The New York Times Company (NYT) 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		163,449,311
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	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 222,946	$ 289,472
Short-term marketable securities	188,436	162,094
Accounts receivable (net of allowances of $12,550 as of June 30, 2024 and $12,800 as of December 31, 2023)	181,280	242,488
Prepaid expenses	50,410	59,712
Other current assets	73,081	27,887
Total current assets	716,153	781,653
Other assets
Long-term marketable securities	312,593	257,633
Property, plant and equipment (less accumulated depreciation and amortization of $889,750 as of June 30, 2024 and $870,329 as of December 31, 2023)	502,740	514,245
Goodwill	414,163	416,098
Intangible assets, net	271,614	285,490
Deferred income taxes	128,152	114,505
Miscellaneous assets	327,953	344,971
Total assets	2,673,368	2,714,595
Current liabilities
Accounts payable	120,902	116,942
Accrued payroll and other related liabilities	124,426	174,316
Unexpired subscriptions revenue	174,904	172,772
Accrued expenses and other	122,897	147,529
Total current liabilities	543,129	611,559
Other liabilities
Pension benefits obligation	213,638	219,451
Postretirement benefits obligation	19,169	19,402
Other	92,446	100,964
Total other liabilities	325,253	339,817
Common stock of $.10 par value:
Additional paid-in capital	320,111	301,287
Retained earnings	2,180,425	2,117,839
Common stock held in treasury, at cost	(363,086)	(320,820)
Accumulated other comprehensive loss, net of income taxes:
Foreign currency translation adjustments	(887)	910
Funded status of benefit plans	(348,447)	(353,286)
Net unrealized loss on available-for-sale securities	(978)	(486)
Total accumulated other comprehensive loss, net of income taxes	(350,312)	(352,862)
Total stockholders’ equity	1,804,986	1,763,219
Total liabilities and stockholders’ equity	2,673,368	2,714,595
Class A Common Stock
Common stock of $.10 par value:
Common stock value	17,770	17,697
Class B Common Stock
Common stock of $.10 par value:
Common stock value	$ 78	$ 78

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts receivable, allowance for credit loss	$ 12,550	$ 12,800
Accumulated depreciation and amortization	$ 889,750	$ 870,329
Common stock of $.10 par value:
Common stock, par value (in usd per share)	$ 0.10	$ 0.10
Class A Common Stock
Common stock of $.10 par value:
Authorized shares (in shares)	300,000,000	300,000,000
Issued shares (in shares)	177,682,187	176,951,162
Treasury shares (in shares)	14,101,476	13,189,925
Class B Common Stock
Common stock of $.10 par value:
Authorized shares (in shares)	780,724	780,724
Issued shares (in shares)	780,724	780,724

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues
Total revenues		$ 625,097	$ 590,853	$ 1,219,112	$ 1,151,592
Operating costs
Cost of revenue (excluding depreciation and amortization)		322,774	309,923	639,641	616,775
Sales and marketing		61,303	62,241	126,437	129,275
Product development		62,220	56,047	125,405	113,109
General and administrative		76,870	72,273	155,685	153,324
Depreciation and amortization		20,537	21,858	41,243	42,698
Generative AI Litigation Costs		1,983	0	2,972	0
Impairment charge		0	12,736	0	12,736
Total operating costs	[1]	545,687	535,078	1,091,383	1,067,917
Operating profit		79,410	55,775	127,729	83,675
Other components of net periodic benefit (costs)/income		(1,023)	684	(2,074)	1,369
Interest income and other, net		8,696	4,517	17,083	7,690
Income before income taxes		87,083	60,976	142,738	92,734
Income tax expense		21,543	14,402	36,781	23,839
Net income		$ 65,540	$ 46,574	$ 105,957	$ 68,895
Average number of common shares outstanding:
Basic (in shares)		164,540	164,714	164,592	164,844
Diluted (in shares)		165,514	165,037	165,716	165,325
Basic earnings per share attributable to common stockholders (in usd per share)		$ 0.40	$ 0.28	$ 0.64	$ 0.42
Diluted earnings per share attributable to common stockholders (in usd per share)		0.40	0.28	0.64	0.42
Dividends declared per share (in usd per share)		$ 0.13	$ 0.11	$ 0.26	$ 0.22
Subscription
Revenues
Total revenues		$ 439,322	$ 409,590	$ 868,327	$ 807,132
Advertising
Revenues
Total revenues		119,163	117,770	222,874	224,011
Other
Revenues
Total revenues		$ 66,612	$ 63,493	$ 127,911	$ 120,449
[1]Second quarter and first six months of 2023 were recast to conform to the current presentation of total operating costs.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 65,540	$ 46,574	$ 105,957	$ 68,895
Other comprehensive income, before tax:
(Loss)/gain on foreign currency translation adjustments	(588)	286	(2,434)	1,134
Pension and postretirement benefits obligation	3,315	1,553	6,603	3,106
Net unrealized gain/(loss) on available-for-sale securities	42	1,496	(667)	4,098
Other comprehensive income, before tax	2,769	3,335	3,502	8,338
Income tax expense	722	879	952	2,173
Other comprehensive income, net of tax	2,047	2,456	2,550	6,165
Comprehensive income attributable to common stockholders	$ 67,587	$ 49,030	$ 108,507	$ 75,060

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. 31, 2022	$ 1,599,972	$ 1,597,967	$ 17,707	$ 255,515	$ 1,958,859	$ (276,267)	$ (357,847)	$ 2,005
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	68,895	68,895			68,895
Dividends	(36,725)	(36,725)			(36,725)
Other comprehensive (loss) income	6,165	6,165					6,165
Issuance of stock-based awards, net of withholding taxes:
Restricted stock units vested - Class A shares	(8,551)	(8,551)	34	(8,585)
Performance-based awards - Class A shares	(3,098)	(3,098)	10	(3,108)
Share repurchases - Class A shares	(43,591)	(43,591)				(43,591)
Stock-based compensation	24,153	24,153		24,153
Balance, end of period at Jun. 30, 2023	1,607,220	1,605,215	17,751	267,975	1,991,029	(319,858)	(351,682)	2,005
Balance, beginning of period at Mar. 31, 2023	1,576,790	1,574,785	17,744	255,361	1,962,805	(306,987)	(354,138)	2,005
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	46,574	46,574			46,574
Dividends	(18,350)	(18,350)			(18,350)
Other comprehensive (loss) income	2,456	2,456					2,456
Issuance of stock-based awards, net of withholding taxes:
Restricted stock units vested - Class A shares	(632)	(632)	7	(639)
Share repurchases - Class A shares	(12,871)	(12,871)				(12,871)
Stock-based compensation	13,253	13,253		13,253
Balance, end of period at Jun. 30, 2023	1,607,220	1,605,215	17,751	267,975	1,991,029	(319,858)	(351,682)	2,005
Balance, beginning of period at Dec. 31, 2023	1,763,219	1,763,219	17,775	301,287	2,117,839	(320,820)	(352,862)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	105,957	105,957			105,957
Dividends	(43,371)	(43,371)			(43,371)
Other comprehensive (loss) income	2,550	2,550					2,550
Issuance of stock-based awards, net of withholding taxes:
Restricted stock units vested - Class A shares	(15,894)	(15,894)	54	(15,948)
Performance-based awards - Class A shares	(2,688)	(2,688)	8	(2,696)
Employee stock purchase plan – Class A shares	4,589	4,589	11	4,578
Share repurchases - Class A shares	(42,266)	(42,266)				(42,266)
Stock-based compensation	32,890	32,890		32,890
Balance, end of period at Jun. 30, 2024	1,804,986	1,804,986	17,848	320,111	2,180,425	(363,086)	(350,312)	0
Balance, beginning of period at Mar. 31, 2024	1,747,962	1,747,962	17,830	299,483	2,136,537	(353,529)	(352,359)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	65,540	65,540			65,540
Dividends	(21,652)	(21,652)			(21,652)
Other comprehensive (loss) income	2,047	2,047					2,047
Issuance of stock-based awards, net of withholding taxes:
Restricted stock units vested - Class A shares	(977)	(977)	7	(984)
Employee stock purchase plan – Class A shares	4,589	4,589	11	4,578
Share repurchases - Class A shares	(9,557)	(9,557)				(9,557)
Stock-based compensation	17,034	17,034		17,034
Balance, end of period at Jun. 30, 2024	$ 1,804,986	$ 1,804,986	$ 17,848	$ 320,111	$ 2,180,425	$ (363,086)	$ (350,312)	$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Restricted stock unit vested (in shares)	61,702	62,142	532,522	329,235
Performance-based awards (in shares)			85,703	106,419
Employee stock purchase plan (in shares)	112,800		112,800
Share repurchases (in shares)	208,083	357,488	911,551	1,161,017

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net income	$ 105,957	$ 68,895
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	41,243	42,698
Amortization of right of use asset	4,461	4,989
Stock-based compensation expense	32,890	24,153
Impairment charge	0	12,736
Change in long-term retirement benefit obligations	(12,215)	(13,760)
Other – net	(2,371)	(1,360)
Changes in operating assets and liabilities:
Accounts receivable – net	61,208	58,542
Other assets	1,094	(2,517)
Accounts payable, accrued payroll and other liabilities	(103,632)	(79,306)
Unexpired subscriptions	2,132	1,051
Other noncurrent assets and liabilities	2,543	3,661
Net cash provided by operating activities	133,310	119,782
Cash flows from investing activities
Purchases of marketable securities	(185,040)	(43,643)
Maturities of marketable securities	101,562	47,103
Capital expenditures	(14,054)	(10,792)
Other – net	1,362	2,302
Net cash used in investing activities	(96,170)	(5,030)
Long-term obligations:
Dividends paid	(40,032)	(33,195)
Payment of contingent consideration	(1,724)	(1,724)
Capital shares:
Repurchases	(42,004)	(43,591)
Share-based compensation tax withholding	(18,582)	(11,649)
Net cash used in financing activities	(102,342)	(90,159)
Net (decrease)/increase in cash, cash equivalents and restricted cash	(65,202)	24,593
Effect of exchange rate changes on cash	(964)	(29)
Cash, cash equivalents and restricted cash at the beginning of the period	303,172	235,173
Cash, cash equivalents and restricted cash at the end of the period	$ 237,006	$ 259,737

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, and December 31, 2023, and the results of operations, changes in stockholders’ equity and cash flows of the Company for the periods ended June 30, 2024, and June 30, 2023. 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 31, 2023. 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 first six months of 2024 includes an additional day compared with the first six months of 2023 as a result of 2024 being a leap year. The Company has two reportable segments: The New York Times Group (“NYTG”) and The Athletic. 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. Reclassification Beginning with the third quarter of 2023, we have updated our presentation of total operating costs to include operating items that are outside the ordinary course of our operations (“special items”). These items have been previously presented separate from operating costs and included in operating profit. We recast operating costs for the prior periods in order to present comparable financial results. There was no change to consolidated operating profit, net income or cash flows as a result of this change.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES As of June 30, 2024, our significant accounting policies, which are detailed in our Annual Report on Form 10-K for the year ended December 31, 2023, have not changed. Recently Issued Accounting Pronouncements Accounting Standard Updates Topic Effective Period Summary 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures Fiscal years, beginning after December 15, 2024. Early adoption is permitted. Requires entities to provide disaggregated income tax disclosures on the rate reconciliation and income taxes paid. We are currently in the process of evaluating the impact of this guidance on the Company’s disclosures. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures Fiscal years, beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. We expect this ASU to impact only our disclosures with no impact to our statement of operations, cash flows and balance sheet.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
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 Cooking, Games and Wirecutter products), and single-copy and bulk sales of our print products. Subscription revenues are based on both the number of digital-only subscriptions and copies of the printed newspaper sold, 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 open-market 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 (including direct-sold programmatic advertising). 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. NYTG has revenue from all categories discussed above. The Athletic has revenue from direct-sold display advertising, podcast, email and video advertisements (including direct-sold programmatic advertising) and open-market programmatic advertising. There is no print advertising revenue generated from The Athletic. 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, books, television and film, our live events business and our student subscription sponsorship program. Subscription, advertising and other revenues were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 As % of total June 30, 2023 As % of total June 30, 2024 As % of total June 30, 2023 As % of total Subscription $ 439,322 70.3 % $ 409,590 69.3 % $ 868,327 71.2 % $ 807,132 70.0 % Advertising 119,163 19.1 % 117,770 19.8 % 222,874 18.3 % 224,011 19.5 % Other (1) 66,612 10.6 % 63,493 10.9 % 127,911 10.5 % 120,449 10.5 % Total $ 625,097 100.0 % $ 590,853 100.0 % $ 1,219,112 100.0 % $ 1,151,592 100.0 % (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 $6.7 million and $6.5 million for the second quarters of 2024 and 2023, respectively, and $13.3 million and $13.7 million for the first six months of 2024 and 2023, respectively. The following table summarizes digital and print subscription revenues, which are components of subscription revenues above, for the second quarters and first six months ended June 30, 2024, and June 30, 2023: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 As % of total June 30, 2023 As % of total June 30, 2024 As % of total June 30, 2023 As % of total Digital-only subscription revenues (1) $ 304,501 69.3 % $ 269,774 65.9 % $ 597,479 68.8 % $ 528,541 65.5 % Print subscription revenues (2) 134,821 30.7 % 139,816 34.1 % 270,848 31.2 % 278,591 34.5 % Total subscription revenues $ 439,322 100.0 % $ 409,590 100.0 % $ 868,327 100.0 % $ 807,132 100.0 % (1) Includes revenue from bundled and standalone subscriptions to our news product, as well as to The Athletic and our Cooking, Games and Wirecutter products. (2) Includes domestic home-delivery subscriptions, which include access to our digital products. Also includes single-copy, NYT International and Other subscription revenues. The following table summarizes digital and print advertising revenues, which are components of advertising revenues above, for the second quarters and first six months ended June 30, 2024, and June 30, 2023: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 As % of total June 30, 2023 As % of total June 30, 2024 As % of total June 30, 2023 As % of total Advertising revenues: Digital $ 79,575 66.8 % $ 73,804 62.7 % $ 142,602 64.0 % $ 135,075 60.3 % Print 39,588 33.2 % 43,966 37.3 % 80,272 36.0 % 88,936 39.7 % Total advertising $ 119,163 100.0 % $ 117,770 100.0 % $ 222,874 100.0 % $ 224,011 100.0 % Performance Obligations We have remaining performance obligations related to digital archive and other licensing and certain advertising contracts. As of June 30, 2024, the aggregate amount of the transaction price allocated to the remaining performance obligations for contracts with a duration greater than one year was approximately $156 million. The Company will recognize this revenue as performance obligations are satisfied. We expect that approximately $47 million, $78 million and $31 million will be recognized in the remainder of 2024, 2025 and thereafter through 2028, respectively. Unexpired Subscriptions Payments for subscriptions are typically due upfront and the revenue is recognized ratably over the subscription period. The proceeds are recorded within Unexpired subscriptions revenue in the Condensed Consolidated Balance Sheet. Total unexpired subscriptions as of December 31, 2023, were $172.8 million, of which approximately $143 million was recognized as revenues during the six months ended June 30, 2024. Contract Assets As of June 30, 2024, and December 31, 2023, the Company had $3.1 million and $3.5 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	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company accounts for its marketable securities as available for sale (“AFS”). Pre-tax net unrealized losses in Accumulated other comprehensive income (“AOCI”) were $1.3 million and $0.7 million as of June 30, 2024, and December 31, 2023, respectively. The following tables present the amortized cost, gross unrealized gains and losses, and fair market value of our AFS securities as of June 30, 2024, and December 31, 2023: June 30, 2024 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 122,999 $ 1 $ (417) $ 122,583 Corporate debt securities 61,284 9 (306) 60,987 U.S. governmental agency securities 4,915 — (49) 4,866 Total short-term AFS securities $ 189,198 $ 10 $ (772) $ 188,436 Long-term AFS securities Corporate debt securities $ 168,460 $ 190 $ (384) $ 168,266 U.S. Treasury securities 144,705 39 (417) 144,327 Total long-term AFS securities $ 313,165 $ 229 $ (801) $ 312,593 December 31, 2023 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 48,721 $ 55 $ (667) $ 48,109 Corporate debt securities 109,891 6 (1,828) 108,069 U.S. governmental agency securities 6,000 — (84) 5,916 Total short-term AFS securities $ 164,612 $ 61 $ (2,579) $ 162,094 Long-term AFS securities Corporate debt securities $ 103,061 $ 886 $ (5) $ 103,942 U.S. Treasury securities 148,878 1,023 (42) 149,859 U.S. governmental agency securities 3,857 — (25) 3,832 Total long-term AFS securities $ 255,796 $ 1,909 $ (72) $ 257,633 The following tables represent the AFS securities as of June 30, 2024, and December 31, 2023, 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: June 30, 2024 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 U.S. Treasury securities $ 81,000 $ (128) $ 34,515 $ (289) $ 115,515 $ (417) Corporate debt securities 24,046 (50) 29,065 (256) 53,111 (306) U.S. governmental agency securities — — 4,866 (49) 4,866 (49) Total short-term AFS securities $ 105,046 $ (178) $ 68,446 $ (594) $ 173,492 $ (772) Long-term AFS securities Corporate debt securities $ 107,698 $ (384) $ — $ — $ 107,698 $ (384) U.S. Treasury securities 101,238 (417) — — 101,238 (417) Total long-term AFS securities $ 208,936 $ (801) $ — $ — $ 208,936 $ (801) December 31, 2023 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 U.S. Treasury securities $ 995 $ (1) $ 24,978 $ (666) $ 25,973 $ (667) Corporate debt securities 5,819 (5) 99,504 (1,823) 105,323 (1,828) U.S. governmental agency securities — — 5,916 (84) 5,916 (84) Total short-term AFS securities $ 6,814 $ (6) $ 130,398 $ (2,573) $ 137,212 $ (2,579) Long-term AFS securities Corporate debt securities $ 2,451 $ — $ 245 $ (5) $ 2,696 $ (5) U.S. Treasury securities 14,792 (36) 290 (6) 15,082 (42) U.S. governmental agency securities 3,832 (25) — — 3,832 (25) Total long-term AFS securities $ 21,075 $ (61) $ 535 $ (11) $ 21,610 $ (72) We assess AFS securities on a quarterly basis or more often if a potential loss-triggering event occurs. As of June 30, 2024, and December 31, 2023, 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 June 30, 2024, and December 31, 2023, we have recognized no losses or allowance for credit losses related to AFS securities. As of June 30, 2024, our short-term and long-term marketable securities had remaining maturities of less than one month to 12 months and 13 months to 27 months, respectively. See Note 8 for more information regarding the fair value of our marketable securities.

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLES	GOODWILL AND INTANGIBLES The changes in the carrying amount of goodwill as of June 30, 2024, and since December 31, 2022, were as follows: (In thousands) NYTG The Athletic Total Balance as of December 31, 2022 $ 162,686 $ 251,360 $ 414,046 Foreign currency translation 2,052 — 2,052 Balance as of December 31, 2023 164,738 251,360 416,098 Foreign currency translation (1,935) — (1,935) Balance as of June 30, 2024 $ 162,803 $ 251,360 $ 414,163 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 June 30, 2024 and December 31, 2023, the gross book value and accumulated amortization of the intangible assets with definite lives were as follows: June 30, 2024 (In thousands) Gross Book Value Accumulated Amortization Net Book Value Remaining Weighted-Average Useful Life (Years) Trademark $ 162,618 $ (21,951) $ 140,667 17.8 Existing subscriber base 136,500 (28,688) 107,812 9.7 Developed technology 38,401 (19,050) 19,351 2.7 Content archive 5,751 (4,444) 1,307 2.1 Total finite-lived intangibles $ 343,270 $ (74,133) $ 269,137 13.4 December 31, 2023 (In thousands) Gross Book Value Accumulated Amortization Net Book Value Remaining Weighted-Average Useful Life (Years) Trademark $ 162,618 $ (17,767) $ 144,851 18.3 Existing subscriber base 136,500 (23,062) 113,438 10.2 Developed technology 38,401 (15,381) 23,020 3.2 Content archive 5,751 (4,047) 1,704 2.5 Total finite-lived intangibles $ 343,270 $ (60,257) $ 283,013 13.7 Amortization expense for intangible assets included in Depreciation and amortization in our Condensed Consolidated Statements of Operations was $6.8 million and $7.3 million for the second quarters of 2024 and 2023, respectively, and $13.9 million and $14.7 million for the first six months of 2024, and 2023, respectively. The estimated aggregate amortization expense for the remainder of 2024 and each of the following fiscal years ending December 31 is presented below: (In thousands) Remainder of 2024 $ 13,603 2025 27,213 2026 26,960 2027 20,171 2028 19,335 Thereafter 161,855 Total amortization expense $ 269,137 The aggregate carrying amount of intangible assets of $271.6 million, which includes an indefinite-lived intangible of $2.5 million, is included in Intangible assets, net in our Condensed Consolidated Balance Sheet as of June 30, 2024.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, and December 31, 2023, non-marketable equity securities included in Miscellaneous assets in our Condensed Consolidated Balance Sheets had a carrying value of $29.6 million and $29.7 million, respectively.

Other

Other	6 Months Ended
	Jun. 30, 2024
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 $1.7 million and $1.8 million for the second quarters of 2024 and 2023, respectively, and $3.6 million for the first six months of 2024 and 2023, 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 Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Interest income $ 8,948 $ 4,754 $ 17,586 $ 8,165 Interest expense (252) (237) (503) (475) Total interest income and other, net $ 8,696 $ 4,517 $ 17,083 $ 7,690 Restricted Cash A reconciliation of cash, cash equivalents and restricted cash as of June 30, 2024, and June 30, 2023, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) June 30, 2024 June 30, 2023 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 222,946 $ 245,630 Restricted cash included within miscellaneous assets 14,060 14,107 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 237,006 $ 259,737 Substantially all of the amount included in restricted cash is set aside to collateralize workers’ compensation obligations. Revolving Credit Facility On July 27, 2022, the Company entered into an amendment and restatement of its previous 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 June 30, 2024, and December 31, 2023, there were no borrowings and approximately $0.6 million in outstanding letters of credit, with the remaining committed amount available. As of June 30, 2024, the Company was in compliance with the financial covenants contained in the Credit Facility. Severance Costs We recognized $1.5 million and $0.7 million in severance costs for the second quarters of 2024 and 2023, respectively, and $5.9 million and $4.5 million for the first six months of 2024 and 2023, respectively. These costs are recorded in General and administrative costs in our Condensed Consolidated Statements of Operations. We had a severance liability of $7.2 million and $4.4 million included in Accrued expenses and other in our Condensed Consolidated Balance Sheets as of June 30, 2024, and December 31, 2023, respectively. Generative AI Litigation Costs In the second quarter and first six months of 2024, the Company recorded $2.0 million and $3.0 million, respectively, of pre-tax litigation-related costs in connection with a lawsuit against Microsoft Corporation (“Microsoft”) and Open AI Inc. and various of its corporate affiliates (collectively, “OpenAI”), alleging unlawful and unauthorized copying and use of the Company’s journalism and other content in connection with their development of generative artificial intelligence products (“Generative AI Litigation Costs”). See Note 14 for additional information.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, and December 31, 2023: (In thousands) June 30, 2024 December 31, 2023 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Short-term AFS securities (1) U.S Treasury securities $ 122,583 $ — $ 122,583 $ — $ 48,109 $ — $ 48,109 $ — Corporate debt securities 60,987 — 60,987 — 108,069 — 108,069 — U.S. governmental agency securities 4,866 — 4,866 — 5,916 — 5,916 — Total short-term AFS securities $ 188,436 $ — $ 188,436 $ — $ 162,094 $ — $ 162,094 $ — Long-term AFS securities (1) Corporate debt securities $ 168,266 $ — $ 168,266 $ — $ 103,942 $ — $ 103,942 $ — U.S Treasury securities 144,327 — 144,327 — 149,859 — 149,859 — U.S. governmental agency securities — — — — 3,832 — 3,832 — Total long-term AFS securities $ 312,593 $ — $ 312,593 $ — $ 257,633 $ — $ 257,633 $ — Liabilities: Deferred compensation (2)(3) $ 12,512 $ 12,512 $ — $ — $ 13,752 $ 13,752 $ — $ — Contingent consideration (4) $ 3,561 $ — $ — $ 3,561 $ 4,991 $ — $ — $ 4,991 (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”), a frozen plan that 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 $54.4 million as of June 30, 2024, and $52.3 million as of December 31, 2023. 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. (4) The remaining contingent consideration balances (as discussed below) 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 . 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 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 second quarters and six months ended June 30, 2024, and June 30, 2023: Quarters Ended Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Balance at the beginning of the period $ 5,528 $ 4,392 $ 4,991 $ 5,324 Payments (1,724) — (1,724) (1,724) Fair value adjustments (1) (243) 1,072 294 1,864 Contingent consideration at the end of the period $ 3,561 $ 5,464 $ 3,561 $ 5,464 (1) Fair value adjustments are included in General and administrative costs in our Condensed Consolidated Statements of Operations.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2024
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 (income)/cost were as follows: For the Quarters Ended June 30, 2024 June 30, 2023 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 1,541 $ — $ 1,541 $ 1,417 $ — $ 1,417 Interest cost 13,376 2,206 15,582 14,198 2,296 16,494 Expected return on plan assets (18,109) — (18,109) (19,122) — (19,122) Amortization of actuarial loss 2,603 997 3,600 663 890 1,553 Amortization of prior service credit (486) — (486) (486) — (486) Effect of settlement — (27) (27) — — — Net periodic pension (income)/cost $ (1,075) $ 3,176 $ 2,101 $ (3,330) $ 3,186 $ (144) For the Six Months Ended June 30, 2024 June 30, 2023 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 3,082 $ — $ 3,082 $ 2,835 $ — $ 2,835 Interest cost 26,752 4,413 31,165 28,396 4,591 32,987 Expected return on plan assets (36,218) — (36,218) (38,245) — (38,245) Amortization of actuarial loss 5,206 1,994 7,200 1,327 1,780 3,107 Amortization of prior service credit (972) — (972) (972) — (972) Effect of settlement — (27) (27) — — — Net periodic pension (income)/cost $ (2,150) $ 6,380 $ 4,230 $ (6,659) $ 6,371 $ (288) During the first six months of 2024 and 2023, we made pension contributions of $6.3 million and $4.5 million, respectively, to the APP. We expect to make contractual contributions in 2024 of approximately $12 million, which more than satisfy minimum funding requirements. Other Postretirement Benefits The components of net periodic postretirement benefit cost were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Service cost $ 4 $ 8 $ 8 $ 17 Interest cost 272 375 544 750 Amortization of actuarial loss 174 486 348 972 Net periodic postretirement benefit cost $ 450 $ 869 $ 900 $ 1,739

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company had income tax expense of $21.5 million and $36.8 million in the second quarter and first six months of 2024, respectively. The Company had income tax expense of $14.4 million and $23.8 million in the second quarter and first six months of 2023, respectively. The Company’s effective tax rates were 24.7% and 25.8% for the second quarter and first six months of 2024, respectively. The Company’s effective tax rates were 23.6% and 25.7% for the second quarter and first six months of 2023, respectively. The increase in income tax expense was primarily due to higher pre-tax income in the second quarter of 2024. The effective tax rate was lower in the second quarter of 2023 primarily due to a reduction in the Company’s reserve for uncertain tax positions in that quarter. The Organization for Economic Co-operation and Development enacted model rules for a new global minimum tax framework, also known as Pillar Two, and certain governments globally have enacted these rules effective January 1, 2024. We are monitoring this development and evaluating its potential impact on our tax rate and eligibility to qualify for the safe harbor provisions and currently do not expect a material impact from the Pillar Two income tax rules.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE 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-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 approximately 1.0 million and 1.1 million in the second quarter and first six months of 2024, respectively, and resulted primarily from the dilutive effect of our stock-based awards. The difference between basic and diluted shares was approximately 0.3 million and 0.5 million in the second quarter and first six months of 2023, respectively. 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 no restricted stock units excluded from the computation of diluted earnings per share in the second quarter and first six months of 2024, respectively. There were approximately 0.2 million and 1.7 million restricted stock units excluded from the computation of diluted earnings per share in the second quarter and first six months of 2023, respectively, because they were anti-dilutive. There were no anti-dilutive stock-settled long-term performance awards excluded from the computation of diluted earnings per share in the second quarters and first six months of 2024 and 2023.

Supplemental Stockholders' Equi

Supplemental Stockholders' Equity Information	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
SUPPLEMENTAL STOCKHOLDERS' EQUITY INFORMATION	SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION Share Repurchases In February 2022, the Board of Directors approved a $150.0 million Class A share repurchase program that replaced the previous program, which was approved in 2015. In February 2023, in addition to the remaining 2022 authorization, the Board of Directors approved a $250.0 million Class A share repurchase program. The authorizations provide that shares of Class A Common Stock 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. We expect to repurchase shares to offset the impact of dilution from our equity compensation program and to return capital to our stockholders. There is no expiration date with respect to these authorizations. As of June 30, 2024, repurchases under these authorizations totaled approximately $191.5 million (excluding commissions and excise taxes), fully utilizing the 2022 authorization and leaving approximately $208.5 million remaining under the 2023 authorization. During the six months ended June 30, 2024, repurchases under these authorizations totaled approximately $42.0 million. Accumulated Other Comprehensive Income The following table summarizes the changes in AOCI by component as of June 30, 2024: (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 31, 2023 $ 910 $ (353,286) $ (486) $ (352,862) Other comprehensive loss before reclassifications, before tax (2,434) — (667) (3,101) Amounts reclassified from accumulated other comprehensive loss, before tax — 6,603 — 6,603 Income tax (benefit)/expense (637) 1,764 (175) 952 Net current-period other comprehensive (loss)/income, net of tax (1,797) 4,839 (492) 2,550 Balance as of June 30, 2024 $ (887) $ (348,447) $ (978) $ (350,312) The following table summarizes the reclassifications from AOCI for the six months ended June 30, 2024: (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) $ (972) Other components of net periodic benefit costs/(income) Amortization of actuarial loss (1) 7,548 Other components of net periodic benefit costs/(income) Pension settlement charge 27 Other components of net periodic benefit costs/(income) Total reclassification, before tax (2) 6,603 Income tax expense 1,764 Income tax expense Total reclassification, net of tax $ 4,839 (1) These AOCI components are included in the computation of net periodic benefit (income)/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 June 30, 2024. Stock-based Compensation Expense Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Cost of revenue $ 4,196 $ 3,067 $ 8,150 $ 5,297 Sales and marketing 412 444 804 864 Product development 6,537 5,034 12,772 8,918 General and administrative 5,889 4,708 11,164 9,074 Total stock-based compensation expense $ 17,034 $ 13,253 $ 32,890 $ 24,153

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
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 CODM) to make decisions about resources to be allocated to the segment and assess its performance; and (iii) it has available discrete financial information. The Company has two reportable segments: NYTG and The Athletic. These segments are evaluated regularly by the Company’s CODM in assessing performance and allocating resources. Management uses adjusted operating profit (loss) by segment in assessing performance and allocating resources. Adjusted operating profit is defined as operating profit before depreciation and amortization, severance, multiemployer pension plan withdrawal costs and special items. Adjusted operating profit for NYTG and The Athletic is presented below, along with a reconciliation to consolidated income before taxes. Asset information by segment is not a measure of performance used by the Company’s CODM. Accordingly, we have not disclosed asset information by segment. Subscription revenues from and expenses associated with our digital subscription package (or “bundle”) are allocated to NYTG and The Athletic. We allocate 10% of bundle revenues to The Athletic based on management’s view of The Athletic’s relative value to the bundle, which is derived based on analysis of various metrics, and allocate the remaining bundle revenues to NYTG. We allocate 10% of product development, marketing and subscriber servicing expenses (including direct variable expenses such as credit card fees, third party fees and sales taxes) associated with the bundle to The Athletic, and the remaining costs are allocated to NYTG, in each case, in line with the revenues allocations. The following tables present segment information: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 % Change June 30, 2024 June 30, 2023 % Change Revenues NYTG $ 585,156 $ 560,494 4.4 % $ 1,142,551 $ 1,093,276 4.5 % The Athletic 40,504 30,359 33.4 % 77,686 58,316 33.2 % Intersegment eliminations (1) (563) — * (1,125) — * Total revenues $ 625,097 $ 590,853 5.8 % $ 1,219,112 $ 1,151,592 5.9 % Adjusted operating profit (loss) NYTG $ 107,102 $ 99,969 7.1 % $ 191,848 $ 165,256 16.1 % The Athletic (2,402) (7,803) (69.2) % (11,094) (19,115) (42.0) % Total adjusted operating profit $ 104,700 $ 92,166 13.6 % $ 180,754 $ 146,141 23.7 % Less: Other components of net periodic benefit costs/(income) 1,023 (684) * 2,074 (1,369) * Depreciation and amortization 20,537 21,858 (6.0) % 41,243 42,698 (3.4) % Severance 1,473 713 * 5,901 4,493 31.3 % Multiemployer pension plan withdrawal costs 1,297 1,084 19.6 % 2,909 2,539 14.6 % Generative AI Litigation Costs 1,983 — * 2,972 — * Impairment charge — 12,736 * — 12,736 * Add: Interest income and other, net 8,696 4,517 * 17,083 7,690 * Income before income taxes $ 87,083 $ 60,976 42.8 % $ 142,738 $ 92,734 53.9 % (1) Intersegment eliminations (“I/E”) related to content licensing. * Represents a change equal to or in excess of 100% or not meaningful. Revenues detail by segment For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 % Change June 30, 2024 June 30, 2023 % Change NYTG Subscription $ 410,015 $ 385,037 6.5 % $ 811,386 $ 759,193 6.9 % Advertising 112,088 112,329 (0.2) % 210,092 214,419 (2.0) % Other 63,053 63,128 (0.1) % 121,073 119,664 1.2 % Total $ 585,156 $ 560,494 4.4 % $ 1,142,551 $ 1,093,276 4.5 % The Athletic Subscription $ 29,307 $ 24,553 19.4 % $ 56,941 $ 47,939 18.8 % Advertising 7,075 5,441 30.0 % 12,782 9,592 33.3 % Other 4,122 365 * 7,963 785 * Total $ 40,504 $ 30,359 33.4 % $ 77,686 $ 58,316 33.2 % I/E (1) $ (563) $ — * $ (1,125) $ — * The New York Times Company Subscription $ 439,322 $ 409,590 7.3 % $ 868,327 $ 807,132 7.6 % Advertising 119,163 117,770 1.2 % 222,874 224,011 (0.5) % Other 66,612 63,493 4.9 % 127,911 120,449 6.2 % Total $ 625,097 $ 590,853 5.8 % $ 1,219,112 $ 1,151,592 5.9 % (1) Intersegment eliminations (“I/E”) related to content licensing recorded in Other revenues. * Represents a change equal to or in excess of 100% or not meaningful.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Legal Proceedings We are involved in various legal actions incidental to our business that are now pending against us. These actions generally assert damages claims that are greatly in excess of the amount, if any, that we would be liable to pay if we lost or settled the cases. We record a liability for legal claims when a loss is probable and the amount can be reasonably estimated. Although the Company cannot predict the outcome of these matters, no amount of loss in excess of recorded amounts as o f June 30, 2024, is believed to be reasonably possible. On December 27, 2023, we filed a lawsuit against Microsoft and OpenAI in the United States District Court for the Southern District of New York, alleging copyright infringement, unfair competition, trademark dilution and violations of the Digital Millennium Copyright Act, related to their unlawful and unauthorized copying and use of our journalism and other content. We are seeking monetary relief, injunctive relief preventing Microsoft and OpenAI from continuing their unlawful, unfair and infringing conduct and other relief. We intend to vigorously pursue all of our legal remedies in this litigation, but there is no guarantee that we will be successful in our efforts.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 65,540	$ 46,574	$ 105,957	$ 68,895

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Reclassification	Reclassification Beginning with the third quarter of 2023, we have updated our presentation of total operating costs to include operating items that are outside the ordinary course of our operations (“special items”). These items have been previously presented separate from operating costs and included in operating profit. We recast operating costs for the prior periods in order to present comparable financial results. There was no change to consolidated operating profit, net income or cash flows as a result of this change.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Accounting Standard Updates Topic Effective Period Summary 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures Fiscal years, beginning after December 15, 2024. Early adoption is permitted. Requires entities to provide disaggregated income tax disclosures on the rate reconciliation and income taxes paid. We are currently in the process of evaluating the impact of this guidance on the Company’s disclosures. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures Fiscal years, beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. Requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. We expect this ASU to impact only our disclosures with no impact to our statement of operations, cash flows and balance sheet.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Subscription, advertising and other revenues were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 As % of total June 30, 2023 As % of total June 30, 2024 As % of total June 30, 2023 As % of total Subscription $ 439,322 70.3 % $ 409,590 69.3 % $ 868,327 71.2 % $ 807,132 70.0 % Advertising 119,163 19.1 % 117,770 19.8 % 222,874 18.3 % 224,011 19.5 % Other (1) 66,612 10.6 % 63,493 10.9 % 127,911 10.5 % 120,449 10.5 % Total $ 625,097 100.0 % $ 590,853 100.0 % $ 1,219,112 100.0 % $ 1,151,592 100.0 % (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 $6.7 million and $6.5 million for the second quarters of 2024 and 2023, respectively, and $13.3 million and $13.7 million for the first six months of 2024 and 2023, respectively. The following table summarizes digital and print subscription revenues, which are components of subscription revenues above, for the second quarters and first six months ended June 30, 2024, and June 30, 2023: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 As % of total June 30, 2023 As % of total June 30, 2024 As % of total June 30, 2023 As % of total Digital-only subscription revenues (1) $ 304,501 69.3 % $ 269,774 65.9 % $ 597,479 68.8 % $ 528,541 65.5 % Print subscription revenues (2) 134,821 30.7 % 139,816 34.1 % 270,848 31.2 % 278,591 34.5 % Total subscription revenues $ 439,322 100.0 % $ 409,590 100.0 % $ 868,327 100.0 % $ 807,132 100.0 % (1) Includes revenue from bundled and standalone subscriptions to our news product, as well as to The Athletic and our Cooking, Games and Wirecutter products. (2) Includes domestic home-delivery subscriptions, which include access to our digital products. Also includes single-copy, NYT International and Other subscription revenues. The following table summarizes digital and print advertising revenues, which are components of advertising revenues above, for the second quarters and first six months ended June 30, 2024, and June 30, 2023: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 As % of total June 30, 2023 As % of total June 30, 2024 As % of total June 30, 2023 As % of total Advertising revenues: Digital $ 79,575 66.8 % $ 73,804 62.7 % $ 142,602 64.0 % $ 135,075 60.3 % Print 39,588 33.2 % 43,966 37.3 % 80,272 36.0 % 88,936 39.7 % Total advertising $ 119,163 100.0 % $ 117,770 100.0 % $ 222,874 100.0 % $ 224,011 100.0 %

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, and December 31, 2023: June 30, 2024 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 122,999 $ 1 $ (417) $ 122,583 Corporate debt securities 61,284 9 (306) 60,987 U.S. governmental agency securities 4,915 — (49) 4,866 Total short-term AFS securities $ 189,198 $ 10 $ (772) $ 188,436 Long-term AFS securities Corporate debt securities $ 168,460 $ 190 $ (384) $ 168,266 U.S. Treasury securities 144,705 39 (417) 144,327 Total long-term AFS securities $ 313,165 $ 229 $ (801) $ 312,593 December 31, 2023 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term AFS securities U.S. Treasury securities $ 48,721 $ 55 $ (667) $ 48,109 Corporate debt securities 109,891 6 (1,828) 108,069 U.S. governmental agency securities 6,000 — (84) 5,916 Total short-term AFS securities $ 164,612 $ 61 $ (2,579) $ 162,094 Long-term AFS securities Corporate debt securities $ 103,061 $ 886 $ (5) $ 103,942 U.S. Treasury securities 148,878 1,023 (42) 149,859 U.S. governmental agency securities 3,857 — (25) 3,832 Total long-term AFS securities $ 255,796 $ 1,909 $ (72) $ 257,633
Schedule of Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following tables represent the AFS securities as of June 30, 2024, and December 31, 2023, 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: June 30, 2024 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 U.S. Treasury securities $ 81,000 $ (128) $ 34,515 $ (289) $ 115,515 $ (417) Corporate debt securities 24,046 (50) 29,065 (256) 53,111 (306) U.S. governmental agency securities — — 4,866 (49) 4,866 (49) Total short-term AFS securities $ 105,046 $ (178) $ 68,446 $ (594) $ 173,492 $ (772) Long-term AFS securities Corporate debt securities $ 107,698 $ (384) $ — $ — $ 107,698 $ (384) U.S. Treasury securities 101,238 (417) — — 101,238 (417) Total long-term AFS securities $ 208,936 $ (801) $ — $ — $ 208,936 $ (801) December 31, 2023 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 U.S. Treasury securities $ 995 $ (1) $ 24,978 $ (666) $ 25,973 $ (667) Corporate debt securities 5,819 (5) 99,504 (1,823) 105,323 (1,828) U.S. governmental agency securities — — 5,916 (84) 5,916 (84) Total short-term AFS securities $ 6,814 $ (6) $ 130,398 $ (2,573) $ 137,212 $ (2,579) Long-term AFS securities Corporate debt securities $ 2,451 $ — $ 245 $ (5) $ 2,696 $ (5) U.S. Treasury securities 14,792 (36) 290 (6) 15,082 (42) U.S. governmental agency securities 3,832 (25) — — 3,832 (25) Total long-term AFS securities $ 21,075 $ (61) $ 535 $ (11) $ 21,610 $ (72)

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances	The changes in the carrying amount of goodwill as of June 30, 2024, and since December 31, 2022, were as follows: (In thousands) NYTG The Athletic Total Balance as of December 31, 2022 $ 162,686 $ 251,360 $ 414,046 Foreign currency translation 2,052 — 2,052 Balance as of December 31, 2023 164,738 251,360 416,098 Foreign currency translation (1,935) — (1,935) Balance as of June 30, 2024 $ 162,803 $ 251,360 $ 414,163
Schedule of Finite-Lived Intangible Assets	As of June 30, 2024 and December 31, 2023, the gross book value and accumulated amortization of the intangible assets with definite lives were as follows: June 30, 2024 (In thousands) Gross Book Value Accumulated Amortization Net Book Value Remaining Weighted-Average Useful Life (Years) Trademark $ 162,618 $ (21,951) $ 140,667 17.8 Existing subscriber base 136,500 (28,688) 107,812 9.7 Developed technology 38,401 (19,050) 19,351 2.7 Content archive 5,751 (4,444) 1,307 2.1 Total finite-lived intangibles $ 343,270 $ (74,133) $ 269,137 13.4 December 31, 2023 (In thousands) Gross Book Value Accumulated Amortization Net Book Value Remaining Weighted-Average Useful Life (Years) Trademark $ 162,618 $ (17,767) $ 144,851 18.3 Existing subscriber base 136,500 (23,062) 113,438 10.2 Developed technology 38,401 (15,381) 23,020 3.2 Content archive 5,751 (4,047) 1,704 2.5 Total finite-lived intangibles $ 343,270 $ (60,257) $ 283,013 13.7
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated aggregate amortization expense for the remainder of 2024 and each of the following fiscal years ending December 31 is presented below: (In thousands) Remainder of 2024 $ 13,603 2025 27,213 2026 26,960 2027 20,171 2028 19,335 Thereafter 161,855 Total amortization expense $ 269,137

Other (Tables)

Other (Tables)	6 Months Ended
	Jun. 30, 2024
Other Income and Expenses [Abstract]
Schedule of 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 Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Interest income $ 8,948 $ 4,754 $ 17,586 $ 8,165 Interest expense (252) (237) (503) (475) Total interest income and other, net $ 8,696 $ 4,517 $ 17,083 $ 7,690
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash	A reconciliation of cash, cash equivalents and restricted cash as of June 30, 2024, and June 30, 2023, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) June 30, 2024 June 30, 2023 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 222,946 $ 245,630 Restricted cash included within miscellaneous assets 14,060 14,107 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 237,006 $ 259,737
Schedule of Restrictions on Cash and Cash Equivalents	A reconciliation of cash, cash equivalents and restricted cash as of June 30, 2024, and June 30, 2023, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows: (In thousands) June 30, 2024 June 30, 2023 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 222,946 $ 245,630 Restricted cash included within miscellaneous assets 14,060 14,107 Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 237,006 $ 259,737

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024, and December 31, 2023: (In thousands) June 30, 2024 December 31, 2023 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Short-term AFS securities (1) U.S Treasury securities $ 122,583 $ — $ 122,583 $ — $ 48,109 $ — $ 48,109 $ — Corporate debt securities 60,987 — 60,987 — 108,069 — 108,069 — U.S. governmental agency securities 4,866 — 4,866 — 5,916 — 5,916 — Total short-term AFS securities $ 188,436 $ — $ 188,436 $ — $ 162,094 $ — $ 162,094 $ — Long-term AFS securities (1) Corporate debt securities $ 168,266 $ — $ 168,266 $ — $ 103,942 $ — $ 103,942 $ — U.S Treasury securities 144,327 — 144,327 — 149,859 — 149,859 — U.S. governmental agency securities — — — — 3,832 — 3,832 — Total long-term AFS securities $ 312,593 $ — $ 312,593 $ — $ 257,633 $ — $ 257,633 $ — Liabilities: Deferred compensation (2)(3) $ 12,512 $ 12,512 $ — $ — $ 13,752 $ 13,752 $ — $ — Contingent consideration (4) $ 3,561 $ — $ — $ 3,561 $ 4,991 $ — $ — $ 4,991 (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”), a frozen plan that 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 $54.4 million as of June 30, 2024, and $52.3 million as of December 31, 2023. 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. (4) The remaining contingent consideration balances (as discussed below) 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 .
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table presents changes in the contingent consideration balances for the second quarters and six months ended June 30, 2024, and June 30, 2023: Quarters Ended Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Balance at the beginning of the period $ 5,528 $ 4,392 $ 4,991 $ 5,324 Payments (1,724) — (1,724) (1,724) Fair value adjustments (1) (243) 1,072 294 1,864 Contingent consideration at the end of the period $ 3,561 $ 5,464 $ 3,561 $ 5,464 (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)	6 Months Ended
	Jun. 30, 2024
Pension Plan
Pension Benefits
Schedule of Components of Net Periodic Pension (Income)/Cost and Postretirement Benefit Cost	The components of net periodic pension (income)/cost were as follows: For the Quarters Ended June 30, 2024 June 30, 2023 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 1,541 $ — $ 1,541 $ 1,417 $ — $ 1,417 Interest cost 13,376 2,206 15,582 14,198 2,296 16,494 Expected return on plan assets (18,109) — (18,109) (19,122) — (19,122) Amortization of actuarial loss 2,603 997 3,600 663 890 1,553 Amortization of prior service credit (486) — (486) (486) — (486) Effect of settlement — (27) (27) — — — Net periodic pension (income)/cost $ (1,075) $ 3,176 $ 2,101 $ (3,330) $ 3,186 $ (144) For the Six Months Ended June 30, 2024 June 30, 2023 (In thousands) Qualified Non- All Qualified Non- All Service cost $ 3,082 $ — $ 3,082 $ 2,835 $ — $ 2,835 Interest cost 26,752 4,413 31,165 28,396 4,591 32,987 Expected return on plan assets (36,218) — (36,218) (38,245) — (38,245) Amortization of actuarial loss 5,206 1,994 7,200 1,327 1,780 3,107 Amortization of prior service credit (972) — (972) (972) — (972) Effect of settlement — (27) (27) — — — Net periodic pension (income)/cost $ (2,150) $ 6,380 $ 4,230 $ (6,659) $ 6,371 $ (288)
Other Postretirement Benefit Plan
Pension Benefits
Schedule of Components of Net Periodic Pension (Income)/Cost and Postretirement Benefit Cost	The components of net periodic postretirement benefit cost were as follows: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Service cost $ 4 $ 8 $ 8 $ 17 Interest cost 272 375 544 750 Amortization of actuarial loss 174 486 348 972 Net periodic postretirement benefit cost $ 450 $ 869 $ 900 $ 1,739

Supplemental Stockholders' Eq_2

Supplemental Stockholders' Equity Information (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following table summarizes the changes in AOCI by component as of June 30, 2024: (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 31, 2023 $ 910 $ (353,286) $ (486) $ (352,862) Other comprehensive loss before reclassifications, before tax (2,434) — (667) (3,101) Amounts reclassified from accumulated other comprehensive loss, before tax — 6,603 — 6,603 Income tax (benefit)/expense (637) 1,764 (175) 952 Net current-period other comprehensive (loss)/income, net of tax (1,797) 4,839 (492) 2,550 Balance as of June 30, 2024 $ (887) $ (348,447) $ (978) $ (350,312)
Schedule of Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the reclassifications from AOCI for the six months ended June 30, 2024: (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) $ (972) Other components of net periodic benefit costs/(income) Amortization of actuarial loss (1) 7,548 Other components of net periodic benefit costs/(income) Pension settlement charge 27 Other components of net periodic benefit costs/(income) Total reclassification, before tax (2) 6,603 Income tax expense 1,764 Income tax expense Total reclassification, net of tax $ 4,839 (1) These AOCI components are included in the computation of net periodic benefit (income)/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 June 30, 2024.
Schedule of 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 Six Months Ended (In thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Cost of revenue $ 4,196 $ 3,067 $ 8,150 $ 5,297 Sales and marketing 412 444 804 864 Product development 6,537 5,034 12,772 8,918 General and administrative 5,889 4,708 11,164 9,074 Total stock-based compensation expense $ 17,034 $ 13,253 $ 32,890 $ 24,153

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present segment information: For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 % Change June 30, 2024 June 30, 2023 % Change Revenues NYTG $ 585,156 $ 560,494 4.4 % $ 1,142,551 $ 1,093,276 4.5 % The Athletic 40,504 30,359 33.4 % 77,686 58,316 33.2 % Intersegment eliminations (1) (563) — * (1,125) — * Total revenues $ 625,097 $ 590,853 5.8 % $ 1,219,112 $ 1,151,592 5.9 % Adjusted operating profit (loss) NYTG $ 107,102 $ 99,969 7.1 % $ 191,848 $ 165,256 16.1 % The Athletic (2,402) (7,803) (69.2) % (11,094) (19,115) (42.0) % Total adjusted operating profit $ 104,700 $ 92,166 13.6 % $ 180,754 $ 146,141 23.7 % Less: Other components of net periodic benefit costs/(income) 1,023 (684) * 2,074 (1,369) * Depreciation and amortization 20,537 21,858 (6.0) % 41,243 42,698 (3.4) % Severance 1,473 713 * 5,901 4,493 31.3 % Multiemployer pension plan withdrawal costs 1,297 1,084 19.6 % 2,909 2,539 14.6 % Generative AI Litigation Costs 1,983 — * 2,972 — * Impairment charge — 12,736 * — 12,736 * Add: Interest income and other, net 8,696 4,517 * 17,083 7,690 * Income before income taxes $ 87,083 $ 60,976 42.8 % $ 142,738 $ 92,734 53.9 % (1) Intersegment eliminations (“I/E”) related to content licensing. * Represents a change equal to or in excess of 100% or not meaningful. Revenues detail by segment For the Quarters Ended For the Six Months Ended (In thousands) June 30, 2024 June 30, 2023 % Change June 30, 2024 June 30, 2023 % Change NYTG Subscription $ 410,015 $ 385,037 6.5 % $ 811,386 $ 759,193 6.9 % Advertising 112,088 112,329 (0.2) % 210,092 214,419 (2.0) % Other 63,053 63,128 (0.1) % 121,073 119,664 1.2 % Total $ 585,156 $ 560,494 4.4 % $ 1,142,551 $ 1,093,276 4.5 % The Athletic Subscription $ 29,307 $ 24,553 19.4 % $ 56,941 $ 47,939 18.8 % Advertising 7,075 5,441 30.0 % 12,782 9,592 33.3 % Other 4,122 365 * 7,963 785 * Total $ 40,504 $ 30,359 33.4 % $ 77,686 $ 58,316 33.2 % I/E (1) $ (563) $ — * $ (1,125) $ — * The New York Times Company Subscription $ 439,322 $ 409,590 7.3 % $ 868,327 $ 807,132 7.6 % Advertising 119,163 117,770 1.2 % 222,874 224,011 (0.5) % Other 66,612 63,493 4.9 % 127,911 120,449 6.2 % Total $ 625,097 $ 590,853 5.8 % $ 1,219,112 $ 1,151,592 5.9 % (1) Intersegment eliminations (“I/E”) related to content licensing recorded in Other revenues. * Represents a change equal to or in excess of 100% or not meaningful.

Basis of Presentation (Details)

Basis of Presentation (Details)	6 Months Ended
	Jun. 30, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

Revenue - Subscription, Adverti

Revenue - Subscription, Advertising, and Other Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 625,097	$ 590,853	$ 1,219,112	$ 1,151,592
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	$ 439,322	$ 409,590	$ 868,327	$ 807,132
Subscription | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	70.30%	69.30%	71.20%	70%
Advertising
Disaggregation of Revenue [Line Items]
Total revenues	$ 119,163	$ 117,770	$ 222,874	$ 224,011
Advertising | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	19.10%	19.80%	18.30%	19.50%
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 66,612	$ 63,493	$ 127,911	$ 120,449
Other | Product and service benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	10.60%	10.90%	10.50%	10.50%
Real Estate
Disaggregation of Revenue [Line Items]
Revenue not from contract with customer	$ 6,700	$ 6,500	$ 13,300	$ 13,700

Revenue - Digital-only Subscrip

Revenue - Digital-only Subscription Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 625,097	$ 590,853	$ 1,219,112	$ 1,151,592
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	$ 439,322	$ 409,590	$ 868,327	$ 807,132
Subscription | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	100%	100%	100%	100%
Subscription | Digital
Disaggregation of Revenue [Line Items]
Total revenues	$ 304,501	$ 269,774	$ 597,479	$ 528,541
Subscription | Digital | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	69.30%	65.90%	68.80%	65.50%
Subscription | Print
Disaggregation of Revenue [Line Items]
Total revenues	$ 134,821	$ 139,816	$ 270,848	$ 278,591
Subscription | Print | Subscription revenue benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	30.70%	34.10%	31.20%	34.50%

Revenue - Advertising Revenues

Revenue - Advertising Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total advertising	$ 625,097	$ 590,853	$ 1,219,112	$ 1,151,592
Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total			100%	100%
Advertising
Disaggregation of Revenue [Line Items]
Total advertising	$ 119,163	$ 117,770	$ 222,874	$ 224,011
Advertising | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	100%	100%
Digital | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total			64%	60.30%
Digital | Advertising
Disaggregation of Revenue [Line Items]
Total advertising	$ 79,575	$ 73,804	$ 142,602	$ 135,075
Digital | Advertising | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	66.80%	62.70%
Print | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total			36%	39.70%
Print | Advertising
Disaggregation of Revenue [Line Items]
Total advertising	$ 39,588	$ 43,966	$ 80,272	$ 88,936
Print | Advertising | Advertising benchmark | Product concentration risk
Disaggregation of Revenue [Line Items]
As % of total	33.20%	37.30%

Revenue - Performance Obligatio

Revenue - Performance Obligations (Details) $ in Millions	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 156
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 47
Remaining performance obligation, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 78
Remaining performance obligation, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 31
Remaining performance obligation, period	3 years

Revenue - Unexpired Subscriptio

Revenue - Unexpired Subscriptions (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Unexpired subscriptions revenue	$ 174,904	$ 172,772
Revenue recognized	$ 143,000

Revenue - Contract Assets (Deta

Revenue - Contract Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 3.1	$ 3.5

Marketable Securities - Narrati

Marketable Securities - Narrative (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Pre-tax net unrealized losses in other comprehensive income	$ 1,300,000	$ 700,000
OTTI loss recognized	$ 0	$ 0
Short-term Marketable Securities | Minimum
Line of Credit Facility [Line Items]
Remaining maturities on short-term and long-term marketable securities	1 month
Short-term Marketable Securities | Maximum
Line of Credit Facility [Line Items]
Remaining maturities on short-term and long-term marketable securities	12 months
Long-term Marketable Securities | Minimum
Line of Credit Facility [Line Items]
Remaining maturities on short-term and long-term marketable securities	13 months
Long-term Marketable Securities | Maximum
Line of Credit Facility [Line Items]
Remaining maturities on short-term and long-term marketable securities	27 months

Marketable Securities - Availab

Marketable Securities - Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Short-term AFS securities
Amortized cost, short-term AFS securities	$ 189,198	$ 164,612
Gross unrealized gains, short-term AFS securities	10	61
Gross unrealized losses, short-term AFS securities	(772)	(2,579)
Fair value, short-term AFS securities	188,436	162,094
Long-term AFS securities
Amortized cost, long-term AFS securities	313,165	255,796
Gross unrealized gains, long-term AFS securities	229	1,909
Gross unrealized losses, long-term AFS securities	(801)	(72)
Fair value, long-term AFS securities	312,593	257,633
U.S. Treasury securities
Short-term AFS securities
Amortized cost, short-term AFS securities	122,999	48,721
Gross unrealized gains, short-term AFS securities	1	55
Gross unrealized losses, short-term AFS securities	(417)	(667)
Fair value, short-term AFS securities	122,583	48,109
Long-term AFS securities
Amortized cost, long-term AFS securities	144,705	148,878
Gross unrealized gains, long-term AFS securities	39	1,023
Gross unrealized losses, long-term AFS securities	(417)	(42)
Fair value, long-term AFS securities	144,327	149,859
Corporate debt securities
Short-term AFS securities
Amortized cost, short-term AFS securities	61,284	109,891
Gross unrealized gains, short-term AFS securities	9	6
Gross unrealized losses, short-term AFS securities	(306)	(1,828)
Fair value, short-term AFS securities	60,987	108,069
Long-term AFS securities
Amortized cost, long-term AFS securities	168,460	103,061
Gross unrealized gains, long-term AFS securities	190	886
Gross unrealized losses, long-term AFS securities	(384)	(5)
Fair value, long-term AFS securities	168,266	103,942
U.S. governmental agency securities
Short-term AFS securities
Amortized cost, short-term AFS securities	4,915	6,000
Gross unrealized gains, short-term AFS securities	0	0
Gross unrealized losses, short-term AFS securities	(49)	(84)
Fair value, short-term AFS securities	$ 4,866	5,916
Long-term AFS securities
Amortized cost, long-term AFS securities		3,857
Gross unrealized gains, long-term AFS securities		0
Gross unrealized losses, long-term AFS securities		(25)
Fair value, long-term AFS securities		$ 3,832

Marketable Securities - Avail_2

Marketable Securities - Available-for-sale Securities - Continuous Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
U.S. Treasury securities
Short-term AFS securities
Fair value, less than 12 months, short-term AFS securities	$ 81,000	$ 995
Gross unrealized losses, less than 12 months, short-term AFS securities	(128)	(1)
Fair value, 12 months or greater, short-term AFS securities	34,515	24,978
Gross unrealized losses, 12 months or greater, short-term AFS securities	(289)	(666)
Fair value, short-term AFS securities	115,515	25,973
Gross unrealized losses, short-term AFS securities	(417)	(667)
Long-term AFS securities
Fair value, less than 12 months, long-term AFS securities	101,238	14,792
Gross unrealized losses, less than 12 months, long-term AFS securities	(417)	(36)
Fair value, 12 months or greater, long-term AFS securities	0	290
Gross unrealized losses, 12 months or greater, long-term AFS securities	0	(6)
Fair value, long-term AFS securities	101,238	15,082
Gross unrealized losses, long-term AFS securities	(417)	(42)
Corporate debt securities
Short-term AFS securities
Fair value, less than 12 months, short-term AFS securities	24,046	5,819
Gross unrealized losses, less than 12 months, short-term AFS securities	(50)	(5)
Fair value, 12 months or greater, short-term AFS securities	29,065	99,504
Gross unrealized losses, 12 months or greater, short-term AFS securities	(256)	(1,823)
Fair value, short-term AFS securities	53,111	105,323
Gross unrealized losses, short-term AFS securities	(306)	(1,828)
Long-term AFS securities
Fair value, less than 12 months, long-term AFS securities	107,698	2,451
Gross unrealized losses, less than 12 months, long-term AFS securities	(384)	0
Fair value, 12 months or greater, long-term AFS securities	0	245
Gross unrealized losses, 12 months or greater, long-term AFS securities	0	(5)
Fair value, long-term AFS securities	107,698	2,696
Gross unrealized losses, long-term AFS securities	(384)	(5)
U.S. governmental agency securities
Short-term AFS securities
Fair value, less than 12 months, short-term AFS securities	0	0
Gross unrealized losses, less than 12 months, short-term AFS securities	0	0
Fair value, 12 months or greater, short-term AFS securities	4,866	5,916
Gross unrealized losses, 12 months or greater, short-term AFS securities	(49)	(84)
Fair value, short-term AFS securities	4,866	5,916
Gross unrealized losses, short-term AFS securities	(49)	(84)
Long-term AFS securities
Fair value, less than 12 months, long-term AFS securities		3,832
Gross unrealized losses, less than 12 months, long-term AFS securities		(25)
Fair value, 12 months or greater, long-term AFS securities		0
Gross unrealized losses, 12 months or greater, long-term AFS securities		0
Fair value, long-term AFS securities		3,832
Gross unrealized losses, long-term AFS securities		(25)
Total short-term AFS securities
Short-term AFS securities
Fair value, less than 12 months, short-term AFS securities	105,046	6,814
Gross unrealized losses, less than 12 months, short-term AFS securities	(178)	(6)
Fair value, 12 months or greater, short-term AFS securities	68,446	130,398
Gross unrealized losses, 12 months or greater, short-term AFS securities	(594)	(2,573)
Fair value, short-term AFS securities	173,492	137,212
Gross unrealized losses, short-term AFS securities	(772)	(2,579)
Total long-term AFS securities
Long-term AFS securities
Fair value, less than 12 months, long-term AFS securities	208,936	21,075
Gross unrealized losses, less than 12 months, long-term AFS securities	(801)	(61)
Fair value, 12 months or greater, long-term AFS securities	0	535
Gross unrealized losses, 12 months or greater, long-term AFS securities	0	(11)
Fair value, long-term AFS securities	208,936	21,610
Gross unrealized losses, long-term AFS securities	$ (801)	$ (72)

Goodwill and Intangibles - Good

Goodwill and Intangibles - Goodwill Balances (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 416,098	$ 414,046
Foreign currency translation	(1,935)	2,052
Goodwill, ending balance	414,163	416,098
NYTG
Goodwill [Roll Forward]
Goodwill, beginning balance	164,738	162,686
Foreign currency translation	(1,935)	2,052
Goodwill, ending balance	162,803	164,738
The Athletic
Goodwill [Roll Forward]
Goodwill, beginning balance	251,360	251,360
Foreign currency translation	0	0
Goodwill, ending balance	$ 251,360	$ 251,360

Goodwill and Intangibles - Fini

Goodwill and Intangibles - Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Book Value	$ 343,270	$ 343,270
Accumulated Amortization	(74,133)	(60,257)
Net Book Value	$ 269,137	$ 283,013
Remaining Weighted-Average Useful Life (Years)	13 years 4 months 24 days	13 years 8 months 12 days
Trademark
Finite-Lived Intangible Assets [Line Items]
Gross Book Value	$ 162,618	$ 162,618
Accumulated Amortization	(21,951)	(17,767)
Net Book Value	$ 140,667	$ 144,851
Remaining Weighted-Average Useful Life (Years)	17 years 9 months 18 days	18 years 3 months 18 days
Existing subscriber base
Finite-Lived Intangible Assets [Line Items]
Gross Book Value	$ 136,500	$ 136,500
Accumulated Amortization	(28,688)	(23,062)
Net Book Value	$ 107,812	$ 113,438
Remaining Weighted-Average Useful Life (Years)	9 years 8 months 12 days	10 years 2 months 12 days
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Book Value	$ 38,401	$ 38,401
Accumulated Amortization	(19,050)	(15,381)
Net Book Value	$ 19,351	$ 23,020
Remaining Weighted-Average Useful Life (Years)	2 years 8 months 12 days	3 years 2 months 12 days
Content archive
Finite-Lived Intangible Assets [Line Items]
Gross Book Value	$ 5,751	$ 5,751
Accumulated Amortization	(4,444)	(4,047)
Net Book Value	$ 1,307	$ 1,704
Remaining Weighted-Average Useful Life (Years)	2 years 1 month 6 days	2 years 6 months

Goodwill and Intangibles - Narr

Goodwill and Intangibles - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Intangible assets, net	$ 271,614		$ 271,614		$ 285,490
Indefinite-lived intangible assets	2,500		2,500
The Athletic
Business Acquisition [Line Items]
Amortization expense	$ 6,800	$ 7,300	$ 13,900	$ 14,700

Goodwill and Intangibles - Futu

Goodwill and Intangibles - Future Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 13,603
2025	27,213
2026	26,960
2027	20,171
2028	19,335
Thereafter	161,855
Net Book Value	$ 269,137	$ 283,013

Investments - Non-Marketable Eq

Investments - Non-Marketable Equity Securities (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Equity securities	$ 29.6	$ 29.7

Other - Narrative (Details)

Other - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
	Jul. 27, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Other Expense [Line Items]
Severance costs		$ 1,473,000	$ 713,000	$ 5,901,000	$ 4,493,000
Severance liability		7,200,000		7,200,000		$ 4,400,000
Pre-tax litigation related costs		1,983,000	0	2,972,000	0
Severance | Selling, General and Administrative Expenses
Other Expense [Line Items]
Severance costs		1,500,000	700,000	5,900,000	4,500,000
Credit Facility | Amended Credit Facility
Other Expense [Line Items]
Unsecured revolving credit facility, maximum borrowing capacity	$ 350,000,000
Unsecured revolving credit facility, unused commitment fee (quarterly)	0.20%
Line of credit facility, outstanding borrowings		0		0		0
Letters of credit outstanding		600,000		600,000		$ 600,000
Capitalized Computer Software Costs
Other Expense [Line Items]
Capitalized computer software amortization		$ 1,700,000	$ 1,800,000	$ 3,600,000	$ 3,600,000

Other - Interest Income and Oth

Other - Interest Income and Other, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Abstract]
Interest income	$ 8,948	$ 4,754	$ 17,586	$ 8,165
Interest expense	(252)	(237)	(503)	(475)
Total interest income and other, net	$ 8,696	$ 4,517	$ 17,083	$ 7,690

Other - Reconciliation of Cash,

Other - Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	$ 222,946	$ 289,472	$ 245,630
Restricted cash included within miscellaneous assets	14,060		14,107
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 237,006	$ 303,172	$ 259,737	$ 235,173

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	$ 188,436	$ 162,094
Long-term AFS securities	312,593	257,633
Deferred compensation plan assets	54,400	52,300
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	122,583	48,109
Long-term AFS securities	144,327	149,859
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	60,987	108,069
Long-term AFS securities	168,266	103,942
Estimate of Fair Value Measurement | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	12,512	13,752
Contingent consideration	3,561	4,991
Estimate of Fair Value Measurement | Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	12,512	13,752
Contingent consideration	0	0
Estimate of Fair Value Measurement | Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Contingent consideration	0	0
Estimate of Fair Value Measurement | Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation	0	0
Contingent consideration	3,561	4,991
Estimate of Fair Value Measurement | Recurring | Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	188,436	162,094
Long-term AFS securities	312,593	257,633
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | Recurring | Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	188,436	162,094
Long-term AFS securities	312,593	257,633
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | Recurring | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	122,583	48,109
Long-term AFS securities	144,327	149,859
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | Recurring | U.S. Treasury securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	122,583	48,109
Long-term AFS securities	144,327	149,859
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | Recurring | Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	60,987	108,069
Long-term AFS securities	168,266	103,942
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | Recurring | Corporate debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	60,987	108,069
Long-term AFS securities	168,266	103,942
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | Recurring | U.S. governmental agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term AFS securities	4,866	5,916
Long-term AFS securities	0	3,832
Estimate of Fair Value Measurement | 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
Estimate of Fair Value Measurement | 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	4,866	5,916
Long-term AFS securities	0	3,832
Estimate of Fair Value Measurement | 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

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Contingent consideration redemption period (in years)	5 years

Fair Value Measurements - Chang

Fair Value Measurements - Change in Balance of Contingent Consideration (Details) - Contingent Consideration - Recurring - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at the beginning of the period	$ 5,528	$ 4,392	$ 4,991	$ 5,324
Payments	(1,724)	0	(1,724)	(1,724)
Fair value adjustments	(243)	1,072	294	1,864
Contingent consideration at the end of the period	$ 3,561	$ 5,464	$ 3,561	$ 5,464

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Pension Benefits - Net Periodic Pension (Income)/Cost (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension Benefits
Service cost	$ 1,541	$ 1,417	$ 3,082	$ 2,835
Interest cost	15,582	16,494	31,165	32,987
Expected return on plan assets	(18,109)	(19,122)	(36,218)	(38,245)
Amortization of actuarial loss	3,600	1,553	7,200	3,107
Amortization of prior service credit	(486)	(486)	(972)	(972)
Effect of settlement	(27)	0	(27)	0
Net periodic pension (income)/cost or postretirement benefit cost	2,101	(144)	4,230	(288)
Qualified Plans
Pension Benefits
Service cost	1,541	1,417	3,082	2,835
Interest cost	13,376	14,198	26,752	28,396
Expected return on plan assets	(18,109)	(19,122)	(36,218)	(38,245)
Amortization of actuarial loss	2,603	663	5,206	1,327
Amortization of prior service credit	(486)	(486)	(972)	(972)
Effect of settlement	0	0	0	0
Net periodic pension (income)/cost or postretirement benefit cost	(1,075)	(3,330)	(2,150)	(6,659)
Non- Qualified Plans
Pension Benefits
Service cost	0	0	0	0
Interest cost	2,206	2,296	4,413	4,591
Expected return on plan assets	0	0	0	0
Amortization of actuarial loss	997	890	1,994	1,780
Amortization of prior service credit	0	0	0	0
Effect of settlement	(27)	0	(27)	0
Net periodic pension (income)/cost or postretirement benefit cost	$ 3,176	$ 3,186	$ 6,380	$ 6,371

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Narrative (Details) - Pension Plan - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pension Benefits
Pension contributions	$ 6.3	$ 4.5
Expected future employer contributions	$ 12

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits - Other Postretirement Benefits (Details) - Other Postretirement Benefit Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension Benefits
Service cost	$ 4	$ 8	$ 8	$ 17
Interest cost	272	375	544	750
Amortization of actuarial loss	174	486	348	972
Net periodic pension (income)/cost or postretirement benefit cost	$ 450	$ 869	$ 900	$ 1,739

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 21,543	$ 14,402	$ 36,781	$ 23,839
Effective income tax rate	24.70%	23.60%	25.80%	25.70%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,000,000	300,000	1,100,000	500,000
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)	0	200,000	0	1,700,000
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

Supplemental Stockholders' Eq_3

Supplemental Stockholders' Equity Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		29 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Feb. 28, 2023	Feb. 28, 2022
Class of Stock [Line Items]
Stock repurchase program, authorized amount						$ 250,000	$ 150,000
Share repurchases	$ 9,557	$ 12,871	$ 42,266	$ 43,591
Stock repurchase program, remaining authorized repurchase amount	$ 208,500		208,500		$ 208,500
Class A Common Stock
Class of Stock [Line Items]
Share repurchases			$ 42,000		$ 191,500

Supplemental Stockholders' Eq_4

Supplemental Stockholders' Equity Information - Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	$ 1,747,962	$ 1,576,790	$ 1,763,219	$ 1,599,972
Other comprehensive loss before reclassifications, before tax			(3,101)
Amounts reclassified from accumulated other comprehensive loss, before tax			6,603
Income tax (benefit)/expense			952
Net current-period other comprehensive (loss)/income, net of tax	2,047	2,456	2,550	6,165
Balance, end of period	1,804,986	1,607,220	1,804,986	1,607,220
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			910
Other comprehensive loss before reclassifications, before tax			(2,434)
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax (benefit)/expense			(637)
Net current-period other comprehensive (loss)/income, net of tax			(1,797)
Balance, end of period	(887)		(887)
Funded Status of Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(353,286)
Other comprehensive loss before reclassifications, before tax			0
Amounts reclassified from accumulated other comprehensive loss, before tax			6,603
Income tax (benefit)/expense			1,764
Net current-period other comprehensive (loss)/income, net of tax			4,839
Balance, end of period	(348,447)		(348,447)
Net Unrealized Loss on Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(486)
Other comprehensive loss before reclassifications, before tax			(667)
Amounts reclassified from accumulated other comprehensive loss, before tax			0
Income tax (benefit)/expense			(175)
Net current-period other comprehensive (loss)/income, net of tax			(492)
Balance, end of period	(978)		(978)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(352,359)	(354,138)	(352,862)	(357,847)
Net current-period other comprehensive (loss)/income, net of tax	2,047	2,456	2,550	6,165
Balance, end of period	$ (350,312)	$ (351,682)	$ (350,312)	$ (351,682)

Supplemental Stockholders' Eq_5

Supplemental Stockholders' Equity Information - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other components of net periodic benefit (costs)/income	$ 1,023	$ (684)	$ 2,074	$ (1,369)
Total reclassification, before tax	(87,083)	(60,976)	(142,738)	(92,734)
Income tax expense	(21,543)	(14,402)	(36,781)	(23,839)
Total reclassification, net of tax	$ (65,540)	$ (46,574)	(105,957)	$ (68,895)
Amounts reclassified from accumulated other comprehensive loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification, before tax			6,603
Income tax expense			1,764
Total reclassification, net of tax			4,839
Amounts reclassified from accumulated other comprehensive loss | Amortization of prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other components of net periodic benefit (costs)/income			(972)
Amounts reclassified from accumulated other comprehensive loss | Amortization of actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other components of net periodic benefit (costs)/income			7,548
Amounts reclassified from accumulated other comprehensive loss | Pension settlement charge
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other components of net periodic benefit (costs)/income			$ 27

Supplemental Stockholders' Eq_6

Supplemental Stockholders' Equity Information - Total Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 17,034	$ 13,253	$ 32,890	$ 24,153
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	4,196	3,067	8,150	5,297
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	412	444	804	864
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	6,537	5,034	12,772	8,918
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 5,889	$ 4,708	$ 11,164	$ 9,074

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2024 segment
Segment Reporting Information [Line Items]
Number of reportable segments	2
The Athletic | Subscription
Segment Reporting Information [Line Items]
Percentage of revenue allocation	10%
The Athletic | Product Development, Marketing and Subscriber Servicing Expenses
Segment Reporting Information [Line Items]
Percentage of revenue allocation	10%

Segment Information - Segment I

Segment Information - Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Total revenues	$ 625,097	$ 590,853	$ 1,219,112	$ 1,151,592
Revenues, percent change	0.058		0.059
Total adjusted operating profit	$ 104,700	92,166	$ 180,754	146,141
Adjusted operating profit, percent change	0.136		0.237
Other components of net periodic benefit costs/(income)	$ 1,023	(684)	$ 2,074	(1,369)
Depreciation and amortization	$ 20,537	21,858	$ 41,243	42,698
Depreciation and amortization, percent change	(0.060)		(0.034)
Severance	$ 1,473	713	$ 5,901	4,493
Severance, percent change			31.30%
Multiemployer pension plan withdrawal costs	$ 1,297	1,084	$ 2,909	2,539
Multiemployer pension plan withdrawal costs, percent change	0.196		0.146
Generative AI Litigation Costs	$ 1,983	0	$ 2,972	0
Impairment charge	0	12,736	0	12,736
Interest income and other, net	8,696	4,517	17,083	7,690
Income before income taxes	$ 87,083	60,976	$ 142,738	92,734
Income before income taxes, percent change	42.80%		53.90%
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	$ (563)	0	$ (1,125)	0
NYTG | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 585,156	560,494	$ 1,142,551	1,093,276
Revenues, percent change	0.044		0.045
Total adjusted operating profit	$ 107,102	99,969	$ 191,848	165,256
Adjusted operating profit, percent change	0.071		0.161
The Athletic | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 40,504	30,359	$ 77,686	58,316
Revenues, percent change	0.334		0.332
Total adjusted operating profit	$ (2,402)	$ (7,803)	$ (11,094)	$ (19,115)
Adjusted operating profit, percent change	(0.692)		(0.420)

Segment Information - Revenues

Segment Information - Revenues Detail by Segment (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Total revenues	$ 625,097	$ 590,853	$ 1,219,112	$ 1,151,592
Revenues, percent change	0.058		0.059
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenues	$ (563)	0	$ (1,125)	0
Subscription
Segment Reporting Information [Line Items]
Total revenues	$ 439,322	409,590	$ 868,327	807,132
Revenues, percent change	0.073		0.076
Advertising
Segment Reporting Information [Line Items]
Total revenues	$ 119,163	117,770	$ 222,874	224,011
Revenues, percent change	0.012		(0.005)
Other
Segment Reporting Information [Line Items]
Total revenues	$ 66,612	63,493	$ 127,911	120,449
Revenues, percent change	0.049		0.062
NYTG | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 585,156	560,494	$ 1,142,551	1,093,276
Revenues, percent change	0.044		0.045
NYTG | Subscription | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 410,015	385,037	$ 811,386	759,193
Revenues, percent change	0.065		0.069
NYTG | Advertising | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 112,088	112,329	$ 210,092	214,419
Revenues, percent change	(0.002)		(0.020)
NYTG | Other | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 63,053	63,128	$ 121,073	119,664
Revenues, percent change	(0.001)		0.012
The Athletic | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 40,504	30,359	$ 77,686	58,316
Revenues, percent change	0.334		0.332
The Athletic | Subscription | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 29,307	24,553	$ 56,941	47,939
Revenues, percent change	0.194		0.188
The Athletic | Advertising | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 7,075	5,441	$ 12,782	9,592
Revenues, percent change	0.300		0.333
The Athletic | Other | Operating Segments
Segment Reporting Information [Line Items]
Total revenues	$ 4,122	$ 365	$ 7,963	$ 785