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Who owns The New York Times? - Quora The familial exchange of power wasnt unexpected. But in the early decades of the twentieth century, the Times was struggling. The irresistible contrast between the Roy and Pierce families couldnt be clearer. Berkeley, Sulzberger Jr. spoke to Orville Schell, then the dean of the Graduate School of Journalism, in front of a large audience. . Act now and get $200 worth of FREE Survival Gear. Married to Andrew HEISKELL. Arthur Ochs "Pinch" Sulzberger Jr. (born September 22, 1951) is an American . Find company research, competitor information, contact details & financial data for SULZBERGER REALTY PTY. Arthur Ochs Sulzberger raised his son, Arthur Ochs Sulzberger Jr., in his wifes Episcopalian faith. The authors routinely refer to Punch as "powerful" or "influential," yet they spend little time discussing the nature of that power. To revist this article, visit My Profile, then View saved stories. Divorced: 1965. In retaliation, an angry Sulzberger pulled the family's personal holdings, approximately $200 million in New York Times stock, from an account at Morgan Stanley. Kopit became CEO during a once-in-a-century pandemic that cut the papers revenue by more than half. Jyoti Mann Big business "nepo babies" include, clockwise from top left, Delphine Arnault, David Lauren, Lachlan Murdoch, Shari Redstone, Eric Trump, and Donald Trump Jr. GETTY IMAGES A "nepo baby,". 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. Sometimes that focus sheds light on how decisions are really made at the top. Back in 2002 at U.C. Counsel & Corp. Sec. Highly assimilated, the Ochs-Sulzberger clan nevertheless occupies a position of tremendous visibility and responsibility among American Jewry. Sulzberger was born in Mount Kisco, New York, one of two children of Barbara Winslow (ne Grant) and Arthur Ochs "Punch" Sulzberger Sr.[2] His sister is Karen Alden Sulzberger, who is married to author Eric Lax. Could Sulzberger Stupidity Cause NYT Collapse? | Newsbusters Unlock Case Solution. 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. A.G. Sulzberger is part of a generation at the paper that includes his cousins Sam Dolnick, who oversees digital and mobile initiatives, and David Perpich, a senior executive who heads its Wirecutter product review site. 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. In these capacities, Sulzberger was involved in planning the Times's automated color printing and distribution facilities in Edison, New Jersey, and at College Point, Queens, New York, as well as the creation of the six-section color newspaper. But as Beyer would soon realize, Finchs past wasnt what she claimedand Beyers own difficult history was up for the taking. The retailers demise explained, Is UNICEF a good charity? Katie, lives in Marthas Vineyard and has sought to promote awareness The option is a lower price,Carlos told Reuters. What is the nature of the Times's power? Arthur Sulzberger Net Worth, Biography, and Insider - InsiderTrades.com As publisher, chairman, and CEO, Punch was selected by a self-perpetuating, private, secretive body. Married: 1958. [2][3] At Brown, Sulzberger worked briefly for The Brown Daily Herald as a Contributing Writer. (Takes a family dynasty to know one?) Inside Sheins controversial culture, Does Noom really work? In 1896, Adolph Simon Ochs, the publisher of theChattanooga Times,purchased a controlling stake in the company. New York Times Under Fire for 'Inaccurate, Misleading' Report on The New York Times now runs primarily via a subscription-based model, where digital subscriptions contributed over $426 . The Jewish issue, which the family is quite conscious of but reticent about discussing, also gets its due in The Trust. We all have more of a stake in what The New York Times does than in what a potato chip manufacturer does. The Ochs-Sulzberger family is a great American family that has served our nation in war and peace since its founding. George Jones took over as publisher after Henry Raymonds death in 1869. flexes his editorial muscle on his Facebook page: Alex Thinks Sarah It's also a situation where you can prepare yourself for the calling, but it's considered unseemly to campaign for it. For this book, they certainly did their homework. In theory, at least, Arthur, Jr., could run the paper into the 2030s. 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. The younger Sulzberger is the sixth member of the Ochs Sulzberger clan to serve as publisher of the prominent New York newspaper. With his arrival in the narrative, the authors of The Trust develop two of their major themes--the recurring crisis over finding a male family member to run the company and the sporadic significance of the family's Jewishness. It can be intimidating company. On the other hand, there are many limits on the publisher's power. Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. Sulzberger Will Shows Heirs Want to Sell his New York Times Stock 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. On the opposite coast, The Los Angeles Times provides a cautionary tale: When the Chandler family dropped its active running of the paper, they turned to the cereal maker Mark Willes from General Mills, whose only prior involvement with the newspaper business was as a reader. By the end of the book, he looms even larger than the founder, and he dwarfs Arthur, Jr. A.G. Sulzberger speaks onstage at the Committee to Protect Journalists' 29th Annual International Press Freedom Awards on Nov. 21, 2019, in NYC/ Getty Images It's hard to think of any other important American company a public one at that with such a long line of family succession, but it's easy to imagine how the Times' social . Theyre not QAnon. It should be noted that members of the Bancroft clan said in 2011 that they regretted selling their familys paper off, though theres an argument to be made that Murdoch was actually the best thing that could have happened to that paper. The tradition of handing down the paper from father to a firstborn son also named Arthur is such an obviously medieval practice at the New York Times that Sulzbergers dad and predecessor, Arthur Ochs Pinch Sulzberger Jr., kept a Steuben crystal sculpture of a gold-handled Excalibur embedded in stone on his deska gift and potential Shiv Roy-worthy act of passive aggression from his passed-over sisters when he was named publisher and the familys next kingArthur. Sulzberger Name Meaning & Sulzberger Family History at Ancestry.com.au The Sulzbergers: Inside The Family That Controls The New York Times Arthur Ochs Sulzberger Jr. - Wikipedia A.G. praised Arthurs impact extensively after he announced his retirement:Our success today is directly attributable to his singular focus on the long term, his embrace of innovation and his sustained investment in quality, original journalism.. At Meta, she previously served as chief marketing officer of AR/VR from 2017 to 2020, and . Or alternatively, change is made by outsiders like Ted Turner, who created CNN and, with it, the 24-hour news cycle. He was the son of Arthur Hays Sulzberger, chairman of the board of the New York Times Company, and of Iphigene Bertha, ne Ochs, through whom he was a descendant of Adolph Ochs, the founder of the New York Times. . SULZBERGER FAMILY TRUSTEE COMPANY LIMITED :: New Zealand :: OpenCorporates As a publisher, he oversees the news outlet's journalism and business operations. However, the paper remained afloat due to ever-rising subscribership. The family owns about a fifth of the paper and controls it via a special class of voting shares. And with a dynamic new C.E.O. But in this era of dwindling journalistic revenue, the major old media families like the Grahams (of Washington Post/The Post fame), the Bancrofts (the Wall Street Journal), the Chandlers (the Los Angeles Times), and the Taylors (the Boston Globe) have all left the business, leaving only the Sulzbergers holding on. By way of summation, they offer this weak, celebratory comment: "[O]ver the course of more than a century, the magic and mission of The New York Times had somehow managed to last, in large part because of the ownership and guidance of one quite ordinary and quite remarkable family.". 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. Sulzberger graduated from the Browning School in New York City. He also owns a Hudson Valley mansion in New Paltz. Nevertheless, the critics havent affected its membership, with more people globally subscribing to the paper. The paper became more bi-partisan in the 1880s: it stopped supporting Republican Party candidates and became more analytical. Still, stories related to Jewish topics were carefully edited, said Goldman, who worked at the Times from 1973-1993. Those stories got a little more editorial attention, and Im not saying they were leaning one way or another, but the paper was conscious that it had this reputation and had this background and wanted to make sure that the stories were told fairly and wouldnt lead to charges of favoritism or of bending over backwards, he told JTA on Monday. [2], Sulzberger's mother was of mostly English and Scottish origin and his father was of German Jewish origin (both Ashkenazic and Sephardic). Registering also lets you comment on articles and helps us improve your experience. There would be no special attention, no special sensitivity, no special pleading, Leff wrote. Ochs-Sulzberger Heirs Campaign Against Nepotism Among Chasidic Jews The Sulzberger family: A complicated Jewish legacy at the New York A. G. Sulzberger - Wikipedia The Trust: The Private and Powerful Family Behind The New York Times New England Historic Genealogical Society - American Ancestors: #42 Royal Descents, Notable Kin, and Printed Sources: Yankee Ancestors, Mayflower Lines, and Royal Descents and Connections of Arthur Ochs Sulzberger Jr. "A Conversation on the Future of The New York Times: Arthur Sulzberger, Jr. and Dean Baquet in conversation with Jack Rosenthal", Roosevelt House Public Policy Institute at Hunter College, "A.G. Sulzberger, 37, to Take Over as New York Times Publisher", "New York Times chairman retires after 23 years leading the board", "Arthur Sulzberger, Jr. Receives the Light on the Hill Award from Tufts University, MA", "Publisher of The New York Times to Receive Honorary Degree from SUNY New Paltz, New York", "SUNY New Paltz Distinguished Speaker Series; An Evening with Arthur O. Sulzberger Jr", "Novel About Racial Injustice Wins National Book Award", "CUNY School of Journalism Journalistic Achievement Award at the 10th Annual Awards", "Robert Miller Named Chairman of NYC Outward Bound Board", "The Inheritance: Can Arthur Sulzberger, Jr., save the Timesand himself? For as little as $6/month, you will: Were really pleased that youve read X Times of Israel articles in the past month. The Pierce familywhose members have yet to appear onscreen but simmer in the background of this episodeappears to be based loosely on the Sulzberger clan, which has run the New York Times since 1896. Had NYT highlighted Nazi horrors, US 'might have awakened', Were really pleased that youve read, Please use the following structure: example@domain.com, Send me The Times of Israel Daily Edition. Family That Owns The New York Times Reportedly Had Slaves, Supported 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,. But when it comes to the antics of their personal lives, the Sulzbergers play their cards impossibly close to the vest. He became the publisher of The New York Times in 1992, and chairman of The New York Times Company in 1997, succeeding his father, Arthur Ochs Sulzberger. Please try again or choose an option below. This infusion of great actors, alone, is fantastic news for such a masculine-power-heavy show. Hays Golden, son of Arthur One hundred years later, the Times was the acknowledged leader of American journalism, and although it had become a billion-dollar operation, it was still a family paper, controlled by Punch Sulzberger and his sisters and cousins and their children. The Open Database Of The Corporate World. In 2005, a vicious profile in. The Ochs/Sulzberger family controls nine of the 13 seats on the company's board, through its ownership of separate voting-class stock. [17], Sulzberger married Gail Gregg in 1975, and the couple divorced in 2008. Sulzberger was stunned when he'd heard that Don Graham, a longtime friend and head of the family that owned the Washington Post, sold the paper to Amazon founder Jeff Bezos, according to. All rights reserved. We continue to explore other financing initiatives and are focused on reducing our total debt through the cash we generate from our businesses and other decisive steps.. The teller of the tale can be more or less critical, but the basic trajectory of the story is already set along the lines of a conventional success story--precisely the kind of story that journalists are trained to doubt and dislike. The Times was also quite conservative--both in its editorials and in its look. Two cheers for nepotism at the New York Times. - Slate Magazine Meredith Kopit Levien grew up in Richmond, Virginia, where she occasionally read The New YorkTimescourtesy of her New Yorker parents. [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". The Sulzberger family ownsThe New York Timesthrough The New York Times Company. How old is Arthur Ochs Sulzberger Jr.? Born:Dec 1918. We learn more, for example, about the Cohens and the Goldens and some other branches of the family than we need to. Sulzberger became the publisher of The New York Times in 1992, and chairman of The New York Times Company in 1997, succeeding his father, Arthur Ochs Sulzberger. But in season two, episode three, Hunting, a new kind of player enters the game. Files for Divorce", The New York Times & 9/11: Arthur Ochs Sulzberger Jr. Interview (2001), https://en.wikipedia.org/w/index.php?title=Arthur_Ochs_Sulzberger_Jr.&oldid=1129708197, Tufts University School of Arts and Sciences alumni, Short description is different from Wikidata, Wikipedia pending changes protected pages, Pages using infobox person with multiple parents, Creative Commons Attribution-ShareAlike License 3.0, The New York Times Syndicate & News Service, This page was last edited on 26 December 2022, at 19:14. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. [9] He became a national correspondent,[10] heading the Kansas City bureau and covering the Midwest region. Marian SULZBERGER. Victoria Dryfoos, daughter of 3/n Journalistically, the position is almost papal, in the sense that the best its holder can hope to do is to keep the institution going. Ochs himself turned the struggling New York Times into the gold. But that question of nondemocratic succession in ostensibly democratic America is exactly the subject Armstrong and his writers are eager to dig into. I know A. G. will not rest in his drive to empower our journalists and expand the scope of The Timess ambitions,Arthur said. Golden, is an economist seeking a Ph.D. at the University of Chicago. Pitbull is a pal, Carbone is for dinner, and, Palace Insiders Say Prince William Is Already Furious About Prince Harrys Memoir Leaks, Prince Harry alleges Prince William attacked him over Meghan Markle in a new excerpt from, Prince Harry on Williams Hairline and Their Wicked Stepmother. What have I observed and learned in the quarter century since? In other words, if Successions Pierce family works like the real-life Sulzbergers, then Logan Roy will need to get a family consensus before he can buy the company out from under them. But dig even a little bit into the Sulzberger legacy and youll find even more cause for celebration. The authors also provide the most detailed explanation to date of the family's business arrangements. Critics said the newspaper failed to give adequate coverage to Nazi atrocities committed against Jews, a charge that The Times later owned up to. Janet L. Robinson, chief executive of The New York Times Company, said: This agreement provides us with increased financial flexibility to continue to execute on our long-term strategy. A move to support Democrat Grover Cleveland in his first presidential campaign lost the paper a significant chunk of Republican readers, leading to a loss of revenue. Carl Sulzberger Obituary (2023) - Livingston, NJ - The Star-Ledger Because of the responsibility the Sulzberger family feels to maintain journalism's highest standards, the head of the Times is not even free to make as much money as possible. LTD. of HELENSVALE, QUEENSLAND. its publicly known that he likes Star Trek. The New York Times repaid his loan in 2011 but allowed Carlos to purchase shares via warrants expiring in January 2015. . Arthur Ochs Sulzberger, byname Punch, (born February 5, 1926, New York City, New York, U.S.died September 29, 2012, Southampton, New York), American newspaper publisher who led The New York Times through an era in which many innovations in production and editorial management were introduced. His paternal grandfather, Arthur Ochs Sulzberger, was Jewish, and the rest of his family is of Christian background (Episcopalian and Congregationalist). Earlier, they collaborated on a big history of another journalistic dynasty--the Binghams of Louisville. The New York Times Company's 2022 proxy statement reports: "Certain Members of the Ochs-Sulzberger Family Employed by the Company during our 2021 Fiscal Year. The younger Sulzberger is the sixth member of the Ochs/Sulzberger clan to become . Awards. Reuters commitment to independence threatened its merger with Thomson, Who owns BBC? 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? The Ochs-Sulzberger Family Trust owns basically all Class B shares. First of all, just to get it on the record, the family did go for talent. The audience erupted into laughter. Sulzberger met with President Donald Trump at the White House on July 20, 2018. Unmasking the unethical business practices of the fashion brand, Is Telekinesis real? Quinn-Hopping Funeral Home 145 E. Mt. The New York Times Co. - Case Solution - casehero.com The familial exchange of power wasn't unexpected. [3] He is a grandson of Arthur Hays Sulzberger and great-grandson of Adolph Ochs. [39][40], He has said that an independent press "is not a liberal ideal or a progressive ideal or a Democratic ideal. In a "Note on Sources," Tifft and Jones state that most of their material came from interviews with members of the Ochs-Sulzberger clan. Sulzberger Jr.s reign as Times publisher from 1992-2017 was a rocky one. [33] He became publisher on January 1, 2018,[34] succeeding his father Arthur Ochs Sulzberger Jr.,[25] although the elder Sulzberger remained chairman of The New York Times Company until the end of 2020.