NEW YORK TIMES CO
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
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Item 1A. Risk Factors
There have been no material changes to our risk factors as set forth in “Item 1A—Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024.
(c) Issuer Purchases of Equity Securities
The Board of Directors approved Class A stock repurchase programs in February 2022 ($150.0 million), February 2023 ($250.0 million) and February 2025 ($350.0 million). 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 March 31, 2025, repurchases under these authorizations totaled approximately $293.5 million (excluding commissions and excise taxes), leaving approximately $456.5 million remaining under the 2023 and 2025 authorizations.
| Period | Total numbers of shares of Class A Common Stock purchased | Average price paid per share of Class A Common Stock | Total number of shares of Class A Common Stock purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares of Class A Common Stock that may yet be purchased under the plans or programs |
|---|---|---|---|---|
| January 1, 2025 – January 31, 2025 | 184,363 | $53.10 | 184,363 | $155,679,000 |
| February 1, 2025 – February 28, 2025 | 714,023 | $49.71 | 714,023 | $470,185,000 |
| March 1, 2025 – March 31, 2025 | 281,800 | $48.43 | 281,800 | $456,536,000 |
| Total for the first quarter of 2025 | 1,180,186 | $49.96 | 1,180,186 | $456,536,000 |
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