NYT Filings — The New York Times Company - FilingSpy
NYT
The New York Times Company
A global media company built around its namesake newspaper, The New York Times, plus interest-specific digital products like The Athletic, Cooking, Games, and Wirecutter — offered alone or in a bundle to millions of subscribers worldwide. It was founded in 1851 as the New-York Daily Times and came under the control of Adolph Ochs in 1896, who coined its famous motto "All the News That's Fit to Print." A fun quirk: the company resisted crosswords for decades as a "passing fad" before launching one in 1942 — today its games draw so many daily players that staff joke it's become a gaming company that also happens to offer news.
New York Times Q1 2026 revenue up 12% to $712.2M, operating profit up 54.5% to $90.6M
Total revenues increased 12.0% year-over-year to $712.2 million in Q1 2026.
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Digital-only subscription revenues grew 16.1% to $389.0 million, with 310,000 net digital-only subscriber additions, reaching 13.08 million total subscribers.
Digital advertising revenues rose 31.6% to $93.3 million.
Operating profit increased 54.5% to $90.6 million, with diluted EPS of $0.54.
Q2 2026 guidance: digital-only subscription revenues up 14-17%, total subscription revenues up 10-12%, adjusted operating costs up 8-9%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
New York Times shareholders elect all director nominees and ratify Ernst & Young at 2026 annual meeting
All management director nominees were elected, with Class A and Class B stockholders voting separately.
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The New York Times Company held its annual meeting of stockholders on April 22, 2026.
Class A votes for directors ranged from 115,969,988 (Brian P. McAndrews) to 140,115,140 (Amanpal S. Bhutani), with broker non-votes of 9,368,886.
Class B stockholders voted 754,431 for each director nominee, with no votes against or withheld.
Stockholders ratified Ernst & Young LLP as independent auditors for fiscal year 2026 (148,898,115 for, 2,633,409 against, 540,212 abstain) and approved the advisory executive compensation resolution (754,431 for, 0 against).
5.07 Submission of Matters to a Vote of Security Holders
NYT adopts Executive Severance Plan and amends CEO employment agreement on Jan 15, 2026.
The New York Times Company adopted an Executive Severance Plan on January 15, 2026, covering eligible executives including named executive officers, but excluding CEO Meredith Kopit Levien.
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The Severance Plan provides cash severance, pro-rated annual incentives, health coverage, and outplacement services for qualifying terminations without cause.
Enhanced severance benefits are provided for Executive Committee members upon a qualifying termination or good reason resignation within 12 months following a change in control.
The Company amended CEO Meredith Kopit Levien's employment agreement to lengthen the non-solicitation period from 15 to 18 months and update the non-competition scope.
The amendment adds change-in-control severance for Ms. Kopit Levien, including two times base salary, two times target bonus, and 24 months of COBRA premiums.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
New York Times enters $400M revolving credit agreement due 2030
The New York Times Company, as borrower, entered into an unsecured Second Amended and Restated Credit Agreement dated June 13, 2025.
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The credit agreement provides up to $400.0 million in revolving credit loans through June 13, 2030, with no initial borrowing.
Bank of America, N.A. serves as Administrative Agent, Swing Line Lender and L/C Issuer; JPMorgan Chase, U.S. Bank, and Wells Fargo are Co-Syndication Agents.
The agreement includes a financial covenant requiring a Consolidated Leverage Ratio of not more than 3.50:1.00, with a possible increase to 4.00:1.00 after a Material Acquisition.
The credit agreement replaces the prior Amended and Restated Credit Agreement dated July 27, 2022.
Certain domestic subsidiaries guarantee the company's obligations under the credit agreement.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits