Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present segment information:

	For the Quarters Ended						For the Nine Months Ended
(In thousands)	September 30, 2023		September 25, 2022 (1)		% Change		September 30, 2023		September 25, 2022 (1)		% Change
Revenues
NYTG	$	563,903	$	524,061	7.6	%	$	1,657,179	$	1,585,463	4.5	%
The Athletic	34,442		23,619		45.8	%	92,758		55,322		67.7	%
Total revenues	$	598,345	$	547,680	9.3	%	$	1,749,937	$	1,640,785	6.7	%
Adjusted operating profit (loss)
NYTG	$	97,654	$	81,030	20.5	%	$	262,911	$	237,572	10.7	%
The Athletic	(7,899)		(12,053)		(34.5)	%	(27,016)		(31,473)		(14.2)	%
Total adjusted operating profit	$	89,755	$	68,977	30.1	%	$	235,895	$	206,099	14.5	%
Less:
Other components of net periodic benefit costs	(684)		1,757		*		(2,053)		4,903		*
Depreciation and amortization	21,475		21,760		(1.3)	%	64,173		61,150		4.9	%
Severance	3,086		2,010		53.5	%	7,578		4,670		62.3	%
Multiemployer pension plan withdrawal costs	1,397		1,319		5.9	%	3,936		3,734		5.4	%
Acquisition-related costs	—		—		—		—		34,712		*
Impairment charges	2,503		—		*		15,239		—		*
Multiemployer pension plan liability adjustment	(2,273)		(7,127)		(68.1)	%	(2,273)		(7,127)		(68.1)	%
Add:
Interest income and other, net	5,736		1,579		*		13,426		38,258		(64.9)	%
Income before income taxes	$	69,987	$	50,837	37.7	%	$	162,721	$	142,315	14.3	%
(1) Recast to reflect updated bundle allocation methodology.
* Represents a change equal to or in excess of 100% or not meaningful.

Revenues detail by segment
	For the Quarters Ended						For the Nine Months Ended
(In thousands)	September 30, 2023		September 25, 2022 (1)		% Change		September 30, 2023		September 25, 2022 (1)		% Change
NYTG
Subscription	$	392,937	$	361,488	8.7	%	$	1,152,130	$	1,089,710	5.7	%
Advertising	108,672		108,134		0.5	%	323,091		337,456		(4.3)	%
Other	62,294		54,439		14.4	%	181,958		158,297		14.9	%
Total	$	563,903	$	524,061	7.6	%	$	1,657,179	$	1,585,463	4.5	%
The Athletic
Subscription	$	25,640	$	21,184	21.0	%	$	73,579	$	48,560	51.5	%
Advertising	8,441		2,333		*		18,033		6,660		*
Other	361		102		*		1,146		102		*
Total	$	34,442	$	23,619	45.8	%	$	92,758	$	55,322	67.7	%
The New York Times Company
Subscription	$	418,577	$	382,672	9.4	%	$	1,225,709	$	1,138,270	7.7	%
Advertising	117,113		110,467		6.0	%	341,124		344,116		(0.9)	%
Other	62,655		54,541		14.9	%	183,104		158,399		15.6	%
Total	$	598,345	$	547,680	9.3	%	$	1,749,937	$	1,640,785	6.7	%
(1) Recast to reflect updated bundle allocation methodology.
* Represents a change equal to or in excess of 100% or not meaningful.