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## EXHIBIT 12 

## The New York Times Company Ratio of Earnings to Fixed Charges (Unaudited) GLYPH<160> 

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Note: The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and ManagementGLYPH<146>s Discussion and Analysis of Financial Condition and Results of Operations in this Annual Report on Form 10-K for the fiscal year ended DecemberGLYPH<160>28, 2014. 

(1) The CompanyGLYPH<146>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. 

