PERFORMANCE PRESENTATION  The following graph shows the annual cumulative total stockholder return for the five fiscal years ending  December 28, 2014, on an assumed investment of $100 on December 27, 2009, in the Company, the Standard & Poor’s  S&P 400 MidCap Stock Index and the Standard & Poor’s S&P 1500 Publishing and Printing Index. Stockholder return  is measured by dividing (a) the sum of (i) the cumulative amount of dividends declared for the measurement period,  assuming reinvestment of dividends, and (ii) the difference between the issuer’s share price at the end and the  beginning of the measurement period, by (b) the share price at the beginning of the measurement period. As a result,  stockholder return includes both dividends and stock appreciation. THE NEW YORK TIMES COMPANY – P. 17 Stock Performance Comparison Between the S&P 400 Midcap Index, S&P 1500 Publishing & Printing Index  and The New York Times Company’s Class A Common Stock