v3.25.2
PENSION AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 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
 June 30, 2025June 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)
Effect of settlement— — — — (27)(27)
Net periodic pension cost/(income)$3,136 $2,942 $6,078 $(1,075)$3,176 $2,101 
For the Six Months Ended
June 30, 2025June 30, 2024
(In thousands)Qualified
Plans		Non-
Qualified
Plans		All
Plans		Qualified
Plans		Non-
Qualified
Plans		All
Plans
Service cost$3,322 $— $3,322 $3,082 $— $3,082 
Interest cost26,434 4,153 30,587 26,752 4,413 31,165 
Expected return on plan assets(30,564)— (30,564)(36,218)— (36,218)
Amortization of actuarial loss8,052 1,731 9,783 5,206 1,994 7,200 
Amortization of prior service credit(972)— (972)(972)— (972)
Effect of settlement— — — — (27)(27)
Net periodic pension cost/(income)$6,272 $5,884 $12,156 $(2,150)$6,380 $4,230 
During the first six months of 2025 and 2024, we made pension contributions of $6.4 million and $6.3 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.
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 Six Months Ended
(In thousands)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Service cost$3 $4 $6 $8 
Interest cost 204 272 408 544 
Amortization of actuarial loss — 174 — 348 
Net periodic postretirement benefit cost$207 $450 $414 $900