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Pension and Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2023
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 (income)/cost were as follows:
For the Quarters Ended
 September 30, 2023September 25, 2022
(In thousands)Qualified
Plans		Non-
Qualified
Plans		All
Plans		Qualified
Plans		Non-
Qualified
Plans		All
Plans
Service cost$1,417 $— $1,417 $2,882 $— $2,882 
Interest cost 14,198 2,296 16,494 8,837 1,284 10,121 
Expected return on plan assets (19,122)— (19,122)(13,807)— (13,807)
Amortization of actuarial loss 663 890 1,553 3,266 1,643 4,909 
Amortization of prior service credit (486)— (486)(486)— (486)
Net periodic pension (income)/cost$(3,330)$3,186 $(144)$692 $2,927 $3,619 
For the Nine Months Ended
 September 30, 2023September 25, 2022
(In thousands)Qualified
Plans		Non-
Qualified
Plans		All
Plans		Qualified
Plans		Non-
Qualified
Plans		All
Plans
Service cost$4,252 $— $4,252 $8,645 $— $8,645 
Interest cost 42,595 6,887 49,482 26,512 3,853 30,365 
Expected return on plan assets (57,367)— (57,367)(41,422)— (41,422)
Amortization of actuarial loss 1,991 2,669 4,660 9,799 4,929 14,728 
Amortization of prior service credit (1,459)— (1,459)(1,459)— (1,459)
Net periodic pension (income)/cost$(9,988)$9,556 $(432)$2,075 $8,782 $10,857 
During the first nine months of 2023 and 2022, we made pension contributions of $7.7 million and $7.5 million, respectively, to the APP. We expect to make contractual contributions in 2023 of approximately $10 million, which more than satisfy minimum funding requirements.
As part of our strategy to reduce the pension obligations and the resulting impact on our overall financial position, we have offered lump-sum payments to certain former employees participating in both our qualified and non-qualified pension plans. In the third quarter of 2023, the Company extended a voluntary offer to certain former employees who participated 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, 2023.
Multiemployer Plans
During the third quarters of 2023 and 2022, we recorded favorable adjustments of $2.3 million and $7.1 million, respectively, related to a reduction to our multiemployer pension plan liability. These adjustments were 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, 2023September 25, 2022September 30, 2023September 25, 2022
Service cost$8 $11 $25 $34 
Interest cost 375 183 1,126 548 
Amortization of actuarial loss 486 823 1,455 2,470 
Amortization of prior service credit — — — (368)
Net periodic postretirement benefit cost$869 $1,017 $2,606 $2,684