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PENSION AND OTHER POSTRETIREMENT BENEFITS
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS PENSION AND OTHER POSTRETIREMENT BENEFITS
Pension
Single-Employer Plans
We maintain The New York Times Companies Pension Plan, a frozen single-employer defined benefit pension plan. The Company also jointly sponsors a defined benefit plan with The NewsGuild of New York known as the Guild-Times Adjustable Pension Plan (the “APP”) that continues to accrue active benefits.
We also have a foreign-based pension plan for certain employees (the “foreign plan”). The information for the foreign plan is combined with the information for U.S. non-qualified plans. The benefit obligation of the foreign plan is immaterial to our total benefit obligation.
The components of net periodic pension cost/(income) were as follows:
For the Quarters Ended
 September 30, 2025September 30, 2024
(In thousands)Qualified
Plans		Non-
Qualified
Plans		All
Plans		Qualified
Plans		Non-
Qualified
Plans		All
Plans
Service cost$1,661 $— $1,661 $1,541 $— $1,541 
Interest cost 13,217 2,076 15,293 13,376 2,206 15,582 
Expected return on plan assets (15,282)— (15,282)(18,109)— (18,109)
Amortization of actuarial loss 4,026 866 4,892 2,603 997 3,600 
Amortization of prior service credit (486)— (486)(486)— (486)
Net periodic pension cost/(income)$3,136 $2,942 $6,078 $(1,075)$3,203 $2,128 
For the Nine Months Ended
September 30, 2025September 30, 2024
(In thousands)Qualified
Plans		Non-
Qualified
Plans		All
Plans		Qualified
Plans		Non-
Qualified
Plans		All
Plans
Service cost$4,983 $— $4,983 $4,623 $— $4,623 
Interest cost39,651 6,229 45,880 40,128 6,619 46,747 
Expected return on plan assets(45,846)— (45,846)(54,327)— (54,327)
Amortization of actuarial loss12,078 2,597 14,675 7,809 2,991 10,800 
Amortization of prior service credit(1,458)— (1,458)(1,459)— (1,459)
Effect of settlement— — — — (27)(27)
Net periodic pension cost/(income)$9,408 $8,826 $18,234 $(3,226)$9,583 $6,357 
During the first nine months of 2025 and 2024, we made pension contributions of $9.4 million and $9.7 million, respectively, to the APP. We expect contributions made to satisfy the greater of minimum funding or collective bargaining agreement requirements to total approximately $13 million in 2025.
As part of our strategy to reduce our pension obligations and the resulting impact on our overall financial position, we have offered lump-sum payments to certain participants in both our qualified and non-qualified pension plans. In the third quarter of 2025, the Company extended a voluntary offer to certain active employees who participate in The New York Times Companies Pension Plan to elect immediate lump-sum payments. The election period for this voluntary offer closes on November 14, 2025.
Multiemployer Plans
During the first quarter of 2025, the Company recorded a $4.5 million charge related to a multiemployer pension plan liability adjustment. This adjustment is recorded in Multiemployer pension plan liability adjustment in our Condensed Consolidated Statements of Operations.
Other Postretirement Benefits
The components of net periodic postretirement benefit cost were as follows:
For the Quarters EndedFor the Nine Months Ended
(In thousands)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Service cost$4 $4 $10 $12 
Interest cost 203 272 611 816 
Amortization of actuarial loss — 174 — 522 
Net periodic postretirement benefit cost$207 $450 $621 $1,350