The New York Times Company (NYT) SEC Filings & Earnings Calls

Loss of senior HR leadership could impact talent management and culture continuity, but transition appears orderly.

“Departure of EVP and CHRO with retirement eligibility; no immediate operational risk.”

Generative AI Litigation Costs

“In the second quarter and first six months of 2026, the Company recorded $4.6 million and $8.8 million, respectively, and in the second quarter and first six months of 2025, the Company recorded $3.5 million and $7.9 million, respectively, of pre-tax litigation-related costs in connection with certain lawsuits alleging unlawful and unauthorized copying and u”

Print Revenue Secular Decline

“Print subscription revenues decreased 0.8% to $129.95 million in the second quarter of 2026 from $131.07 million in the second quarter of 2025.”

AI copyright litigation costs may persist and increase, posing legal and financial risk.

“$4.6M pre-tax litigation costs in Q2 2026 related to generative AI lawsuits; similar costs in prior quarters.”

Print subscription revenue continues to decline, indicating structural headwinds in legacy print business.

“Print subscription revenues decreased 0.8% to $130.0M, primarily due to lower single-copy and domestic home-delivery revenues.”

Litigation risk from generative AI copyright lawsuits; costs are manageable but ongoing.

“$4.2 million of pre-tax litigation-related costs in connection with certain lawsuits alleging unlawful and unauthorized copying and use of the Company’s journalism and other content in connection with the development of generative artificial intelligence products.”

Generative AI litigation costs

“Generative AI Litigation Costs of $4.2 million in Q1 2026.”

Print revenue secular decline

“Print subscription revenue decreased 1.1% and print advertising decreased 9.8%.”

Macroeconomic uncertainty on advertising

“Macroeconomic uncertainty has had in the past, and may have in the future, an adverse impact on both digital and print advertising spending.” · word for word

Dual-class structure limits Class A shareholder influence

“The Company’s unique dual-class structure, combined with the Ochs-Sulzberger family trust’s stated purpose to protect The Times’s editorial independence and integrity, have enabled the Company to remain focused on its long-term strategy” · word for word

Concentrated control by Ochs-Sulzberger family

“the aggregate holdings of the Ochs-Sulzberger Trust and an additional entity controlled by descendants of Mrs. Sulzberger represented approximately 94.6% of the Company’s Class B stock” · word for word

Generative AI Litigation

“For the years ended 2025 and 2024, the Company recorded $13.3 million and $10.8 million, respectively, of pre-tax litigation-related costs in connection with certain lawsuits alleging unlawful and unauthorized copying and use of the Company’s journalism and other content in connection with the development of generative artificial intelligence products” · word for word

Union Negotiations

“Our collective bargaining agreement with The New York Times Guild, under which approximately 23% of our full-time equivalent employees are covered, will expire on February 28, 2026.” · word for word

Print Revenue Decline

“Print subscription revenues (2) 516,442 533,615 (3.2) %” · word for word

Generative AI litigation costs continue; $3.0M in Q4 2025, similar to prior year.

“$3.0 million of pre-tax litigation-related costs in connection with certain lawsuits alleging unlawful and unauthorized copying and use of the Company’s journalism and other content in connection with the development of generative artificial intelligence products” · word for word

Lease impairment charge of $2.9M related to excess office space.

“A $2.9 million impairment charge related to excess leased office space that is being marketed for sublet”

Generative AI litigation costs

“In the third quarter and first nine months of 2025, the Company recorded $2.4 million and $10.3 million, respectively...of pre-tax litigation-related costs in connection with a lawsuit against Microsoft Corporation and Open AI Inc.” · word for word

Print revenue secular decline

“Print subscription revenue decreased primarily due to decreases in home-delivery and single-copy revenues.” · word for word

Generative AI litigation costs continue; $2.4M in Q3 2025 vs $4.6M in Q3 2024.

“$2.4 million of pre-tax litigation-related costs in connection with a lawsuit against Microsoft Corporation and Open AI Inc.” · word for word

Impairment of non-marketable equity investment of $3.5M.

“$3.5 million charge related to an impairment of a non-marketable equity investment.” · word for word