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Who owns the new york times?

BingMag Explains who owns the new york times

The New York Times is owned by The New York Times Company, a publicly traded company. The ownership is distributed among various shareholders.

The New York Times is a publicly traded company, meaning it is owned by shareholders who hold its stock. However, the ownership structure of The New York Times Company is unique and differs from many other publicly traded companies.

The Sulzberger family has been associated with The New York Times for over a century and has played a significant role in its ownership and management. The company's controlling shareholders are members of the Ochs-Sulzberger family, who have maintained control through a dual-class share structure. This structure grants the family's Class B shares with ten times the voting power of the publicly traded Class A shares.

The Ochs-Sulzberger family's involvement in The New York Times dates back to 1896 when Adolph S. Ochs purchased the newspaper. Since then, the family has passed down ownership and control through several generations. Arthur Ochs Sulzberger Sr., who served as the publisher of The New York Times from 1963 to 1992, played a pivotal role in shaping the newspaper's modern identity and expanding its influence.

Arthur Ochs Sulzberger Jr., the son of Arthur Ochs Sulzberger Sr., succeeded his father as publisher in 1992 and held the position until 2017. He then became chairman of The New York Times Company. Under his leadership, the company underwent significant transformations, adapting to the digital age and expanding its online presence.

In 2020, Arthur Ochs Sulzberger Jr. stepped down as chairman, passing the torch to his son, A.G. Sulzberger. A.G. Sulzberger represents the fifth generation of the Ochs-Sulzberger family to lead The New York Times. This transition ensures the family's continued influence and control over the company.

While the Ochs-Sulzberger family maintains control through their Class B shares, the company's Class A shares are publicly traded on the New York Stock Exchange under the ticker symbol "NYT." This means that anyone can buy and sell shares of The New York Times Company, and the company's ownership is not limited to the family.

It is important to note that the ownership of The New York Times Company extends beyond the Sulzberger family. Various institutional investors, mutual funds, and individual shareholders hold Class A shares, which entitle them to economic benefits but not voting rights. These shareholders include both active investors and passive index funds.

The ownership structure of The New York Times Company, with the Ochs-Sulzberger family retaining control through their Class B shares, has been a subject of debate and criticism. Some argue that this structure allows the family to prioritize their own interests over those of other shareholders. However, the family has maintained that their control is essential to protect the newspaper's journalistic integrity and independence.

In summary, The New York Times is owned by a combination of the Ochs-Sulzberger family, who hold the majority of the voting power through their Class B shares, and various institutional and individual shareholders who own the publicly traded Class A shares. The family's multi-generational involvement in the company has shaped its direction and values, ensuring its continued influence in the ever-evolving media landscape.

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