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The New York Times Company
Janet L. Robinson is the CEO of The New York Times Company. The New York Times Company (NYSE: NYT) is an American media company which publishes major newspapers including The New York Times, The Boston Globe and the International Herald Tribune, along with about 20 other regional newspapers in the United States.
Originally called the New York Daily Times, the New York Times was first published on September 18, 1851. The newspaper was founded by Henry Jarvis Raymond and George Jones. A few years later, in 1856, Raymond was also one of the founders of the Associated Press.
Adolph S. Ochs acquired the New York Times in 1896, and he led the newspaper to achieve the international prominence it holds today. Ochs coined the newspaper's slogan "All The News That's Fit To Print." The Times moved into a new office building at the beginning of the 20th century, and the area was named Times Square in 1904. Nine years later, the Times opened an annex at 229 43rd Street, which is the current company headquarters.
The New York Times nickname, "the gray lady," is thought to have been coined around 1950 and to be taken from the phrase "the Old Lady of Threadneedle Street," long used to describe the Bank of England.
The New York Times Company owns eight local television stations and two New York radio stations. It holds a stake in the Boston Red Sox and two paper mills in the US and Canada. It operates web sites through New York Times Digital and About.com, acquired in March 2005 from Primedia for $410 million.
The descendants of Adolph Ochs, principally the Sulzberger family, control the company through the Ochs-Sulzberger family trust. The trust owns a majority of the Class B shares and elects nine of 13 directors to the New York Times board. The family also owns about 19 percent of the Class A shares. Effectively, other owns of the Class A shares have no say in the management of the company.
In 2005, The New York Times Company had revenues of $3.4 billion. Contact Information
| Web Site: | www.nytco.com | | Telephone: | 212.556.1234 | | Fax: | 212.556.7389 | | Address: | 229 West 43rd Street
New York NY 10036
USA |
National Media Properties
Local Media Properties
Other The New York Times Company Properties
About, Inc.
Boston Red Sox Baseball Club (minority ownership)
Discovery Times Channel
New England Sports Network (approximately 80% ownership)
New England Sports Ventures (NESV)
Comments about The New York Times CompanyComments to date: 13. The most recent comments are below.| |
Larry Boston Ma. | Posted at 10:11am on Saturday, October 24th, 2009 | disappointed subscriber, What a jerk..? Keep watching FOX NEWS, you will be alright. Keep on thinking the world is going to end.
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mir kader dhaka.bangladesh | Posted at 6:01am on Monday, August 24th, 2009 | i want to send news your paper
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George Otieno Nairobi,Kenya | Posted at 6:00am on Monday, May 18th, 2009 | I like a journalist life. an yesterday when I was watching some movie {the outbreak} I meet your contact and I decided to surf the web.
I would be very happy if you consider me one of your workers in the us.
I hope to tell you more about me.
My e-mail address is ajojero@yahoo.com, phone number +254710200662
hope to hear from you.
thanks
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Eric Kallgren Boulder, Colorado USA | Posted at 2:27pm on Thursday, January 29th, 2009 | On January 29, 2009, the New York Post reported that the New York Times Company plans to sell its interest in the Boston Red Sox:
"The New York Times, which is scrambling to raise cash after downplaying its debt woes, reported a steep plunge in profit and said it hired an investment bank to sell its stake in the Boston Red Sox.
Fourth-quarter earnings fell 48 percent as print advertising continued to deteriorate. In another troubling sign, ad revenue from its Internet businesses, including the flagship site and About.com, declined for the first time after years of growth.
The Times, whose papers include the Boston Globe and the International Herald Tribune, is confronting the worst ad market in decades and deadlines to pay back millions of dollars in the next couple of years.
Yesterday, the company disclosed another potential cash pitfall: Its pension plan is facing a shortfall of $625 million, compared with just $48 million a year earlier, because of the tanking stock market."
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Eric Kallgren Boulder, Colorado USA | Posted at 1:29pm on Friday, December 19th, 2008 | On December 17, 2008, Reuters reported that the New York Times Company may sell its stake in the Boston Red Sox baseball team:
CHICAGO (Reuters) - New York Times Co (NYT.N) could raise at least $200 million if it sold its 17-percent stake in the Boston Red Sox baseball team to raise cash to counter the advertising decline that is gouging U.S. newspaper publishers, analysts and sports bankers said.
The Red Sox stake is as noncore an asset as you can get for the Times and would still be attractive to many buyers despite the recession, given the team's success and popularity, according to the analysts and bankers.
"Sports teams are high on the list when media companies look to sell noncore assets, typically because they command strong valuations and generate limited amounts of cash flow," Fitch Ratings analyst Mike Simonton said.
As recent examples, he cited Time Warner Inc's (TWX.N) sale in 2007 of the Atlanta Braves and the push by Tribune Co this year to sell the Chicago Cubs to pay down heavy debt that led the publisher to file for bankruptcy on December 8.
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Eric Kallgren Boulder, Colorado USA | Posted at 2:17pm on Wednesday, December 10th, 2008 | On December 9, 2008, the Financial Times reported that the New York Times Company is looking at asset sales to stay afloat:
The New York Times is considering potential asset sales and is in discussions with lenders as it prepares for one of the “most challenging years” in its history.
Advertising revenue fell sharply at the paper in November, dragged down by weaker spending in the entertainment, property and automotive advertising categories.
Executives said that assets were under review, but did not specify which were being targeted. When asked about potential buyers, Janet Robinson, chief executive, said the review was focused internally, but added: “We’re in contact with people in the community.”
Company-watchers have identified its New England newspapers – including the Boston Globe – and its 17 per cent stake in the Boston Red Sox baseball team.
But the company is not up for sale, Ms Robinson said. She said the Sulzberger family, which holds a controlling stake, “has made it very clear internally and externally they have no intentions of selling the company”.
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disappointed subscriber Valparaiso, IN | Posted at 9:31am on Friday, September 5th, 2008 | Shame on you for your BIASED coverage of the presidential election!... I will not waste my money on your trash anymore!!! I am a proud American who doesn't need the liberal media to do my thinking for me!
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John New Jersey | Posted at 11:58am on Sunday, July 27th, 2008 | I have written several letters to the editor of New York Times about their liberal bias. None were printed. I have now found a place where I can publish my letter - publishaletter.com
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Ethel Haines Brielle, NJ | Posted at 7:58am on Monday, April 21st, 2008 | I am disappointed that the NY Times, which my husband and I read every day, did not print a head line story about President Bush and his orders to TORTURE. It is still new news and I hope to read about it and soon.
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Grant Langdon Cincinnati, Ohio | Posted at 1:42am on Wednesday, March 26th, 2008 | After I told a NY times reporter our sheriff gave a lie detector test to a fireman and he faild it, the Sheriff, who was protecting that person, arrested my son to shut me up. I wrote a book about what happened titled Scandal in the Courtroom, Found Guilty without Trial. My web sit is grantlangdon.com
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