Sign up for our daily Hollywood newsletter and never miss a story. Who Owns The New York Times? - FourWeekMBA Indeed, A. G. Sulzberger owns a 1.3% of Class A stocks and 92% of Class B stocks. NEW YORK (JTA) On Thursday, The New York Times announced that its publisher, Arthur Ochs Sulzberger Jr., 66, is stepping down at the end of the year and will be succeeded by his son, 37-year-old Arthur Gregg (A.G.) Sulzberger. Per a 1986 agreement, any Class B shares sold outside the family would be automatically converted to Class A shares. . At the vortex of the evening's power and prestige stood a tuxedoed man, chairman of the New York Times Company and the museum's board, a man who, for all his status, was unfamiliar to most Americans--Arthur Ochs Sulzberger, known since childhood as "Punch.". The New York Times Isn't For Sale, But That Could Change Soon Family That Owns The New York Times Reportedly Had Slaves, Supported [6] While there, he revealed that membership of the Narragansett Lions Club was not open to women. My name became public 25 years ago this week. Sulzberger graduated from the Browning School in New York City. There are obvious comparisons to be made to the Rockefellers or the Kennedys in the dynasty field, but the authors never get there. In 1992, Sulzberger relinquished the publisher's job to his 40-year-old son, Arthur Ochs Sulzberger Jr., but remained chairman of The New York Times Co. Unmasking the unethical business practices of the fashion brand, Is Telekinesis real? 15 million digital subscribers is a wildly ambitious target, which the paper might achieve if Donald Trump becomes president again. Arthur Gregg Sulzberger, Chairman & Publisher Diane Brayton, Exec. For me, fashion is life, and life is art, she writes on her Palin Can Suck A Dick And Leave Us All Alone.. Unlike other news outlets, we havent put up a paywall. Arthur Ochs Sulzberger raised his son, Arthur Ochs Sulzberger Jr., in his wifes Episcopalian faith. Mark Thompson ushered The New York Timesinto the digital age: during his tenure, the papers digital readership jumped from 640,000 to more than five million subscribers. [8], Sulzberger remained chairman of Times board until December 31, 2020, when he passed that position to his son as well.[9]. For as little as $6/month, you will: Were really pleased that youve read X Times of Israel articles in the past month. [35] A.G. Sulzberger became the chairman of The New York Times Company on January 1, 2021. citing his family. Rebecca Van Dyck. [3] He is a grandson of Arthur Hays Sulzberger and great-grandson of Adolph Ochs. The current chairperson, A.G. Sulzberger, took over from his father, Arthur Ochs Sulzberger Jr., in early 2021. Berkeley, Sulzberger Jr. spoke to Orville Schell, then the dean of the Graduate School of Journalism, in front of a large audience. The familial exchange of power wasnt unexpected. Or, if you prefer, you can just keep tuning in to Succession and keep up with their fictional counterparts: the Pierces. It was not the biggest newspaper in New York and certainly not the best written. I trust that such a puffball could not get past the Times's own editors, and I hope it stays that way--for whatever reason. In this case, the authors often tell us what Punch was thinking, feeling, or planning in a way that could only have come from him. The 42 Best Romantic Comedies of All Time, The 25 Best Shows on Netflix to Watch Right Now, Inside Ivanka Trump and Jared Kushners Gilded Florida ParadiseFar From Donald Trump or 2024, Chaos lingers at the periphery, but the Trump-Kushner marriage is thriving in exile. Ochs initiated the family's ownership of the Times after he bought the paper in 1893. "[41] In 2020, Sulzberger voiced concern about the disappearance of local news, saying that "if we don't find a path forward" for local journalism, "I believe we'll continue to watch society grow more polarized, less empathetic, more easily manipulated by powerful interests and more untethered from the truth. There would be no special attention, no special sensitivity, no special pleading, Leff wrote. The Sulzberger and Newhouse Families | Observer Ad Choices. The Trust: The Private and Powerful Family Behind The New York Times, by Susan E. Tifft and Alex S. Jones. [6], Sulzberger worked as a reporter for The Oregonian newspaper in Portland from 2006 to 2009, writing more than 300 pieces about local government and public life, including a series of investigative exposs on misconduct by Multnomah County Sheriff Bernie Giusto. This polarization of political views could have many effects on the politics of the nation - both in the upcoming (2016) presidential election and societal developments in the future. Katie, lives in Marthas Vineyard and has sought to promote awareness He also The demand for news increased due to the BLM movement and the Presidential campaign. [2][30] Though The New York Times is a public company, all voting shares are controlled by the Ochs-Sulzberger Family Trust. A new general-assignment reporter named A. G. Sulzberger was banging around the city, writing about a Third Avenue flop house upstairs from J. G. Melon, a high-end burger joint; about the maiden . Diane Baker, a former chief financial officer of the New York Times Company, described him as having the personality of a 24-year-old geek, and (gasp!) But the authors are not inclined to criticize the paper on other matters, such as its failure to report on some of the early scandals of the Reagan era or its obsessive focus on Clinton's Whitewater affair. A. G. Sulzberger - Wikipedia A.G. Sulzberger was employed as Chairman and Publisher of The New York Times during 2021. Restrictions apply. What it does produce, in the case of His newspaper would not only carry "all the news that's fit to print" (the slogan was Ochs's own) but would "give the news impartially, without fear or favor, regardless of party, sect or interests involved.". Young Iphigene was certainly bright enough and even tried to disguise herself to get a job on the newspaper, but she was deemed ineligible to inherit the newspaper because of her gender. Ochs Sulzberger family members pressured NY Times management to restore I asked people for advice, and just the sentiment was that it was a great journalism company, but maybe the best days of its business were behind it,she toldThe New York Times. But dig even a little bit into the Sulzberger legacy and youll find even more cause for celebration. The Panic of 1893 hit the paper hard, and by 1896, The New York Timeshad less than 10,000 readers and was losing $1,000 a day. Divorced: 1965. More seriously, the attention to the family makes this an uneven book as an institutional history of the Times. Does it matter that the paper used to be conservative and is now liberal? At the center is the legal trust that governs how the family manages its ownership. How old is Arthur Ochs Sulzberger Jr.? Armstrongs long road to showrunner began with a film script he wrote more than a decade ago called Murdoch, and it was the tabloid-friendly, nouveau riche families like the Murdochs, the Trumps, and the Redstones that inspired Successions clan of striving and conniving Roys. He approved the institution of a paywall in 2011, which people considered a risky move, but turned out to be the focal point of The New YorkTimesdigital business model. His length of term was indeterminate, and the grounds and method of his removal were ambiguous. He is the sixth member of the Ochs-Sulzberger family to serve in the role. [15][16][17] He was the lead author of the 97-page report,[11][15] which documented in "clinical detail" how the Times was losing ground to "nimbler competitors" and "called for revolutionary changes". [11][12] The 2017 film Kodachrome, directed by Mark Raso, is based on his 2010 article about a rural community that became the last place to develop Kodachrome film. The New York Times repaid his loan in 2011 but allowed Carlos to purchase shares via warrants expiring in January 2015. [1], He attended Ethical Culture Fieldston School and Brown University, graduating in 2003 with a major in political science. Sulzberger Family Place Sells for $10.25 million on Central Park West Park Bo-gum was born on June 16, 1993. Nevertheless, she was reluctant to join the paper after it offered her the top position in advertising. The revelations that have leaked from Prince Harrys memoir, Monica Lewinsky: 25 Randoms on the 25th Anniversary of the Bill Clinton Calamity. Today, the Ochs-Sulzberger family, through several trusts, notably the Ochs-Sulzberger Trust, controls about 91 percent of the stock that elects 70 percent of the company's board members. The family owns about a fifth of the paper and controls it via a special class of voting shares. Married to Matthew ROSENSCHEIN, Jr. Arthur Ochs Sulzberger (1926 - 2012) - Genealogy - geni family tree Even so, there is much to enjoy in this family and institutional tale, beginning with the dynastic founder, Adolph Ochs, the son of Jewish immigrants from Furth, Germany. In the same period, thousands of corporate executives got promoted, led the way to 7 or 10 or 15 quarters of profitability, then cashed in and passed from the American scene with hardly a trace. This is true of many big businesses, but what is interesting about the Times is that it has a "public trust" role that normal, profit-maximizing companies don't have. He was the youngest of four children and was affectionately called "Punch" by family and friends, having . The Open Database Of The Corporate World. The authors keep a consistent focus on the family. He is of German ancestry. Married to HOLMBERG. Check this off your list and sleep better at night knowing your family won't suffer when disaster strikes. [18] The Innovation Report was leaked to BuzzFeed News in March 2014. The family owns about a fifth of the paper and controls it via a special class of voting shares. Sulzberger moved The New York Timesto the internet in 1996. Counsel & Corp. Sec. Meet the brand-new players on the board this season. And if you dont be a little more careful, I may nuke you!. He will assume the title chairman emeritus, the company said. shopper. Born: 27 Dec 1923, New York, NY. Who owns The New York Times? Everything you need to know Pleasant Avenue . [19], Sulzberger was named associate editor for newsroom strategy in August 2015. She could, however, supply a successor by marrying one, and she found Arthur Hays Sulzberger, a businessman whose Jewish ancestors had settled in New York in the eighteenth century. Revised several times, the Sulzberger trust now states that the power and money are held principally by the 13 cousins in Arthur, Jr.'s generation. Sulzberger Jr. no doubt made some bad business decisions, including fumbling the 2014 firing of Times executive editor Jill Abramson in a rare high-profile move that put the Sulzbergers exactly where they prefer not to be: in the public eye. He is of German ancestry. Arthur Gregg Sulzberger, son of the current publisher, helped put together the internal Innovation Report, which outlined the challenges facing the paper. "[42], Through his father, Sulzberger is a grandson of Arthur Ochs "Punch" Sulzberger Sr., great-grandson of Arthur Hays Sulzberger, and great-great-grandson of Adolph Ochs. Journalist and politician Henry Jarvis Raymond and George Jones foundedThe New York Timesas theNew-York Daily Timesin September 1851. Arthur Ochs Sulzberger Jr. was raised in his mothers Episcopalian faith and later stopped practicing religion. He thought they needed no state or political and social institutions of their own. 'I figured I'd give it a year': Arthur Sulzberger Jr on how the New Not coincidentally, Punch gradually emerges as the hero--the businessman with unerring judgment, the publisher with the noblest of journalistic instincts, the dutiful son, and the conscientious legatee. Well theres David Perpich, nephew to Sulzberger Jr., who helped run a DJ-training school called Scratch DJ Academy. Married to Ben Hale GOLDEN. The broadcaster faces an uncertain future, Who owns Nespresso? If so, please join The Times of Israel Community. In a 2005 New Yorker profile about him also titled The Inheritance, famed Times writer and author of the definitive history of the Times, The Kingdom and the Power, Gay Talese told author __ Ken Auletta__ cooly, You get a bad king every once in a while.. But at other times, the approach has its drawbacks. It's also a situation where you can prepare yourself for the calling, but it's considered unseemly to campaign for it. Logan Roy announces his intention to acquire PGM, a media company owned by the Pierce family, which opens the door for Armstrong to aim his razor-sharp wit at what Logan calls those blue-blooded fucks of the old media world. Theres also a one-day orientation session for kids turning 18 or 21or people marrying into the familyto learn about the legacy of the Ochs-Sulzbergers. Do we think Successions Tom had to attend Roy family orientation in order to marry Shiv? Arthur Sulzberger Net Worth, Biography, and Insider - InsiderTrades.com On the other hand, there are many limits on the publisher's power. But as fun and fascinating as some of these extra-credit Sulzbergers may be, its very likely that it was Sulzberger Jr. himself who inspired Armstrong to dig into this other brand of New York dynastic power. Tell us a little bit about that, and what effect you think it has on how this great paper can comport itself in the world. Sulzberger, trained since childhood for this job, swiftly deflected: Theres a lot behind that question. In 1861, it started publishing a Sunday edition to give daily updates on the Civil War. Looming at one end of that shelf is the standard-setting Kingdom and the Power by Gay Talese, flanked by the memoirs of such Times authors as Scotty Reston, Russell Baker, and Max Frankel. Should he have? 20% of the New York Times Co. (NYT) is owned by the Sulzberger family. From 1997 until 2020, Sulzberger was the chairman of The New York Times Company and the publisher of The New York Times from 1992 to 2018. Why the Sulzberger family should sell the New York Times | Fortune While criticism from the Jewish community under his tenure was less harsh than during his grandfathers time, many, particularly on the right, still saw the newspaper as being biased against Israel. At the start, he committed the Times to a journalistic program of conservatism, thoroughness, and decency that provided the blueprint for its eventual success. On this Wikipedia the language links are at the top of the page across from the article title. The Ochs-Sulzberger family's reported connection to slavery and the Confederacy is linked to Adolph Ochs and his mother Bertha Levy Ochs, according to the New York Post. Had The Times highlighted Nazi atrocities against Jews, or simply not buried certain stories, the nation might have awakened to the horror far sooner than it did, Jones and Tifft wrote. Its been around for two decades shy of two centuries, winning more Pulitzer Prizes of any newspaper. Don't overpay for pet insurance. Free and open company data on New Zealand company SULZBERGER FAMILY TRUSTEE COMPANY LIMITED (company number 4114618), 3 Oakwood Drive, Highlands Park, New Plymouth, 4312. Wedding", "Ex-New York Times Publisher Arthur Sulzberger Jr. R. Anthony Benten, Sr. VP, Treasurer & Chief Accounting Officer Robert Denham, Independent Director Doreen Toben, Independent Director Brian McAndrews, Presiding Independent Director Rachel Glaser, Independent Director John Rogers, Independent Director Hays Golden, son of Arthur Check out our website to get your 3-Month Emergency Food Kit and learn about our full product line of survival and preparedness gear. Rebecca Van Dyck has served as a member of the Board of Directors of The New York Times Company since 2015. Married to Orvil Eugene DRYFOOS. Frustratingly, though, the authors settle for chronicling the family's history and do little by way of interpreting it. integrity of lighthouses, according to a long letter she wrote to a That access is one of the book's many virtues, but it also has a downside. Sulzberger Will Shows Heirs Want to Sell his New York Times Stock In high school he went on a trip to Israel that left him slightly intrigued by his background, Jones and Tifft wrote. teachers, and even a fashion stylist. Both the Sulzberger and Graham families, which own controlling interests in their companies, have safeguarded quality journalism with the dynastic succession. This is a remarkable family business book. And with a dynamic new C.E.O. Critics said the newspaper failed to give adequate coverage to Nazi atrocities committed against Jews, a charge that The Times later owned up to. Thank you, David Horovitz, Founding Editor of The Times of Israel, 2023 The Times of Israel , All Rights Reserved, Arthur Ochs Sulzberger Jr. speaking at The New York Times New Work Summit in Half Moon Bay, California, February 29, 2016. [16][20] In that role, he was part of the group that outlined the Times' plan to double the news outlet's digital revenue by 2020 and increase collaboration between departments,[2][21] dubbed "Our Path Forward". Meredith had big shoes to fill, but she expressed confidence in her ability. Carl Sulzberger Obituary (2023) - Livingston, NJ - The Star-Ledger Despite running the paper of record for over a century, the Sulzbergers (or Ochs-Sulzbergers, as theyre sometimes called) arent quite a household name outside New York media and certain social circles. Sulzberger, a Reform Jew, was an outspoken anti-Zionist at a time when the Reform movement was still debating the issue. Does it make sense for the newspaper to entrust its fate to 13 unaccountable millionaires who acquired their money and influence through birth? Do you rely on The Times of Israel for accurate and insightful news on Israel and the Jewish world? Arthur Ochs "Pinch"[1] Sulzberger Jr. (born September 22, 1951) is an American journalist. Sulzberger also improved the paper's bottom line, pulling it and its parent company out of a tailspin in the mid-1970s and lifting both to unprecedented profitability a decade later. ger ( slz'brg-r ), Marion B., U.S. dermatologist, 1895-1983. However, his reign as owner almost sankThe New York Times. They are toughest on the Times in those areas where the newspaper has already admitted its faults--such as the Holocaust coverage, the decision to play ball with JFK over the Bay of Pigs (and thus enable the ensuing disaster), or the Times's late arrival in lifestyle coverage, where it trailed The Washington Post (for which, I should divulge, I served as a regional correspondent for eight years). This website may also be used to share memories and condolences with the Sulzberger family. Not so with the publishers of The New York Times--for one thing, they tend to stay in power a long time. Born: 1921. Fifth Generation Of Sulzberger Family Takes Leading Role At 'New - NPR
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