New York Times Co (NYT) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 27, 2015

Exhibit 99.1

The New York Times Company Reports 2015 Fourth-Quarter and Full-Year Results

NEW YORK--(BUSINESS WIRE)--February 4, 2016--The New York Times Company (NYSE: NYT) announced today fourth-quarter 2015 diluted earnings per share from continuing operations of $.31 compared with $.22 in the same period of 2014. Adjusted diluted earnings per share from continuing operations (defined below) were $.37 in the fourth quarter of 2015 compared with $.26 in the fourth quarter of 2014.

Operating profit grew to $87.7 million in the fourth quarter of 2015 compared with $62.4 million in the same period of 2014, driven by broad cost savings. Adjusted operating profit (defined below) was $117.7 million in the fourth quarter of 2015 compared with $103.9 million in the fourth quarter of 2014.

For the full year of 2015, the Company had an operating profit of $136.6 million compared with $91.9 million in 2014, with the increase mainly driven by lower costs, including decreased severance expense, partially offset by an increased pension settlement charge in 2015. Adjusted operating profit in 2015 was $289.0 million compared with $256.3 million in 2014.

“We ended the year with a solid quarter, with strong growth in adjusted operating profit and digital advertising and consumer revenue, and the addition of 53,000 net new paid digital-only subscribers, the largest number of new subscribers in a quarter in three years,” said Mark Thompson, president and CEO, The New York Times Company. “We also succeeded in significantly reducing our costs.

“Overall, 2015 was a year of progress across the business. From the launch of virtual reality, continued growth in T Brand Studio, enhancement of mobile ad products, reimagined print sections and the delivery of consistently excellent journalism, we laid the groundwork for continued digital growth.”

Comparisons
Unless otherwise noted, all comparisons are for the fourth quarter of 2015 to the fourth quarter of 2014. Discontinued operations in 2014 include post-sale adjustments related to the New England Media Group (NEMG), which was sold in 2013.