SCHEDULE: Linonia Partners Adjusts Stake in NYT

Linonia Partners Fund LP, along with related entities and Philip Uhde, have filed an amendment to their Schedule 13G, reporting shared voting and dispositive power over 7,993,257 shares of The New York Times Company's Class A Common Stock.

Summary

• Linonia Partners Fund LP, The Linonia Partnership LP, The Linonia Partnership GP LLC, and Philip Uhde have jointly filed an amendment to their Schedule 13G.
• This filing pertains to their beneficial ownership of Class A Common Stock of The New York Times Company.
• The reporting persons collectively hold 7,993,257 shares, representing 4.98% of the class.
• This ownership is based on the Issuer's most recent 10-Q filing as of July 31, 2026, which reported 160,502,862 shares outstanding.
• The filing clarifies the relationships between the entities and Philip Uhde, indicating shared voting and dispositive power over the reported shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily an update on beneficial ownership without significant new strategic or financial information.

Positives

• The reporting entities maintain a significant, though below the 5% threshold for active disclosure, stake in The New York Times Company.
• The filing provides clarity on the ownership structure and the roles of the reporting persons.

Negatives

• No new financial performance data or strategic initiatives are disclosed in this filing.
• The filing does not offer any new insights into the company's operational performance or future prospects.

Risks

• The filing does not explicitly mention any new risks or challenges.
• Potential risks could include market fluctuations affecting the value of the investment or changes in The New York Times Company's business strategy.

Future Outlook

This filing is an amendment to a Schedule 13G and does not contain forward-looking statements or specific future guidance from the company.

Management Comments

• The Class A Common Stock reported herein are held by a private investment fund, Linonia Partners Fund LP (the "Fund") for which The Linonia Partnership LP, a Delaware Limited Partnership, serves as the investment manager (the "Investment Manager").
• The Linonia Partnership GP LLC, a Delaware Limited Liability Company, serves as the general partner of the Investment Manager (the "General Partner") and Philip Uhde serves as the Principal of the Investment Manager and the Managing Member of the General Partner.
• By virtue of these relationships, the Fund, the Investment Manager, the General Partner, and Philip Uhde may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Fund.
• This report shall not be deemed an admission that any reporting person herein is the beneficial owner of the securities reported herein for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
• Each of the reporting person's herein disclaims beneficial ownership of the Shares reported herein except to the extent of the reporting persons pecuniary interest therein, if any.

Industry Context

StockSavvy.ai notes that this filing is a routine disclosure for significant institutional investors. The New York Times Company operates in the media and information services sector, which has seen significant digital transformation and consolidation.

Stakeholder Impact

• Shareholders: The filing confirms a significant ownership block, which could influence market perception but does not indicate a change in control or immediate strategic shift.
• Management: The filing clarifies the reporting structure for Linonia Partners' investment.

Next Steps

• Continue to monitor future filings from Linonia Partners for any changes in beneficial ownership.
• Observe The New York Times Company's performance and strategic announcements.

Key Dates

Keywords

The New York Times Company, Linonia Partners, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Management, Securities Exchange Act