NEW YORK TIMES CO
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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.
FY2025 · Filed Feb 27, 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, 2025
☐ 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 York | 13-1102020 | ||||
|---|---|---|---|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) | ||||
| 620 Eighth Avenue, | New York, | New York | 10018 | ||
| (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 class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Class A Common Stock of $.10 par value | NYT | New 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, 2025, the last business day of the registrant’s most recently completed second quarter, as reported on the New York Stock Exchange, was approximately $9.0 billion. As of such date, non-affiliates held 37,883 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 18, 2026 (exclusive of treasury shares) was as follows:160,457,961 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 2026 Annual Meeting of Stockholders, to be held on April 22, 2026, are incorporated by reference into Part III of this report.
| ITEM NO. | ||||||
|---|---|---|---|---|---|---|
| PART I | Forward-Looking Statements | 1 | ||||
| 1 | Business | 1 | ||||
| 1A | Risk Factors | 10 | ||||
| 1B | Unresolved Staff Comments | 25 | ||||
| 1C | Cybersecurity | 25 | ||||
| 2 | Properties | 26 | ||||
| 3 | Legal Proceedings | 26 | ||||
| 4 | Mine Safety Disclosures | 27 | ||||
| Executive Officers of the Registrant | 28 | |||||
| PART II | 5 | Market for the Registrant’s Common Equity, Related StockholderMatters and Issuer Purchases of Equity Securities | 29 | |||
| 6 | [Reserved] | 30 | ||||
| 7 | Management’s Discussion and Analysis ofFinancial Condition and Results of Operations | 31 | ||||
| 7A | Quantitative and Qualitative Disclosures About Market Risk | 54 | ||||
| 8 | Financial Statements and Supplementary Data | 55 | ||||
| 9 | Changes in and Disagreements with Accountants onAccounting and Financial Disclosure | 109 | ||||
| 9A | Controls and Procedures | 109 | ||||
| 9B | Other Information | 109 | ||||
| 9C | Disclosures Regarding Foreign Jurisdictions that Prevent Inspections | 109 | ||||
| PART III | 10 | Directors, Executive Officers and Corporate Governance | 110 | |||
| 11 | Executive Compensation | 110 | ||||
| 12 | Security Ownership of Certain Beneficial Owners andManagement and Related Stockholder Matters | 110 | ||||
| 13 | Certain Relationships and Related Transactions, and Director Independence | 110 | ||||
| 14 | Principal Accountant Fees and Services | 110 | ||||
| PART IV | 15 | Exhibits and Financial Statement Schedules | 111 | |||
| Signatures | 116 | |||||
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