
Income tax expense	$ 14,220	$ 20,290	$ 39,196	$ 47,994
Effective income tax rate from continuing operations	28%	27.10%	27.50%	24.20%
Forecast
Income Tax Contingency [Line Items]
Income taxes, estimated negative impact of tax provision on cash from operations					$ 50,000

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		500,000		600,000
Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,600,000	0	1,100,000	0
Long-Term Incentive Compensation Stock-Settled Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	0
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	0

Supplemental Stockholders' Eq_3

Supplemental Stockholders' Equity Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	7 Months Ended	9 Months Ended
	Sep. 25, 2022	Sep. 25, 2022	Sep. 25, 2022	Feb. 28, 2022
Class of Stock [Line Items]
Stock repurchase program, authorized amount				$ 150,000
Share repurchases	$ 25,334		$ 79,803
Stock repurchase program, remaining authorized repurchase amount	$ 70,200	$ 70,200	$ 70,200
Class A Common Stock
Class of Stock [Line Items]
Share repurchases		$ 79,800

Supplemental Stockholders' Eq_4

Supplemental Stockholders' Equity Information - Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	$ 1,540,134	$ 1,418,787	$ 1,540,725	$ 1,328,111
Other comprehensive loss before reclassifications, before tax			(24,677)
Amounts reclassified from accumulated other comprehensive loss, before tax			15,371
Income tax (benefit)/expense			(2,467)
Other comprehensive (loss)/income, net of tax	(3,004)	2,914	(6,839)	9,651
Balance, end of period	1,542,358	1,469,532	1,542,358	1,469,532
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			3,754
Other comprehensive loss before reclassifications, before tax			(13,219)
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax (benefit)/expense			(3,518)
Other comprehensive (loss)/income, net of tax			(9,701)
Balance, end of period	(5,947)		(5,947)
Funded Status of Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(385,680)
Other comprehensive loss before reclassifications, before tax			0
Amounts reclassified from accumulated other comprehensive loss, before tax			15,371
Income tax (benefit)/expense			4,125
Other comprehensive (loss)/income, net of tax			11,246
Balance, end of period	(374,434)		(374,434)
Net Unrealized Loss on Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(1,276)
Other comprehensive loss before reclassifications, before tax			(11,458)
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax (benefit)/expense			(3,074)
Other comprehensive (loss)/income, net of tax			(8,384)
Balance, end of period	(9,660)		(9,660)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(387,037)	(403,444)	(383,202)	(410,181)
Other comprehensive (loss)/income, net of tax	(3,004)	2,914	(6,839)	9,651
Balance, end of period	$ (390,041)	$ (400,530)	$ (390,041)	$ (400,530)

Supplemental Stockholders' Eq_5

Supplemental Stockholders' Equity Information - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of revenue (excluding depreciation and amortization)	$ 1,757	$ 2,599	$ 4,903	$ 7,796
Total reclassification, before tax	50,837	74,946	142,315	198,076
Income tax expense	14,220	20,290	39,196	47,994
Total reclassification, net of tax	$ 36,617	$ 54,656	103,119	$ 150,082
Amounts reclassified from accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification, before tax			15,371
Income tax expense			4,125
Total reclassification, net of tax			11,246
Amounts reclassified from accumulated other comprehensive loss | Amortization of prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of revenue (excluding depreciation and amortization)			(1,827)
Amounts reclassified from accumulated other comprehensive loss | Amortization of actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of revenue (excluding depreciation and amortization)			$ 17,198

Supplemental Stockholders' Eq_6

Supplemental Stockholders' Equity Information - Total Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2022	Sep. 26, 2021	Sep. 25, 2022	Sep. 26, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 9,263	$ 5,049	$ 25,299	$ 14,387
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	2,028	1,325	5,647	3,746
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	337	293	1,006	917
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	2,986	852	7,586	2,528
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 3,912	$ 2,579	$ 11,060	$ 7,196

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 25, 2022 USD ($)	Sep. 26, 2021 USD ($)	Sep. 25, 2022 segment	Sep. 25, 2022 USD ($)	Sep. 26, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments (in segments) | segment			2
Total revenues	$ 547,680	$ 509,103		$ 1,640,785	$ 1,480,645
Revenues, percent change	0.076			0.108
Cost of revenue (excluding depreciation and amortization)	$ 294,856	256,978		$ 876,804	759,333
Cost of revenue, percent change	0.147			0.155
Sales and marketing	$ 64,732	83,767		$ 205,089	197,475
Sales and marketing, percent change	(0.227)			0.039
Product development	$ 50,474	40,638		$ 148,729	119,280
Product development, percent change	0.242			0.247
Adjusted general and administrative expense	$ 68,641	62,667		$ 204,064	178,494
Adjusted general and administrative, percent change	0.095			0.143
Total operating costs	$ 503,792	460,127		$ 1,504,240	1,302,895
Operating costs, percent change	0.095			0.155
Adjusted operating costs, total	$ 478,703	444,050		$ 1,434,686	1,254,582
Adjusted operating costs, total, percent change	0.078			0.144
Adjusted operating profit	$ 68,977	65,053		$ 206,099	226,063
Operating profit	$ 51,015	48,976		$ 108,960	173,919
Operating profit, percent change	0.042			(0.374)
Depreciation and amortization	$ 21,760	14,326		$ 61,150	43,529
Depreciation and amortization, percent change	0.519			0.405
Severance	$ 2,010	476		$ 4,670	882
Multiemployer pension plan withdrawal costs	$ 1,319	1,275		$ 3,734	3,902
Multiemployer pension plan withdrawal costs, percent change	0.035			(0.043)
Adjusted operating costs	$ 478,703	444,050		$ 1,434,686	1,254,582
Adjusted operating costs, percent change	0.078			0.144
Acquisition-related costs	$ 0	0		$ 34,712	0
Lease termination charge	0	0		0	3,831
Gain from pension liability adjustment	$ (7,127)	0		$ (7,127)	0
Adjusted operating profit, percent change	0.060			(0.088)
The New York Times Group
Segment Reporting Information [Line Items]
Total revenues	$ 523,570	509,103		$ 1,584,970	1,480,645
Revenues, percent change	0.028			0.070
Cost of revenue (excluding depreciation and amortization)	$ 274,945	256,978		$ 824,405	759,333
Cost of revenue, percent change	0.070			0.086
Sales and marketing	$ 57,326	83,767		$ 189,970	197,475
Sales and marketing, percent change	(0.316)			(0.038)
Product development	$ 46,273	40,638		$ 138,225	119,280
Product development, percent change	0.139			0.159
Adjusted general and administrative expense	$ 66,476	62,667		$ 197,280	178,494
Adjusted general and administrative, percent change	0.061			0.105
Total operating costs	$ 445,020	444,050		$ 1,349,880	1,254,582
Total, percent change	0.002			0.076
Adjusted operating profit	$ 78,550	$ 65,053		$ 235,090	$ 226,063
Adjusted operating profit margin, percent	15%	12.80%		14.80%	15.30%
Severance	$ 2,000	$ 500		$ 4,500	$ 900
Multiemployer pension plan withdrawal costs	$ 1,300	1,300		$ 3,700	3,900
Adjusted operating profit, percent change	0.207			0.040
Adjusted operating profit margin, percent change	2.20%			(0.50%)
The Athletic
Segment Reporting Information [Line Items]
Total revenues	$ 24,110	0		$ 55,815	0
Cost of revenue (excluding depreciation and amortization)	19,911	0		52,399	0
Sales and marketing	7,406	0		15,119	0
Product development	4,201	0		10,504	0
Adjusted general and administrative expense	2,165	0		6,784	0
Total operating costs	33,683	0		84,806	0
Adjusted operating profit	(9,573)	0		(28,991)	0
Severance				200
Subscription
Segment Reporting Information [Line Items]
Total revenues	$ 382,672	342,609		$ 1,138,270	1,010,910
Revenues, percent change	0.117			0.126
Subscription | The New York Times Group
Segment Reporting Information [Line Items]
Total revenues	$ 360,997	342,609		$ 1,089,218	1,010,910
Revenues, percent change	0.054			0.077
Subscription | The Athletic
Segment Reporting Information [Line Items]
Total revenues	$ 21,675	0		$ 49,052	0
Advertising
Segment Reporting Information [Line Items]
Total revenues	$ 110,467	110,887		$ 344,116	320,777
Revenues, percent change	(0.004)			0.073
Advertising | The New York Times Group
Segment Reporting Information [Line Items]
Total revenues	$ 108,134	110,887		$ 337,455	320,777
Revenues, percent change	(0.025)			0.052
Advertising | The Athletic
Segment Reporting Information [Line Items]
Total revenues	$ 2,333	0		$ 6,661	0
Other
Segment Reporting Information [Line Items]
Total revenues	$ 54,541	55,607		$ 158,399	148,958
Revenues, percent change	(0.019)			0.063
Other | The Athletic
Segment Reporting Information [Line Items]
Total revenues	$ 102	0		$ 102	0
Other | The New York Times Group
Segment Reporting Information [Line Items]
Total revenues	$ 54,439	$ 55,607		$ 158,297	$ 148,958
Revenues, percent change	(0.021)			0.063