EXHIBIT 12

THE NEW YORK TIMES COMPANY

Ratio of Earnings to Fixed Charges

(Unaudited)

	For the Six Months Ended June 30, 2013		For the Years Ended
(In thousands, except ratio)			December 30, 2012		December 25, 2011		December 26, 2010		December 27, 2009			December 28, 2008
Earnings/(loss) from continuing operations before fixed charges
Earnings/(loss) from continuing operations before income taxes, noncontrolling interest and income/(loss) from joint ventures	$	48,375	$	264,827	$	86,098	$	72,366	$	(92,294	)	$	(180,403	)
Distributed earnings from less than fifty-percent owned affiliates	—		9,251		3,463		8,325		2,775			35,733
Adjusted pre-tax earnings/(loss) from continuing operations	48,375		274,078		89,561		80,691		(89,519		)	(144,670		)
Fixed charges less capitalized interest	31,414		68,058		90,247		92,245		87,769			53,226
Earnings/(loss) from continuing operations before fixed charges	$	79,789	$	342,136	$	179,808	$	172,936	$	(1,750	)	$	(91,444	)
Fixed charges
Interest expense, net of capitalized interest(1)	$	29,412	$	63,225	$	85,693	$	86,301	$	83,124		$	48,191
Capitalized interest	—		17		427		299		1,566			2,639
Portion of rentals representative of interest factor	2,002		4,833		4,554		5,944		4,645			5,035
Total fixed charges	$	31,414	$	68,075	$	90,674	$	92,544	$	89,335		$	55,865
Ratio of earnings to fixed charges(2)	2.54		5.03		1.98		1.87		—			—

Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with this Quarterly Report on Form 10-Q, as well as the Annual Report on Form 10-K for the year ended December 30, 2012 for The New York Times Company (the “Company”).
(1	)	The Company’s policy is to classify interest expense recognized on uncertain tax positions as income tax expense. The Company has excluded interest expense recognized on uncertain tax positions from the Ratio of Earnings to Fixed Charges.
(2	)	In 2009 and 2008, earnings were inadequate to cover fixed charges by approximately $91 million and $147 million, respectively, due to certain charges in each year.