REPORT OF MANAGEMENT ManagementGLYPH<146>s Responsibility for the Financial Statements P. 54 – THE NEW YORK TIMES COMPANY The Company’s consolidated financial statements were prepared by management, who is responsible for their  integrity and objectivity. The consolidated financial statements have been prepared in accordance with accounting  principles generally accepted in the United States of America (“GAAP”) and, as such, include amounts based on  management’s best estimates and judgments. Management is further 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 follows and continuously monitors its policies and procedures for internal control over financial reporting  to ensure that this objective is met (see “Management’s Report on Internal Control Over Financial Reporting” below). The consolidated financial statements were audited by Ernst & Young LLP, an independent registered public  accounting firm, in 2014, 2013 and 2012. Its audits were conducted in accordance with the standards of the Public  Company Accounting Oversight Board (United States) and its report is shown on Page 56. The Audit Committee of the Board of Directors, which is composed solely of independent directors, meets  regularly with the independent registered public accounting firm, internal auditors and management to discuss  specific accounting, financial reporting and internal control matters. Both the independent registered public  accounting firm and the internal auditors have full and free access to the Audit Committee. Each year the Audit  Committee selects, subject to ratification by stockholders, the firm which is to perform audit and other related work  for the Company.