PRICING SUPPLEMENT NO. 1 DATED OCTOBER 5, 1998 TO PROSPECTUS DATED AUGUST 28,
1998 AND PROSPECTUS SUPPLEMENT DATED SEPTEMBER 24, 1998
 
                           THE NEW YORK TIMES COMPANY
                               MEDIUM-TERM NOTES
                                  (FIXED RATE)
                  DUE MORE THAN NINE MONTHS FROM DATE OF ISSUE
 

                                                                                        
PRINCIPAL AMOUNT: $49,500,000
PRICE TO PUBLIC: 100.00%
AGENT'S COMMISSION: 0.5%
NET PROCEEDS TO ISSUER: $49,252,500
SELLING AGENTS: MORGAN STANLEY DEAN WITTER, CHASE SECURITIES INC., SALOMON SMITH BARNEY
ORIGINAL ISSUE DATE: OCTOBER 8, 1998
INTEREST RATE: 5.00%
INTEREST PAYMENT DATES: FEBRUARY 15 AND AUGUST 15, COMMENCING FEBRUARY 15, 1999
STATED MATURITY DATE: OCTOBER 8, 2003
REGULAR RECORD DATES: FEBRUARY 1 AND AUGUST 1
SPECIFIED CURRENCY: U.S. DOLLARS
 
REDEEMABLE BY THE COMPANY: NO
REDEMPTION COMMENCEMENT DATE: NOT APPLICABLE
REDEMPTION PRICE: NOT APPLICABLE
REDEMPTION PERIOD: NOT APPLICABLE
 
REPAYABLE AT THE OPTION OF HOLDER: NO
REPAYMENT DATES: NOT APPLICABLE
REPAYMENT PRICES: NOT APPLICABLE
 
FORM:
/X/ Global Note          / / Certificated
 
DISCOUNT RATE: NONE
DEFAULT RATE: NONE
 
OTHER PROVISIONS:

 
   The aggregate principal amount of this offering is $49,500,000 and relates
   only to Pricing Supplement No. 1. Notes may be issued by The New York Times
   Company in the aggregate principal amount of up to $300,000,000 or its
   equivalent in one or more currencies or composite currencies. To date,
   including this offering, an aggregate of $49,500,000 of Notes is outstanding.