Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 25, 2009, the Compensation Committee of the Board of Directors of The New York Times Company (the "Company") approved salary reductions for the Company's executive officers. Effective April 1, 2009, base salaries for the executive officers will be reduced 5% through December 31, 2009 (4% on an annualized basis).

The action is in connection with salary reductions that generally affect the Company's nonunion employees. The salaries of these employees at the Company's New York Times Media Group (with the exception of the International Herald Tribune), The Boston Globe, Boston.com and corporate employees at the Company's New York headquarters will be reduced 5% effective April 1, 2009, through December 31, 2009. In exchange, these employees, including the Company's executive officers, will be entitled to 10 additional days off to use before the end of the year. The salaries of employees of the About Group, Baseline, Regional Media Group, Worcester Telegram & Gazette and certain non-New York-based corporate and other departments will be reduced 2.5%, with five additional days off. The Company made the distinction between the two groups taking into account location and other factors.

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