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NEW YORK TIMES CO

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

NYT$68.36+4.3%Stored close · as of Nov 6, 2026
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

☑ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the fiscal year ended December 31, 2023

☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ___ to ___

Commission file number 1-5837

THE NEW YORK TIMES COMPANY

(Exact name of registrant as specified in its charter)

New York13-1102020
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)
620 Eighth Avenue,New York,New York10018
(Address and zip code of principal executive offices)

Registrant’s telephone number, including area code:(212)556-1234

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock of $.10 par valueNYTNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: Not Applicable

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by the check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑

The aggregate worldwide market value of Class A Common Stock held by non-affiliates, based on the closing price on June 30, 2023, the last business day of the registrant’s most recently completed second quarter, as reported on the New York Stock Exchange, was approximately $6.3 billion. As of such date, non-affiliates held 36,758 shares of Class B Common Stock. There is no active market for such stock.

The number of outstanding shares of each class of the registrant’s common stock as of February 14, 2024 (exclusive of treasury shares) was as follows:163,318,468 shares of Class A Common Stock and 780,724 shares of Class B Common Stock.

Documents incorporated by reference

Portions of the Proxy Statement relating to the registrant’s 2024 Annual Meeting of Stockholders, to be held on April 24, 2024, are incorporated by reference into Part III of this report.

ITEM NO.
PART IForward-Looking Statements1
1Business1
Overview1
Our Strategy2
Products4
Subscribers and Audience4
Advertising5
Other Businesses5
Competition5
Print Production and Distribution6
Human Capital7
Available Information9
1ARisk Factors10
1BUnresolved Staff Comments25
1CCybersecurity25
2Properties26
3Legal Proceedings26
4Mine Safety Disclosures26
Executive Officers of the Registrant27
PART II5Market for the Registrant’s Common Equity, Related StockholderMatters and Issuer Purchases of Equity Securities28
6[Reserved]29
7Management’s Discussion and Analysis ofFinancial Condition and Results of Operations30
7AQuantitative and Qualitative Disclosures About Market Risk57
8Financial Statements and Supplementary Data58
9Changes in and Disagreements with Accountants onAccounting and Financial Disclosure119
9AControls and Procedures119
9BOther Information119
9CDisclosures Regarding Foreign Jurisdictions that Prevent Inspections119
PART III10Directors, Executive Officers and Corporate Governance120
11Executive Compensation120
12Security Ownership of Certain Beneficial Owners andManagement and Related Stockholder Matters120
13Certain Relationships and Related Transactions, and Director Independence120
14Principal Accountant Fees and Services120
PART IV15Exhibits and Financial Statement Schedules121
Signatures125
ContentsView on SEC.gov

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