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PENSION AND OTHER POSTRETIREMENT BENEFITS
3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS PENSION AND OTHER POSTRETIREMENT BENEFITS
Pension
Single-Employer Plans
We maintain The New York Times Companies Pension Plan, a frozen single-employer defined benefit pension plan. The Company also jointly sponsors a defined benefit plan with The NewsGuild of New York known as the Guild-Times Adjustable Pension Plan (the “APP”) that continues to accrue active benefits.
We also have a foreign-based pension plan for certain employees (the “foreign plan”). The information for the foreign plan is combined with the information for U.S. non-qualified plans. The benefit obligation of the foreign plan is immaterial to our total benefit obligation.
The components of net periodic pension cost/(income) were as follows:
For the Quarters Ended
 March 31, 2025March 31, 2024
(In thousands)Qualified
Plans
Non-
Qualified
Plans
All
Plans
Qualified
Plans
Non-
Qualified
Plans
All
Plans
Service cost$1,661 $— $1,661 $1,541 $— $1,541 
Interest cost 13,217 2,077 15,294 13,376 2,207 15,583 
Expected return on plan assets (15,282)— (15,282)(18,109)— (18,109)
Amortization of actuarial loss 4,026 865 4,891 2,603 997 3,600 
Amortization of prior service credit (486)— (486)(486)— (486)
Net periodic pension cost/(income)$3,136 $2,942 $6,078 $(1,075)$3,204 $2,129 
During the first quarters of 2025 and 2024, we made pension contributions of $2.9 million and $3.4 million, respectively, to the APP. We expect contributions made to satisfy the greater of minimum funding or collective bargaining agreement requirements to total approximately $13 million in 2025.
Multiemployer Plans
During the first quarter of 2025, the Company recorded a $4.5 million charge related to a multiemployer pension plan liability adjustment. This adjustment is recorded in Multiemployer pension plan liability adjustment in our Condensed Consolidated Statements of Operations.
Other Postretirement Benefits
The components of net periodic postretirement benefit cost were as follows:
For the Quarters Ended
(In thousands)March 31, 2025March 31, 2024
Service cost$$
Interest cost 204 272 
Amortization of actuarial loss — 174 
Net periodic postretirement benefit cost$207 $450