ManagementGLYPH<146>s Report on Internal Control Over Financial Reporting Management of the Company is responsible for establishing and maintaining adequate internal control over  financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934. The  Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding  the reliability of financial reporting and the preparation of financial statements for external purposes in accordance  with GAAP. The Company’s internal control over financial reporting includes those policies and procedures that: •  pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions  and dispositions of the assets of the Company; •  provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial  statements in accordance with GAAP, and that receipts and expenditures of the Company are being made  only in accordance with authorizations of management and directors of the Company; and •  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or  disposition of the Company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect  misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that  controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies  or procedures may deteriorate. Our management, with the participation of our principal executive officer and principal financial officer,  assessed the effectiveness of the Company’s internal control over financial reporting as of December 28, 2014. In  making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the  Treadway Commission in Internal Control — Integrated Framework (2013 framework). Based on its assessment,  management concluded that the Company’s internal control over financial reporting was effective as of December 28,  2014. The Company’s independent registered public accounting firm, Ernst & Young LLP, that audited the  consolidated financial statements of the Company included in this Annual Report on Form 10-K, has issued an  attestation report on the Company’s internal control over financial reporting as of December 28, 2014, which is  included on Page 56 in this Annual Report on Form 10-K. THE NEW YORK TIMES COMPANY – P. 55