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Wikipedia

The New York Times Company

March 09, 2023

The New York Times Company is an American mass media company that publishes The New York Times. Its headquarters are in Manhattan, New York City.[5]

The New York Times Company
TypePublic
IndustryNewspapers
FoundedSeptember 18, 1851; 171 years ago (1851-09-18)
Founders
Headquarters
The New York Times Building, Manhattan, New York City, New York
,
United States
Area served
Worldwide
Key people
A. G. Sulzberger
(Chairman)
Meredith Kopit Levien
(President and CEO)
ProductsThe New York Times
The New York Times International Edition
Other media properties
Revenue US$2.31 billion (2022)
US$202 million (2022)
US$174 million (2022)
Total assets US$2.53 billion (2022)
Total equity US$1.60 billion (2022)
Number of employees
c. 5,800 (December 2022)
Websitenytco.com
Footnotes / references
[1][2][3][4]

History

The company was founded by Henry Jarvis Raymond and George Jones in New York City. The first edition of the newspaper The New York Times, published on September 18, 1851, stated: "We publish today the first issue of the New-York Daily Times, and we intend to issue it every morning (Sundays excepted) for an indefinite number of years to come."[6]

The company moved into the cable channel industry, purchasing a 40% interest in the Popcorn Channel, a theatrical movie preview and local movie times, in November 1994.[7] In 1996, it expanded upon its broadcasting by purchasing Palmer Communications, owners of WHO-DT in Des Moines and KFOR in Oklahoma City.[8]

The company completed its purchase of The Washington Post's 50 percent interest in the International Herald Tribune (IHT) for US$65 million on January 1, 2003, becoming the sole owner.[9]

On March 18, 2005, the company acquired About.com, an online provider of consumer information, for US$410 million.[10] In 2005, the company reported revenues of US$3.4 billion to its investors.[11]

The Times, on August 25, 2006, acquired Baseline StudioSystems, an online database and research service on the film and television industries for US$35 million.[12]

The company announced on September 12, 2006, its decision to sell its Broadcast Media Group, consisting of "nine network-affiliated television stations, their related Web sites and the digital operating center".[13] The New York Times reported on January 4, 2007, that the company had reached an agreement to sell all nine local television stations to the private equity firm Oak Hill Capital Partners, which then created a holding company for the stations, Local TV LLC.[14][15] The company announced that it had finalized the sale of its Broadcast Media Group on May 7, 2007, for "approximately $575 million".[15]

On May 7, 2007, the company announced that its About.com web information service was acquiring Consumersearch.com, a Web site that compiles reviews of consumer products, for $33 million in cash.[16]

In 2007, the company moved from 229 West 43rd Street to the New York Times Building at 620 Eighth Avenue, on the west side of Times Square, between 40th and 41st streets across from the Port Authority of New York & New Jersey Bus Terminal.[17]

On July 14, 2009, the company announced that WQXR was to be sold to WNYC, which moved the station to 105.9 FM and began to operate the station as non-commercial on October 8, 2009. This US$45 million transaction, which involved Univision Radio's WCAA moving to the 96.3 FM frequency from 105.9 FM, ended the Times' 65-year-long ownership of the station.[18]

In December 2011, the company sold its Regional Media Group to Halifax Media Group, owners of The Daytona Beach News-Journal, for $143 million. The Boston Globe and The Telegram & Gazette of Worcester were not part of the sale.[19] In 2011, the Times sold Baseline StudioSystems back to its original owners, Laurie S. Silvers and Mitchell Rubenstein, majority shareholders of Project Hollywood LLC.[12]

Facing falling revenue from print advertising in its flagship publication in 2011, The New York Times, the company introduced a paywall to its website. As of 2012, it had been modestly successful, garnering several hundred thousand subscriptions and about $100 million in annual revenue.[20]

In 2013, the New York Times Company sold The Boston Globe and other New England media properties to John W. Henry, the principal owner of the Boston Red Sox. According to the Times Company, the move was made in order to focus more on its core brands.[21][22]

After forming an editorial partnership with the New York Times in 2015,[23] The Wirecutter was acquired by the Times in October 2016 for a reported $30 million.

In March 2020, the New York Times Company acquired subscription-based audio app, Audm.[24]

In July 2020, the New York Times Company acquired podcast production company Serial Productions.[25] The same month, the company appointed chief operating officer Meredith Kopit Levien to the position of CEO.[26]

In January 2022, the New York Times Company announced that it would acquire The Athletic, a subscription-based sports news website. The $550 million deal closed the following month,[27] and The Athletic's co-founders, Alex Mather and Adam Hansmann, were to stay with the publication, which would continue to be run separately from the Times.[28] Later that month, it acquired Wordle, an Internet word puzzle game that grew from 90 players in October 2021 to millions at the time of purchase.[29]

ValueAct Capital took a stake in the company in August 2022.[30] ValueAct aims to encourage the company to more actively pursue the sale of "bundled" subscriptions to its various offerings.[30]

Radio stations

 
An advertisement of WQXR-FM-AM, formerly known as "The Stereo Stations of The New York Times" (1986)

The paper bought AM radio station WQXR (1560 kHz) in 1944.[31] Its "sister" FM station, WQXQ, would become WQXR-FM (96.3 MHz). Branded as "The Stereo Stations of The New York Times", its classical music radio format was simulcast on both the AM & FM frequencies until December 1992, when the big-band and pop standards music format of station WNEW (1130 kHz – now WBBR/"Bloomberg Radio") was transferred to and adopted by WQXR; in recognition of the format change, WQXR changed its call letters to WQEW (a "hybrid" combination of "WQXR" and "WNEW").[32] By 1999, The New York Times was leasing WQEW to ABC Radio for its "Radio Disney" format.[33] In 2007, WQEW was finally purchased by Disney; in late 2014, it was sold to Family Radio (a religious radio network) and became WFME.[34] On July 14, 2009, it was announced that WQXR-FM would be sold to the WNYC radio group who, on October 8, 2009, moved the station from 96.3 to 105.9 MHz (swapping frequencies with Spanish-language station WXNY-FM, which wanted the more powerful transmitter to increase its coverage) and began operating it as a non-commercial, public radio station.[35]

Company holdings

Main article: List of assets owned by the New York Times Company

Alongside its namesake newspaper, the company also owns the New York Times International Edition and their related digital properties including NYTimes.com, as well as various brand-related properties.[36]

Ownership and leadership

Since September 25, 1997, the company has been listed on the New York Stock Exchange under the symbol NYT. From April 27, 1967 until January 13, 1969, the Company’s Class A common stock traded over the counter. From January 14, 1969, until September 24, 1997, the shares were traded on the American Stock Exchange. [37] Of the two categories of stock, Class A and Class B, the former is publicly traded and the latter is held privately—largely (over 90% through The 1997 Trust) by the descendants of Adolph Ochs, who purchased The New York Times newspaper in 1896. [38]

Carlos Slim loan and investment

On January 20, 2009, The New York Times reported that its parent company, the New York Times Company, had reached an agreement to borrow $250 million from Mexican billionaire Carlos Slim, "to help the newspaper company finance its businesses".[39] The New York Times Company later repaid that loan ahead of schedule.[40] Since then, Slim has bought large quantities of the company's Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held.[40] Slim's investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares,[41] and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9 million Class A shares, making him the largest shareholder.[40][42] As of March 7, 2016, Slim owned 17.4% of the company's Class A shares, according to annual filings submitted by the company.[43][44][45] While Slim is the largest shareholder in the company, his investment only allows him to vote for Class A directors, a third of the company's board.[40]

Board of directors

As of May 2022:[46]

Community awards

 
2008 I Love My Librarian award recipients Linda Allen and Margaret "Gigi" Lincoln talk with Janet Robinson in The New York Times Building.

The company sponsors a series of national and local awards designed to highlight the achievements of individuals and organizations in different realms.

In 2007, it inaugurated its first Nonprofit Excellence Award, awarded to four organizations "for the excellence of their management practices". Only nonprofits in New York City, Long Island, or Westchester were eligible.[47]

Jointly with the Carnegie Corporation of New York and the American Library Association, the New York Times Company sponsors an award to honor librarians "for service to their communities". The ''I Love My Librarian!'' award was given to ten recipients in December 2008, and presented by the New York Times Company president and CEO Janet L. Robinson, Carnegie Corporation president Vartan Gregorian, and Jim Rettig, president of the American Library Association. The award has been given to ten exceptional librarians annually since that date.[48]

In May 2009, the company launched The New York Times Outstanding Playwright Award to honor an American playwright who had recently had his or her professional debut in New York.[49] The first winner was Tarell Alvin McCraney for his play "The Brothers Size".[50] In 2010, Dan LeFranc won for his play "Sixty Miles to Silver Lake".[51]

See also

Notes

  1. ^ The New York Times Company 2022 Annual Report (Form 10-K). SEC.gov (Report). U.S. Securities and Exchange Commission. February 28, 2023.
  2. ^ "Mexican Billionaire Invests in Times Company". The New York Times. January 20, 2009.
  3. ^ . Fortune. October 19, 2016. Archived from the original on 2016-11-20. Retrieved 2016-11-19.
  4. ^ Vinton, Kate (June 1, 2016). "These 15 Billionaires Own America's News Media Companies". Forbes.
  5. ^ . The New York Times Company. Archived from the original on May 6, 2009. Retrieved August 28, 2009.
  6. ^ . The New York Times Company. Archived from the original on September 14, 2008. Retrieved September 29, 2008.
  7. ^ (November 28, 1994). "." Broadcasting & Cable. NewBay Media LLC. 1994. Retrieved April 27, 2015 from HighBeam Research.
  8. ^ "Times Co. in Deal to Buy 2 TV Stations". The New York Times. 1996-05-15. ISSN 0362-4331. Retrieved 2021-11-02.
  9. ^ Kirkpatrick, David D. (January 2, 2003). "International Herald Tribune Now Run Solely by The Times". The New York Times. Retrieved August 29, 2008. The International Herald Tribune, descendant of an American paper first published in Paris in 1887, is appearing today for the first time under the sole ownership and management of the New York Times Company. The takeover ends an anomalous 35-year partnership between The Times and its domestic competitor The Washington Post that produced a journalistic hybrid consisting mainly of articles and editorials from both papers compiled by editors in Paris. In October, The Times reached an agreement to buy The Post's 50 percent stake in the venture for about $70 million -- in part, The Post said, by threatening to start a rival paper overseas.
  10. ^ Teather, David (2005-02-17). "New York Times buys About.com". The Guardian. ISSN 0261-3077. Retrieved 2017-01-08.
  11. ^ "The New York Times Company 2005 Annual Report" (PDF). (PDF) from the original on 2020-08-28. Retrieved 2020-08-28.
  12. ^ a b "NY Times Sells TV/Movie Database Baseline". Deadline Hollywood. October 7, 2011.
  13. ^ (Press release). The New York Times Company. September 12, 2006. Archived from the original on January 9, 2016. Retrieved July 23, 2008.
  14. ^ Story, Louise (January 4, 2007). "New York Times to Sell 9 Local TV Stations". The New York Times. Retrieved August 23, 2008.
  15. ^ a b "The New York Times Company Reports April Revenues" (Press release). The New York Times Company. May 17, 2007. Archived from the original on July 22, 2012. Retrieved August 23, 2008. On May 7, 2007, the Company sold the Broadcast Media Group, consisting of nine network-affiliated television stations, their related Web sites and the digital operating center, for approximately $575 million.
  16. ^ Times, The New York (2007-05-07). "About.com Buys ConsumerSearch.com". The New York Times. ISSN 0362-4331. Retrieved 2019-09-13.
  17. ^ (PDF) (Press release). The New York Times Company. November 19, 2007. Archived from the original (PDF) on August 24, 2008. Retrieved August 23, 2008.
  18. ^ Bensinger, Greg (July 14, 2009). "New York Times to Get $45 Million for Radio Station". Bloomberg News. Retrieved July 18, 2009.
  19. ^ "New York Times agrees to sell regional news group". The Boston Globe. December 27, 2011. Retrieved December 30, 2011.
  20. ^ Sass, Erik (March 12, 2012). "'NYT' Pay Wall Could Bring $100M Annually". Media Daily News. Retrieved March 13, 2012.
  21. ^ Christine, Haughney (August 3, 2013). "New York Times Company Sells Boston Globe". The New York Times. Retrieved 4 August 2013.
  22. ^ "Red Sox Principal Owner to Buy Boston Globe Newspaper". The Wall Street Journal. August 3, 2013. Retrieved August 5, 2013.
  23. ^ Owens, Simon (March 21, 2018). "Inside The New York Times's post-acquisition strategy for Wirecutter". Medium. Retrieved 20 December 2021.
  24. ^ "The New York Times Company acquires Audm, an app that turns longform journalism into audio". TechCrunch. 23 March 2020. Retrieved 2020-04-17.
  25. ^ "The New York Times Company Acquires Serial Productions and Forms a Strategic Alliance with "This American Life"". www.businesswire.com. 2020-07-22. Retrieved 2020-07-23.
  26. ^ "NYT promotes Kopit Levien to CEO role". Financial Post. Reuters. 22 July 2020. Retrieved 9 September 2020.
  27. ^ Tracy, Marc (2 February 2022). "The Times hits its goal of 10 million subscriptions with the addition of The Athletic". The New York Times. Archived from the original on 19 July 2022.
  28. ^ "The New York Times Company to Acquire The Athletic". investors.nytco.com. Retrieved 2022-01-07.
  29. ^ "NYT promotes Kopit Levien to CEO role". The New York Times. New York Times Company. 31 January 2022. Retrieved 2 February 2022.
  30. ^ a b Deveau, Scott (11 August 2022). "New York Times Is Targeted by Activist Investor Pushing for Subscriber-Only Bundles". Bloomberg.com. Retrieved 11 August 2022.
  31. ^ . The New York Times Company. Archived from the original on September 7, 2008. Retrieved September 16, 2008.
  32. ^ Kozinn, Allan (October 21, 1992). "WQXR-AM to Change Its Format, to Popular Music From Classical". The New York Times. Retrieved September 16, 2008.
  33. ^ Blumenthal, Ralph (December 2, 1998). "WQEW-AM: All Kids, All the Time". The New York Times. Retrieved September 16, 2008.
  34. ^ Family Radio Returns To New York – RadioInsight February 21, 2015, at the Wayback Machine November 21, 2014
  35. ^ Bensinger, Greg (July 14, 2009). . Bloomberg News. Archived from the original on February 16, 2012. Retrieved July 18, 2009.
  36. ^ . The New York Times Company. Archived from the original on August 30, 2008. Retrieved August 29, 2008. The New York Times Company, a leading media company with 2007 revenues of $3.2 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other daily newspapers, WQXR-FM, and more than 50 Web sites, including NYTimes.com, Boston.com, and About.com. The Company's core purpose is to enhance society by creating, collecting, and distributing high-quality news, information, and entertainment.
  37. ^ "FAQs". The New York Times Company.
  38. ^ "SCHEDULE 13D/A (Amendment No. 11)". Securities and Exchange Commission. January 1, 2018. Retrieved June 5, 2021.
  39. ^ Dash, Eric (January 19, 2009). "Mexican Billionaire Invests in Times Company". The New York Times. Retrieved July 1, 2012.
  40. ^ a b c d Laya, Patricia; Smith, Gerry (January 14, 2015). "Billionaire Carlos Slim Doubles Holdings in New York Times". Bloomberg News. Retrieved June 20, 2015.
  41. ^ Saba, Jennifer (October 6, 2011). "Carlos Slim increases stake in NY Times". Reuters. Retrieved July 1, 2012."
  42. ^ "Carlos Slim becomes top New York Times shareholder". Reuters. January 14, 2017.
  43. ^ "The New York Times Company Notice of 2016 Annual Meeting and Proxy Statement" (PDF). The New York Times Company. March 22, 2016. Retrieved October 28, 2016.
  44. ^ "Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, for The New York Times Company (Form 10-K)". Securities and Exchange Commission. February 24, 2016. Retrieved October 28, 2016., See Item 12, which states, "The information required by this item is incorporated by reference to the sections titled "Principal Holders of Common Stock," "Security Ownership of Management and Directors" and "The 1997 Trust" of our Proxy Statement for the 2016 Annual Meeting of Stockholders.
  45. ^ Stiles, Andrew (27 May 2016). "New York Times Is Very Concerned About Billionaire Media Investors—But Not Their Billionaire Investor". Heatstreet. Dow Jones & Company, Inc. Retrieved 29 May 2016. Slim doubled his stake in the Times to 16.8 percent last year after exercising options tied to a $250 million loan he gave the company that helped it survive the financial downturn in 2009. His current stake in the company is valued at more than $300 million.
  46. ^ "Board of Directors". NYTCo. Retrieved May 1, 2022.
  47. ^ "The New York Times Company Announces Four Winners of Its First Nonprofit Excellence Awards" (Press release). The New York Times Company. June 28, 2007. Retrieved December 10, 2008.
  48. ^ (Press release). American Library Association. December 8, 2008. Archived from the original on February 20, 2011. Retrieved February 3, 2009.
  49. ^ Healy, Patrick. "Times's Outstanding Playwright Award Goes to Kristoffer Diaz". ArtsBeat. Retrieved 2017-02-12.
  50. ^ Joseph, Chris (2011-08-31). "Tarell Alvin McCraney Brings His Award-Winning The Brothers Size Home to Miami". Miami New Times. Retrieved 2017-02-12.
  51. ^ "The New York Times Company – Dan LeFranc Wins the 2010 New York Times Outstanding Playwright Award For "Sixty Miles to Silver Lake"". investors.nytco.com. Retrieved 2017-02-12.

External links

 
Wikimedia Commons has media related to The New York Times Company.
  • Official website
  • The New York Times Company records (1836–2000) – The New York Public Library
  • New Yimes Times building February 9, 2010, at the Wayback Machine
  • Business data for The New York Times Company:
    • Bloomberg
    • Google
    • SEC filings
    • Yahoo!

March 09, 2023
york, times, company, american, mass, media, company, that, publishes, york, times, headquarters, manhattan, york, city, york, times, buildingtypepublictraded, asnyse, class, componentindustrynewspapersfoundedseptember, 1851, years, 1851, foundershenry, jarvis. The New York Times Company is an American mass media company that publishes The New York Times Its headquarters are in Manhattan New York City 5 The New York Times CompanyThe New York Times BuildingTypePublicTraded asNYSE NYT Class A S amp P 400 componentIndustryNewspapersFoundedSeptember 18 1851 171 years ago 1851 09 18 FoundersHenry Jarvis RaymondGeorge JonesHeadquartersThe New York Times Building Manhattan New York City New York United StatesArea servedWorldwideKey peopleA G Sulzberger Chairman Meredith Kopit Levien President and CEO ProductsThe New York TimesThe New York Times International EditionOther media propertiesRevenueUS 2 31 billion 2022 Operating incomeUS 202 million 2022 Net incomeUS 174 million 2022 Total assetsUS 2 53 billion 2022 Total equityUS 1 60 billion 2022 Number of employeesc 5 800 December 2022 Websitenytco wbr comFootnotes references 1 2 3 4 Contents 1 History 1 1 Radio stations 2 Company holdings 3 Ownership and leadership 3 1 Carlos Slim loan and investment 3 2 Board of directors 4 Community awards 5 See also 6 Notes 7 External linksHistory EditThe company was founded by Henry Jarvis Raymond and George Jones in New York City The first edition of the newspaper The New York Times published on September 18 1851 stated We publish today the first issue of the New York Daily Times and we intend to issue it every morning Sundays excepted for an indefinite number of years to come 6 The company moved into the cable channel industry purchasing a 40 interest in the Popcorn Channel a theatrical movie preview and local movie times in November 1994 7 In 1996 it expanded upon its broadcasting by purchasing Palmer Communications owners of WHO DT in Des Moines and KFOR in Oklahoma City 8 The company completed its purchase of The Washington Post s 50 percent interest in the International Herald Tribune IHT for US 65 million on January 1 2003 becoming the sole owner 9 On March 18 2005 the company acquired About com an online provider of consumer information for US 410 million 10 In 2005 the company reported revenues of US 3 4 billion to its investors 11 The Times on August 25 2006 acquired Baseline StudioSystems an online database and research service on the film and television industries for US 35 million 12 The company announced on September 12 2006 its decision to sell its Broadcast Media Group consisting of nine network affiliated television stations their related Web sites and the digital operating center 13 The New York Times reported on January 4 2007 that the company had reached an agreement to sell all nine local television stations to the private equity firm Oak Hill Capital Partners which then created a holding company for the stations Local TV LLC 14 15 The company announced that it had finalized the sale of its Broadcast Media Group on May 7 2007 for approximately 575 million 15 On May 7 2007 the company announced that its About com web information service was acquiring Consumersearch com a Web site that compiles reviews of consumer products for 33 million in cash 16 In 2007 the company moved from 229 West 43rd Street to the New York Times Building at 620 Eighth Avenue on the west side of Times Square between 40th and 41st streets across from the Port Authority of New York amp New Jersey Bus Terminal 17 On July 14 2009 the company announced that WQXR was to be sold to WNYC which moved the station to 105 9 FM and began to operate the station as non commercial on October 8 2009 This US 45 million transaction which involved Univision Radio s WCAA moving to the 96 3 FM frequency from 105 9 FM ended the Times 65 year long ownership of the station 18 In December 2011 the company sold its Regional Media Group to Halifax Media Group owners of The Daytona Beach News Journal for 143 million The Boston Globe and The Telegram amp Gazette of Worcester were not part of the sale 19 In 2011 the Times sold Baseline StudioSystems back to its original owners Laurie S Silvers and Mitchell Rubenstein majority shareholders of Project Hollywood LLC 12 Facing falling revenue from print advertising in its flagship publication in 2011 The New York Times the company introduced a paywall to its website As of 2012 it had been modestly successful garnering several hundred thousand subscriptions and about 100 million in annual revenue 20 In 2013 the New York Times Company sold The Boston Globe and other New England media properties to John W Henry the principal owner of the Boston Red Sox According to the Times Company the move was made in order to focus more on its core brands 21 22 After forming an editorial partnership with the New York Times in 2015 23 The Wirecutter was acquired by the Times in October 2016 for a reported 30 million In March 2020 the New York Times Company acquired subscription based audio app Audm 24 In July 2020 the New York Times Company acquired podcast production company Serial Productions 25 The same month the company appointed chief operating officer Meredith Kopit Levien to the position of CEO 26 In January 2022 the New York Times Company announced that it would acquire The Athletic a subscription based sports news website The 550 million deal closed the following month 27 and The Athletic s co founders Alex Mather and Adam Hansmann were to stay with the publication which would continue to be run separately from the Times 28 Later that month it acquired Wordle an Internet word puzzle game that grew from 90 players in October 2021 to millions at the time of purchase 29 ValueAct Capital took a stake in the company in August 2022 30 ValueAct aims to encourage the company to more actively pursue the sale of bundled subscriptions to its various offerings 30 Radio stations Edit An advertisement of WQXR FM AM formerly known as The Stereo Stations of The New York Times 1986 The paper bought AM radio station WQXR 1560 kHz in 1944 31 Its sister FM station WQXQ would become WQXR FM 96 3 MHz Branded as The Stereo Stations of The New York Times its classical music radio format was simulcast on both the AM amp FM frequencies until December 1992 when the big band and pop standards music format of station WNEW 1130 kHz now WBBR Bloomberg Radio was transferred to and adopted by WQXR in recognition of the format change WQXR changed its call letters to WQEW a hybrid combination of WQXR and WNEW 32 By 1999 The New York Times was leasing WQEW to ABC Radio for its Radio Disney format 33 In 2007 WQEW was finally purchased by Disney in late 2014 it was sold to Family Radio a religious radio network and became WFME 34 On July 14 2009 it was announced that WQXR FM would be sold to the WNYC radio group who on October 8 2009 moved the station from 96 3 to 105 9 MHz swapping frequencies with Spanish language station WXNY FM which wanted the more powerful transmitter to increase its coverage and began operating it as a non commercial public radio station 35 Company holdings EditMain article List of assets owned by the New York Times Company Alongside its namesake newspaper the company also owns the New York Times International Edition and their related digital properties including NYTimes com as well as various brand related properties 36 Ownership and leadership EditSince September 25 1997 the company has been listed on the New York Stock Exchange under the symbol NYT From April 27 1967 until January 13 1969 the Company s Class A common stock traded over the counter From January 14 1969 until September 24 1997 the shares were traded on the American Stock Exchange 37 Of the two categories of stock Class A and Class B the former is publicly traded and the latter is held privately largely over 90 through The 1997 Trust by the descendants of Adolph Ochs who purchased The New York Times newspaper in 1896 38 Carlos Slim loan and investment Edit On January 20 2009 The New York Times reported that its parent company the New York Times Company had reached an agreement to borrow 250 million from Mexican billionaire Carlos Slim to help the newspaper company finance its businesses 39 The New York Times Company later repaid that loan ahead of schedule 40 Since then Slim has bought large quantities of the company s Class A shares which are available for purchase by the public and offer less control over the company than Class B shares which are privately held 40 Slim s investments in the company included large purchases of Class A shares in 2011 when he increased his stake in the company to 8 1 of Class A shares 41 and again in 2015 when he exercised stock options acquired as part of a repayment plan on the 2009 loan to purchase 15 9 million Class A shares making him the largest shareholder 40 42 As of March 7 2016 Slim owned 17 4 of the company s Class A shares according to annual filings submitted by the company 43 44 45 While Slim is the largest shareholder in the company his investment only allows him to vote for Class A directors a third of the company s board 40 Board of directors Edit As of May 2022 update 46 A G Sulzberger chairman of the New York Times Company and publisher of the New York Times Aman Bhutani CEO of GoDaddy Manuel Bronstein CPO of Roblox Beth Brooke former global vice chair of public policy for Ernst amp Young Rachel Glaser CFO of Etsy Arthur Golden bestselling author Hays Golden former AIG executive Meredith Kopit Levien CEO of the New York Times Company Brian McAndrews former chairman and CEO of Pandora Media David Perpich former president of Wirecutter John W Rogers Jr founder of Ariel Investments Doreen Tobin former CFO of Verizon Rebecca Van Dyck CMO of Reality LabsCommunity awards Edit 2008 I Love My Librarian award recipients Linda Allen and Margaret Gigi Lincoln talk with Janet Robinson in The New York Times Building The company sponsors a series of national and local awards designed to highlight the achievements of individuals and organizations in different realms In 2007 it inaugurated its first Nonprofit Excellence Award awarded to four organizations for the excellence of their management practices Only nonprofits in New York City Long Island or Westchester were eligible 47 Jointly with the Carnegie Corporation of New York and the American Library Association the New York Times Company sponsors an award to honor librarians for service to their communities The I Love My Librarian award was given to ten recipients in December 2008 and presented by the New York Times Company president and CEO Janet L Robinson Carnegie Corporation president Vartan Gregorian and Jim Rettig president of the American Library Association The award has been given to ten exceptional librarians annually since that date 48 In May 2009 the company launched The New York Times Outstanding Playwright Award to honor an American playwright who had recently had his or her professional debut in New York 49 The first winner was Tarell Alvin McCraney for his play The Brothers Size 50 In 2010 Dan LeFranc won for his play Sixty Miles to Silver Lake 51 See also Edit Companies portal Journalism portal New York City portalList of companies based in New York CityNotes Edit The New York Times Company 2022 Annual Report Form 10 K SEC gov Report U S Securities and Exchange Commission February 28 2023 Mexican Billionaire Invests in Times Company The New York Times January 20 2009 The Sulzberger Dynasty Tightens Its Grip on the New York Times Fortune October 19 2016 Archived from the original on 2016 11 20 Retrieved 2016 11 19 Vinton Kate June 1 2016 These 15 Billionaires Own America s News Media Companies Forbes Contact Us The New York Times Company Archived from the original on May 6 2009 Retrieved August 28 2009 Timeline The New York Times Company Archived from the original on September 14 2008 Retrieved September 29 2008 November 28 1994 The New York Times Co has decided to enter the cable network business by taking a 40 stake in the soon to be launched Popcorn Channel Brief Article Broadcasting amp Cable NewBay Media LLC 1994 Retrieved April 27 2015 from HighBeam Research Times Co in Deal to Buy 2 TV Stations The New York Times 1996 05 15 ISSN 0362 4331 Retrieved 2021 11 02 Kirkpatrick David D January 2 2003 International Herald Tribune Now Run Solely by The Times The New York Times Retrieved August 29 2008 The International Herald Tribune descendant of an American paper first published in Paris in 1887 is appearing today for the first time under the sole ownership and management of the New York Times Company The takeover ends an anomalous 35 year partnership between The Times and its domestic competitor The Washington Post that produced a journalistic hybrid consisting mainly of articles and editorials from both papers compiled by editors in Paris In October The Times reached an agreement to buy The Post s 50 percent stake in the venture for about 70 million in part The Post said by threatening to start a rival paper overseas Teather David 2005 02 17 New York Times buys About com The Guardian ISSN 0261 3077 Retrieved 2017 01 08 The New York Times Company 2005 Annual Report PDF Archived PDF from the original on 2020 08 28 Retrieved 2020 08 28 a b NY Times Sells TV Movie Database Baseline Deadline Hollywood October 7 2011 The New York Times Company Announces Plan to Sell Its Broadcast Media Group Press release The New York Times Company September 12 2006 Archived from the original on January 9 2016 Retrieved July 23 2008 Story Louise January 4 2007 New York Times to Sell 9 Local TV Stations The New York Times Retrieved August 23 2008 a b The New York Times Company Reports April Revenues Press release The New York Times Company May 17 2007 Archived from the original on July 22 2012 Retrieved August 23 2008 On May 7 2007 the Company sold the Broadcast Media Group consisting of nine network affiliated television stations their related Web sites and the digital operating center for approximately 575 million Times The New York 2007 05 07 About com Buys ConsumerSearch com The New York Times ISSN 0362 4331 Retrieved 2019 09 13 The New York Times Company Enters The 21st Century With A New Technologically Advanced And Environmentally Sensitive Headquarters PDF Press release The New York Times Company November 19 2007 Archived from the original PDF on August 24 2008 Retrieved August 23 2008 Bensinger Greg July 14 2009 New York Times to Get 45 Million for Radio Station Bloomberg News Retrieved July 18 2009 New York Times agrees to sell regional news group The Boston Globe December 27 2011 Retrieved December 30 2011 Sass Erik March 12 2012 NYT Pay Wall Could Bring 100M Annually Media Daily News Retrieved March 13 2012 Christine Haughney August 3 2013 New York Times Company Sells Boston Globe The New York Times Retrieved 4 August 2013 Red Sox Principal Owner to Buy Boston Globe Newspaper The Wall Street Journal August 3 2013 Retrieved August 5 2013 Owens Simon March 21 2018 Inside The New York Times s post acquisition strategy for Wirecutter Medium Retrieved 20 December 2021 The New York Times Company acquires Audm an app that turns longform journalism into audio TechCrunch 23 March 2020 Retrieved 2020 04 17 The New York Times Company Acquires Serial Productions and Forms a Strategic Alliance with This American Life www businesswire com 2020 07 22 Retrieved 2020 07 23 NYT promotes Kopit Levien to CEO role Financial Post Reuters 22 July 2020 Retrieved 9 September 2020 Tracy Marc 2 February 2022 The Times hits its goal of 10 million subscriptions with the addition of The Athletic The New York Times Archived from the original on 19 July 2022 The New York Times Company to Acquire The Athletic investors nytco com Retrieved 2022 01 07 NYT promotes Kopit Levien to CEO role The New York Times New York Times Company 31 January 2022 Retrieved 2 February 2022 a b Deveau Scott 11 August 2022 New York Times Is Targeted by Activist Investor Pushing for Subscriber Only Bundles Bloomberg com Retrieved 11 August 2022 New York Times Timeline 1941 1970 The New York Times Company Archived from the original on September 7 2008 Retrieved September 16 2008 Kozinn Allan October 21 1992 WQXR AM to Change Its Format to Popular Music From Classical The New York Times Retrieved September 16 2008 Blumenthal Ralph December 2 1998 WQEW AM All Kids All the Time The New York Times Retrieved September 16 2008 Family Radio Returns To New York RadioInsight Archived February 21 2015 at the Wayback Machine November 21 2014 Bensinger Greg July 14 2009 New York Times to Get 45 Million for Radio Station Bloomberg News Archived from the original on February 16 2012 Retrieved July 18 2009 Business Units The New York Times Company Archived from the original on August 30 2008 Retrieved August 29 2008 The New York Times Company a leading media company with 2007 revenues of 3 2 billion includes The New York Times the International Herald Tribune The Boston Globe 16 other daily newspapers WQXR FM and more than 50 Web sites including NYTimes com Boston com and About com The Company s core purpose is to enhance society by creating collecting and distributing high quality news information and entertainment FAQs The New York Times Company SCHEDULE 13D A Amendment No 11 Securities and Exchange Commission January 1 2018 Retrieved June 5 2021 Dash Eric January 19 2009 Mexican Billionaire Invests in Times Company The New York Times Retrieved July 1 2012 a b c d Laya Patricia Smith Gerry January 14 2015 Billionaire Carlos Slim Doubles Holdings in New York Times Bloomberg News Retrieved June 20 2015 Saba Jennifer October 6 2011 Carlos Slim increases stake in NY Times Reuters Retrieved July 1 2012 Carlos Slim becomes top New York Times shareholder Reuters January 14 2017 The New York Times Company Notice of 2016 Annual Meeting and Proxy Statement PDF The New York Times Company March 22 2016 Retrieved October 28 2016 Annual Report pursuant to Section 13 or 15 d of the Securities Exchange Act of 1934 for The New York Times Company Form 10 K Securities and Exchange Commission February 24 2016 Retrieved October 28 2016 See Item 12 which states The information required by this item is incorporated by reference to the sections titled Principal Holders of Common Stock Security Ownership of Management and Directors and The 1997 Trust of our Proxy Statement for the 2016 Annual Meeting of Stockholders Stiles Andrew 27 May 2016 New York Times Is Very Concerned About Billionaire Media Investors But Not Their Billionaire Investor Heatstreet Dow Jones amp Company Inc Retrieved 29 May 2016 Slim doubled his stake in the Times to 16 8 percent last year after exercising options tied to a 250 million loan he gave the company that helped it survive the financial downturn in 2009 His current stake in the company is valued at more than 300 million Board of Directors NYTCo Retrieved May 1 2022 The New York Times Company Announces Four Winners of Its First Nonprofit Excellence Awards Press release The New York Times Company June 28 2007 Retrieved December 10 2008 Carnegie Corporation of New York New York Times I Love My Librarian Award winners announced Press release American Library Association December 8 2008 Archived from the original on February 20 2011 Retrieved February 3 2009 Healy Patrick Times s Outstanding Playwright Award Goes to Kristoffer Diaz ArtsBeat Retrieved 2017 02 12 Joseph Chris 2011 08 31 Tarell Alvin McCraney Brings His Award Winning The Brothers Size Home to Miami Miami New Times Retrieved 2017 02 12 The New York Times Company Dan LeFranc Wins the 2010 New York Times Outstanding Playwright Award For Sixty Miles to Silver Lake investors nytco com Retrieved 2017 02 12 External links Edit Wikimedia Commons has media related to The New York Times Company Official website International New York Times The New York Times Company records 1836 2000 The New York Public Library New Yimes Times building Archived February 9 2010 at the Wayback Machine Business data for The New York Times Company BloombergGoogleSEC filingsYahoo Retrieved from https en wikipedia org w index php title The New York Times Company amp oldid 1143292120, wikipedia, wiki, book, books, library,

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