NEW YORK TIMES CO

18. Subsequent Events

Quarterly Dividend and New Share Repurchase Program

In February 2025, our Board of Directors approved a quarterly dividend of $0.18 per share on our Class A and Class B Common Stock, an increase of $0.05 per share from the previous quarter. The dividend is payable on April 17, 2025, to stockholders of record as of the close of business on April 1, 2025.

The Board of Directors also approved a new $350.0 million Class A share repurchase program in February 2025. 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. There is no expiration date with respect to this authorization. This 2025 authorization is in addition to the amount remaining under the 2023 authorization – see Note 14 for more details.

College Point Land Sale

On February 21, 2025, we finalized the sale of approximately four acres of land at our printing and distribution facility in College Point, N.Y., and collected net proceeds of approximately $33 million – see Note 16 for more details.

THE NEW YORK TIMES COMPANY – P. 113