EXHIBIT 12  The New York Times Company Ratio of Earnings to Fixed Charges (Unaudited) GLYPH<160> 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. (In thousands, except ratio) December 28, 2014 December 29, 2013 December 30, 2012 December 25, 2011 December 26, 2010 Earnings/(loss) from continuingGLYPH<160>operations beforeGLYPH<160>fixed charges Earnings/(loss) from continuing operations before income taxes, noncontrolling interest and income/(loss) from joint ventures $ 38,218 $ 98,014 $ 255,621 $ 66,283 $ 52,474 Distributed earning from less than fifty-percent owned affiliates 3,914 1,400 9,251 3,463 8,325 Adjusted pre-tax earnings/(loss) from continuing operations 42,132 99,414 264,872 69,746 60,799 Fixed charges less capitalized interest 62,869 63,032 67,243 90,252 92,143 Earnings/(loss) from continuing operations before fixed charges $ 105,001 $ 162,446 $ 332,115 $ 159,998 $ 152,942 Fixed charges Interest expense, net of capitalized interest (1) $ 58,914 $ 59,588 $ 63,218 $ 85,693 $ 86,291 Capitalized interest 152 GLYPH<151> 17 427 299 Portion of rentals representative of interest factor 3,955 3,444 4,025 4,559 5,852 Total fixed charges $ 63,021 $ 63,032 $ 67,260 $ 90,679 $ 92,442 Ratio of earnings to fixed charges 1.67 2.58 4.94 1.76 1.65