Form 8-K NEW YORK TIMES CO For: May 31
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The New York Times Co. (NYT) Offers Buyouts to Streamline Editing
May 31, 2017 12:21 PM EDTThe New York Times Co. (NYSE: NYT) disclosed in an SEC filing:
On May 31, 2017, The New York Times Company (the Company) provided a communication to newsroom employees with respect to a planned workforce reduction, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K. The Company expects to incur approximately $17 to $23 million of total charges in connection with this workforce reduction, with approximately $17 million to be recorded in the second quarter of 2017, and the balance, if any, to be recorded in the third quarter of 2017.
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