In addition, we have a printing and distribution facility with 570,000 gross square feet located in College Point,  N.Y., on a 31-acre site owned by the City of New York for which we have a ground lease. We have an option to  purchase the property at any time before the lease ends in 2019 for $6.9 million. We also currently own other  properties with an aggregate of approximately 2,200 gross square feet and lease other properties with an aggregate of  approximately 269,200 rentable square feet in various locations. We are involved in various legal actions incidental to our business that are now pending against us. These  actions are generally for amounts greatly in excess of the payments, if any, that may be required to be made. It is the  opinion of management after reviewing these actions with our legal counsel that the ultimate liability that might  result from these actions would not have a material adverse effect on our Consolidated Financial Statements. In September 2013, the Newspaper and Mail Deliverers - Publishers’ Pension Fund (the “Fund”) assessed a  partial withdrawal liability to the Company in the amount of $26 million for the plan years ending May 31, 2012 and  2013, an amount that was increased to approximately $34 million in December 2014, when the Fund issued a revised  partial withdrawal liability assessment for the plan year ending May 31, 2013. The Fund claims that when City &  Suburban, a retail and newsstand distribution subsidiary of the Company and the largest contributor to the Fund,  ceased operations in 2009, it triggered a decline of more than 70% in contribution base units in each of these two plan  years. The Company disagrees with both the Fund’s determination that a partial withdrawal occurred and the  methodology by which it calculated the withdrawal liability and has initiated arbitration proceedings. We do not  believe that a loss is probable on this matter and have not recorded a loss contingency for the period ended December  28, 2014. In February 2014, the Pension Benefit Guaranty Corporation (“PBGC”) notified us that it believed the Company  had a triggering event under Section 4062(e) of the Employee Retirement Income Security Act of 1974, as amended  (“ERISA”), with respect to The Boston Globe Retirement Plan for Employees Represented by the Boston Newspaper  Guild (the “Boston Globe Plan”) and The New York Times Companies Pension Plan on account of the Company’s sale  of the New England Media Group.  In June 2014, the PBGC voluntarily withdrew its claim with respect to The New York Times Companies Pension  Plan. In December 2014, Congress enacted major changes to Section 4062(e) of ERISA. In light of this amendment, the  Company believes that it has no Section 4062(e) liability with respect to the Boston Globe Plan. Not applicable. P. 14 – THE NEW YORK TIMES COMPANY ITEM 4. MINE SAFETY DISCLOSURES Pension Benefit Guaranty Corporation Newspaper and Mail Deliverers GLYPH<150> PublishersGLYPH<146> Pension Fund ITEMGLYPH<160>3.GLYPH<160>LEGALGLYPH<160>PROCEEDINGS