The New York Times Company (NYSE The New York Stock Exchange is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, New York, USA. It is the largest stock exchange in the world by United States dollar value of its listed companies' securities. As of October 2008, the combined capitalization of all domestic NYSE listed companies was US$10.1 trillion: NYT) is an American The United States of America is a federal constitutional republic comprising fifty states and a federal district. The country is situated mostly in central North America, where its forty-eight contiguous states and Washington, D.C., the capital district, lie between the Pacific and Atlantic Oceans, bordered by Canada to the north and Mexico to the media company best known as the publisher of its namesake, The New York Times The New York Times is an American daily newspaper founded in 1851 and published in New York City. The largest metropolitan newspaper in the United States, "The Gray Lady"—named for its staid appearance and style—is regarded as a national newspaper of record. The Times is owned by The New York Times Company, which publishes 18 other. Arthur Ochs Sulzberger, Jr. Sulzberger was born in Mount Kisco, New York, the son of Barbara Winslow and the previous Times publisher Arthur Ochs Sulzberger, and the grandson of another Times publisher, Arthur Hays Sulzberger. He is married to artist and journalist Gail Gregg. They recently announced plans to end their marriage. According to the chronicle of the Sulzberger has served as Chairman of the Board since 1997.^[3]

Overview

History

The company was founded by Henry Jarvis Raymond Henry Jarvis Raymond was an American journalist and politician and founder of the The New York Times and George Jones George Jones was an American journalist who co-founded with Henry Jarvis Raymond the New-York Daily Times, now the New York Times, publishing its first issue on September 18, 1851 in New York, New York New York is the most populous city in the United States, and the center of the New York metropolitan area, which is among the most populous urban areas in the world. A leading global city, New York exerts a powerful influence over worldwide commerce, finance, culture, fashion and entertainment. As host of the United Nations headquarters, it is. The first edition of the newspaper The New York Times The New York Times is an American daily newspaper founded in 1851 and published in New York City. The largest metropolitan newspaper in the United States, "The Gray Lady"—named for its staid appearance and style—is regarded as a national newspaper of record. The Times is owned by The New York Times Company, which publishes 18 other, published on September 18 September 18 is the 261st day of the year in the Gregorian calendar. There are 104 days remaining until the end of the year, 1851 1851 was a common year starting on Wednesday (link will display the full calendar) of the Gregorian Calendar (or a common year starting on Monday of the 12-day-slower Julian calendar), 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."^[4]

Company holdings

The New York Times Company also owns The Boston Globe The Boston Globe is an American daily newspaper based in Boston, Massachusetts. The Globe has been owned by The New York Times Company since 1993. Its chief print rival is the Boston Herald. In 2008 the Globe's average weekday circulation fell to 350,605, down from 382,503, or 8.3%. Sunday circulation fell 6.5% to 525,959, the International Herald Tribune The International Herald Tribune is a widely read English-language international newspaper. It combines the resources of its own correspondents with those of The New York Times and is printed at 35 sites throughout the world, for sale in more than 180 countries. The IHT is part of The New York Times Company, almost two dozen other regional newspapers in the United States (15 of which publish daily), and one New York City New York is the most populous city in the United States, and the center of the New York metropolitan area, which is among the most populous urban areas in the world. A leading global city, New York exerts a powerful influence over worldwide commerce, finance, culture, fashion and entertainment. As host of the United Nations headquarters, it is radio station Radio broadcasting is an audio broadcasting service, traditionally broadcast through the air as radio waves (a form of electromagnetic radiation) from a transmitter to an antenna and a thus to a receiving device. Stations can be linked in radio networks to broadcast common programming, either in syndication or simulcast or both. Audio broadcasting, WQXR WQXR-FM is a classical radio station based in New York City, licensed to The New York Times. It broadcasts from the top of the Empire State Building, and is the most listened-to classical music station in the United States, with an average quarter-hour audience of 63,000. On the air since 1939, WQXR-FM is also one of the oldest continuously. In 2005, its Broadcast Media Group included 35 web sites, including NYTimes.com, Boston.com and About.com About.com is an online source for original information and advice, and was among the top 15 US Websites. It is written in English, and is aimed primarily at North Americans. It is owned by The New York Times Company.^[5]

In addition, it is a minority stakeholder in the Boston Red Sox The Boston Red Sox are a member of the Major League Baseball’s American League Eastern Division. Since 1912, the Red Sox's home ballpark has been Fenway Park. The "Red Sox" name originates from the iconic uniform feature, a position acquired as part of John W. Henry John William Henry II is a futures and foreign exchange trading advisor who founded John W. Henry & Company (JWH). He is the principal owner of the Boston Red Sox and co-owner of Roush Fenway Racing. In March 2006, Boston Magazine estimated his net worth at $860 million, but noted that his company had recently experienced difficulties. In May 2's purchase of the famed baseball team. The Boston Globe The Boston Globe is an American daily newspaper based in Boston, Massachusetts. The Globe has been owned by The New York Times Company since 1993. Its chief print rival is the Boston Herald. In 2008 the Globe's average weekday circulation fell to 350,605, down from 382,503, or 8.3%. Sunday circulation fell 6.5% to 525,959 and other New York Times Company-owned newspapers acknowledge this relationship in articles about the team.

Company stock profile

Since 1967 1967 was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar, The New York Times Company has been publicly traded and listed on the New York Stock Exchange The New York Stock Exchange is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, New York, USA. It is the largest stock exchange in the world by United States dollar value of its listed companies' securities. As of October 2008, the combined capitalization of all domestic NYSE listed companies was US$10.1 trillion by the symbol NYT. While the company offers two kinds of shares of its stock Investment or investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. Investing is the active redirection of resources: from being consumed today, to creating benefits in the future; the use of assets to earn income or profit, Class A and Class B, Class B shares are not publicly traded.^{[citations needed]} The Class B shares provide a mechanism by which the descendants of Adolph Ochs Adolph Simon Ochs was an American newspaper publisher and former owner of The New York Times and The Chattanooga Times (now the Chattanooga Times Free Press), who purchased the New York Times newspaper in 1896, maintain control of the company by holding nearly 90 percent of this "special class of stock."^[3]

Board of Directors

At the April 2005 Board meeting, Class B shareholders elected nine of the fourteen directors of the company.^[6]

2008-2009 financial challenges

The company's dual-class ownership structure has deterred outside investors from pushing for change in Ochs-Sulzberger control. As of 2008^[update] Two hedge funds A hedge fund is an investment fund open to a limited range of investors that is permitted by regulators to undertake a wider range of investment and trading activities than other investment funds and pays a performance fee to its investment manager. Each fund has its own strategy which determines the type of investments and the methods of, Harbinger Capital and Firebrand Partners^[7] bought 19 percent of The Times.^[8] On September 10, 2008, it was reported that Carlos Slim Carlos Slim Helú (Spanish pronunciation: [ˈkaɾlos slim eˈlu]), simply known as Carlos Slim (born January 28, 1940) is a Mexican businessman and philanthropist largely focused on the telecommunications industry. He is currently the third wealthiest person in the world with a net worth of around US$35 billion through his holdings, one of the world's wealthiest men, had acquired a 6.4 percent stake for $120 million. These moves put pressure on the company, whose advertising and circulation have faltered recently, to improve its return to shareholders. The downturn in print advertising sales has recently spread to the Internet, and the recent acquisitions of Times Company stock might put increasing pressure on the family to sell or take the company private to escape Wall Street Wall Street is a street in Lower Manhattan, New York City, New York, United States. It runs east from Broadway to South Street on the East River, through the historical center of the Financial District. It is the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood's attention.^[8] The newspaper is currently over one billion dollars in debt Debt is that which is owed; usually referencing assets owed, but the term can also cover moral obligations and other interactions not requiring money. In the case of assets, debt is a means of using future purchasing power in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall.^[9]

In December, 2008, the Times Co. said it planned to borrow up to $225 million against its new building, in which it has a 58 percent stake. The company retained Cushman & Wakefield Cushman & Wakefield is a privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction, the real estate firm, to act as its agent to secure financing, either in the form of a mortgage or a sale-leaseback arrangement, said James Follo, the Times Company's chief financial officer. The developer Forest City Ratner Forest City Enterprises is a $9-billion diversified real estate management and development company based in Cleveland, Ohio. Its portfolio includes interests in retail centers, apartment communities, office buildings and mixed-use projects in the U.S. The company has recently expanded into military housing communities owns the rest of the building.^[10] In March, 2009, a 15-year sale-leaseback for $225 million with WP Carey & Co. W. P. Carey & Co. LLC is a corporate financing firm headquartered in New York City. Founded in 1973 by Wm. Polk Carey, W. P. Carey and its CPA series of income generating funds specialize in helping companies and private equity firms free up capital by purchasing and leasing back their real estate assets on a long-term, triple net basis. With on the Times' share of the building was announced. The NYT Co. will have the right to buy back its part of the building, covered under the arrangement, for $250 million in 10 years, and will pay rent in the interem. The NYT Co. paid more than $600 million for its share of the building, in 2007. Both parties to the sale-leaseback expect the Co. to repurchase its space.^[11] Carey CEO A chief executive officer or chief executive is one of the highest-ranking corporate officers (executives) or administrators in charge of total management. An individual selected as president and CEO of a corporation, company, organization, or agency, reports to the board of directors. In internal communication and press releases, many companies Gordon DuGan said "We’re willing to trade a low purchase price and good yield for future appreciation," in a Bloomberg report. "Basically it’s a secured loan," said Craig Evans, a broker with Colliers ABR Inc., a New York-based real estate services firm (affiliate of Colliers International Colliers International is a worldwide affiliation of independently owned and operated companies with a global headquarters located in Boston, Massachusetts. Colliers Parrish International has a headquarters in San Jose, California with 12 offices throughout the Bay Area and Nevada. The name Colliers International is a Market-leading brand of), in the report. "It’s a way for them to borrow significant amounts of money against the value of their offices. And they’re paying a pretty significant price to do that."^[12]

On January 19, 2009, the Times Co. announced that it had accepted a $250 million loan from Slim.^[13] Slim will receive a 14 percent interest rate and warrants In finance, a warrant is a security that entitles the holder to buy stock of the company that issued it at a specified price, which is usually higher than the stock price at time of issue that are convertible A convertible security is a security that can be converted into another security, for example, a bond that under certain terms can be converted into equity into Times Company shares on the loan. He has lost tens of millions on his original equity In accounting terms, after all liabilities are paid, ownership equity is the remaining interest in assets. If valuations placed on assets do not exceed liabilities, negative equity exists investment. Under the new financial arrangement, the equity stake could grow to 17 percent, though he will receive no representation on the company’s board and no shares with special voting rights. Bankers representing The Times approached Mr. Slim with the investment opportunity, Slim advisers say. Those bankers, at the firm SunTrust SunTrust Banks, Inc. is an American bank holding company. The largest subsidiary is SunTrust Bank. It had $171.5 billion in assets as of June 30, 2008. SunTrust Bank's most direct corporate parent was established in 1891 in Atlanta, Georgia, where its headquarters remain. SunTrust Bank operates approximately 1,700 bank branches across Southern Robinson Humphrey, had first approached The Times with the idea of a deal with Mr. Slim, said a Times spokeswoman, Catherine Mathis.^[14] The loan will help ease the company's immediate cash flow problems, which have been reported to include a $400 million credit-line maturity in May.^[13] The notes have a six year maturity.^[12] The company's continuing financial problems and Slim's ongoing interest, as evidenced by his two interventions in the course of five months, has led to speculation that he might be contemplating an outright takeover of the Times Company.^[15]

On January 28, 2009, as the Times Co. reported its earnings plunged 48 percent in the fourth quarter because of lower advertising revenue in a weak economy, he also said it "had retained investment firm Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs , is a bank holding company that engages in investment banking, securities services and investment management. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street but has its secondary office at 30 Hudson Street, Jersey City, to help explore a sale of its stake in the company that owns the Boston Red Sox The Boston Red Sox are a member of the Major League Baseball’s American League Eastern Division. Since 1912, the Red Sox's home ballpark has been Fenway Park. The "Red Sox" name originates from the iconic uniform feature. Investors have been pressuring the company to sell assets .... The company holds a 17.8 percent stake in New England Sports Ventures New England Sports Ventures LLC is the parent company of the Boston Red Sox of Major League Baseball. The Boston-based limited liability company also owns Fenway Park and the Fenway Sports Group , plus 80 percent of the New England Sports Network and 50 percent of Roush Fenway Racing, a NASCAR team. NESV was founded in 2001 when John W. Henry, which owns the Boston baseball team as well as Fenway Park Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Yawkey Way, it has served as the home ballpark of the Boston Red Sox baseball club since it opened in 1912, and is the oldest Major League Baseball stadium currently in use, a portion of a cable sports network and other properties. The Times reported in December that its parent company was exploring a sale."^[16]

On January 28, 2009, The New York Times itself ran an op-ed An op-ed, abbreviated from opposite the editorial page , is a newspaper article that expresses the opinions of a named writer who is usually unaffiliated with the newspaper's editorial board. These are different from editorials, which are usually unsigned and written by editorial board members. Op-eds are so named because they are generally piece by David Swensen David F. Swensen has been the Chief Investment Officer at Yale University since 1985. He is responsible for managing and investing the University's endowment assets and investment funds, which total about $17 billion.Realizing an average annual return of 17.8 percent on his investments over the last ten years, Swensen has added more than $16, the author of Pioneering Portfolio Management and chief investment officer at Yale Yale University is a private university in New Haven, Connecticut, USA. Founded in 1701 as the Collegiate School, Yale is the third-oldest institution of higher education in the United States and is a member of the Ivy League. Yale has produced many notable alumni, including five U.S. presidents, eighteen Supreme Court Justices, and several, and Michael Schmidt, a financial analyst at Yale, entitled "News You Can Endow A financial endowment is a transfer of money or property donated to an institution, usually with the stipulation that it be invested, and the principal remain intact in perpetuity or for a defined time period. This allows for the donation to have an impact over a longer period of time than if it were spent all at once." The column took note of the challenging financial circumstances of the nation's newspapers, and proposed "another option: Turn them into nonprofit, endowed institutions — like colleges and universities." In the face of the impact of digital, Internet distribution of news, the change would "free [newspapers] from the strictures of an obsolete business model and offer them a permanent place in society."^[17] Steve Coll Steve Coll is a Pulitzer Prize-winning American journalist and writer. Coll is currently president and CEO of the New America Foundation. Prior to assuming that post on September 17, 2007, Coll was a staff writer for The New Yorker, and served as managing editor of The Washington Post from 1998 to 2004. Coll was also an associate editor for The of The New Yorker and, previously, the Washington Post, responded to the idea,^[18] as did the Post's Howard Kurtz Howard Alan Kurtz is an American journalist, blogger, author and media writer for the Washington Post^[19] and, in opposition, Slate Slate is a fine-grained, foliated, homogeneous metamorphic rock derived from an original shale-type sedimentary rock composed of clay or volcanic ash through low grade regional metamorphism. The result is a foliated rock in which the foliation may not correspond to the original sedimentary layering. Slate is frequently grey in colour especially's Jack Shafer Jack Shafer is a writer for the online magazine Slate. He currently edits and writes the column Press Box. Before joining Slate, he was editor for two city weeklies, Washington City Paper and SF Weekly. Much of Shafer's writing focuses on what he sees as a lack of precision and rigor in reporting by the mainstream media. One frequent topic is.^[20]

On February 19, 2009, The NYT Co. suspended its common share dividends (both classes of stock) completely, having already cut it by 74% to 6 cents per share in November, 2008.^[21] It was the first elimination of the dividend in four decades as a publicly traded company, and saved an additional $34 million per year.^[22] The NYT Co. laid off 100 employees on March 26, 2009 and cut salaries for the rest of 2009 by 5 percent.^[23]

Put aside logic/suicide watch

On May 9, 2009, both op-ed columnists Maureen Dowd Dowd was born in Washington, D.C., the youngest of five children, where her father worked as a Washington D.C. police inspector and Frank Rich addressed issues of the ill-health of the newspaper industry (or the "news business," as Rich called it, though still addressing newspapers under the grimmer headline). Rich also may have identified the reason for the coinciding focus: the annual White House Correspondents' Association dinner "this weekend." ^[24]

Dowd addressed President Barack Obama's possible feelings for the newspaper industry, and some considerations relative to possible government assistance to the industry. She reported that candidate Obama had told her that he'd briefly and none too successfully tried to sell subscriptions to the Times when he was a student at Columbia. An aide had also told her that candidate Obama "got cranky" when he didn't have a chance to read at least a bit of the Times daily, and she reported that "it was clear from his very first news conference, when I began covering his long-shot bid for the White House" that his "supple mind was nourished by news and books." In the column, Dowd also reflected, as others have, on parallels between President Obama and the character of Spock, on this the (successful^[25]) opening weekend of the new Star Trek movie. She referenced his opposition in these terms – "Cheney, Limbaugh and other pitiless Borg aliens firing phasers" – and hearings the previous week held by Sen. John Kerry, D-MA, and addressed, to a degree, the logic and morality of government aid to the newspaper industry.^[26]

The Kerry hearings on May 6 had addressed among other ideas a bill proposed by Sen. Ben Cardin, D-Md, in which "newspapers turning to nonprofit status would no longer be able to make political endorsements but could report on all issues including political campaigns. Advertising and subscription revenue would be tax-exempt and contributions to support coverage could be tax deductible. The proposal would allow papers to operate under the same Internal Revenue Service status that is utilized by churches, hospitals, educational institutions, public broadcasting and other nonprofit institutions, said Cardin. Cardin has said that his aim is to preserve local papers, not large newspaper conglomerates. And he said his bill does not constitute a government bailout for papers." Testimony at the hearing was heard from Steve Coll, former Baltimore Sun reporter and TV series writer/producer David Simon, and Huffington Post's founder Arianna Huffington.^[26][27] Other coverage of the hearings was in the Los Angeles Times^[28], the Seattle Times^[29][30] and The Guardian^[31].

Dowd opened her May 9 column "I dreamed that Spock saved our planet, The Daily Planet of journalism," but closed with "Newspapers no longer know how to live long and prosper. It’s enough to make a Vulcan weep./Kirk out." In the column, she also alluded to the President's mixed-race parentage, saying, "In the [current] Star Trek prequel, Spock’s father tells him, 'You will always be a child of two worlds,' urging him not to keep such a tight vise on his emotions. And Spandexy Old Spock, known as Spock Prime, tells his younger self: 'Put aside logic. Do what feels right.'" "Put aside logic" was the headline for the column.^[26]

For his part, under the grim "suicide watch" headline, Rich started by looking back at Steve Colbert's appearance at the correspondents' association gala in 2006, as the possible beginning of the watch. He looked extensively at changes in media forms going back to Gutenberg, and at current technologies, linking as he does readily, to non-Times sources on the Internet, for example here Clay Shirkey, "one of the freshest commentators on Internet culture". He was firmer about government help -- "certainly not ..., with all [government's] conflicted interests" — but still threw out the plea: "someone ... must pay for this content and make every effort to police its fairness and accuracy." As with other recent commentators, the migration to "pay" TV via cable/satellite seemed one moderately hopeful historical analog for Rich to look to, after the dramatic migration to "free" Internet distribution seems so to have hurt the papers. A nod was also paid to "NPR-style donations, iTunes-style micropayments, [and] foundation grants" as other alternative sources of revenue to sustain the business.^[24]

Possible Globe sale

In June, 2009, The Times reported, via a document apparently leaked to the reporter by the Company's investment bank Goldman Sachs, that the Boston Globe was being offered for sale. The sale offering possibly would also included the Worcester Telegram & Gazette, which shares some production capacity with the Globe. Anonymous sources were cited as having said that individuals considering the acquisition of the Globe included Jack Connors, the former chief of an advertising agency Hill Holliday who now heads a regional network of hospitals and clinics; Stephen Pagliuca, a managing director of Bain Capital Partners and one of the owners of the Boston Celtics; and Stephen E. Taylor, a former Globe executive whose family owned the paper before selling it to the Times Co. in 1993.^[32]

Chronology

January 1, 2003 – The company completed its purchase of The Washington Post's 50 percent interest in the International Herald Tribune for $65 million.The Times Company, which had owned 50 percent of the IHT, became the sole owner.^[33]

March 18, 2005 – The company acquired About.com, a leading online provider of consumer information for $410 million. In 2005 the company reported financial revenues of $3.4 billion to its investors.

On August 25, 2006 – The company acquired Baseline StudioSystems, a leading online database and research service for information on the film and television industries for $35 million.

September 12, 2006 – The company announced its decision to sell its Broadcast Media Group, consisting of "nine network-affiliated television stations, their related Web sites and the digital operating center," in a press release.^[34]

January 4, 2007 – The New York Times reported that The New York Times Company had reached an agreement to sell all nine local television stations to the private equity firm Oak Hill Capital Partners.^[35][36]

November 19, 2007 – The company staged a gala opening after relocating its headquarters from its previous address, at 229 West 43rd Street, to The New York Times Building, at 620 Eighth Avenue, New York City, on the west side of Times Square, between 40th and 41st Street across from the Port Authority of New York & New Jersey Bus Terminal.^[37]

May 7, 2007 – The company announced in a press release of May 17, 2007, that it had finalized the sale of its Broadcast Media Group on May 7, 2007, for "approximately $575 million."^[36]

Community awards

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.^[38] 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 New York Times Company president and CEO Janet L. Robinson, Carnegie Corporation president Vartan Gregorian and Jim Rettig, president of the American Library Association.^[39]

See also

• List of assets owned by New York Times Company
• Lists of corporate assets
• Local TV (Oak Hill Capital)
• The New York Times' 2008-2009 financial challenges

Notes

1. ^ The New York Times Company. Yahoo! Finance
2. ^ "Company Profile for New York Times Co (NYT)". http://zenobank.com/index.php?symbol=NYT&page=quotesearch. Retrieved on 2008-09-30.
3. ^ ^{a b} "Times Publisher and His Wife Separate". New York Times. The New York Times Company, May 10, 2008. Retrieved on February 2, 2009.
4. ^ "Timeline". New York Times. The New York Times Company. http://www.nytco.com/company/milestones/timeline_1851.html. Retrieved on 2008-09-29.
5. ^ "Business Units". New York Times. http://www.nytco.com/company/business_units/index.html. Retrieved on 2008-09-29. "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."
6. ^ "April 2005 Financial Report". The New York Times Company. http://www.nytco.com/security-holders-vote.html. Retrieved on 2008-08-23.
7. ^ "Firebrand Partners outlines its plans for New York Times", by Zac Bissonnette, bloggingstock.com, Jan 28th 2008. Retrieved 5/19/09.
8. ^ ^{a b} Stephen Foley (2008-09-12). "Battle for the New York Times". The Independent. http://www.independent.co.uk/news/business/analysis-and-features/battle-for-the-new-york-times-927113.html. Retrieved on 2008-09-16.
9. ^ "New York Times sees charge for unit closing". Reuters. 2008-12-02. http://www.reuters.com/article/industryNews/idUSTRE4B18XE20081202. Retrieved on 2008-12-02.
10. ^ "Times Co. to borrow against building" by Richard Pérez-Peña, The Internation Herald Tribune, Dec. 8, 2008. Retrieved 2-7-09.
11. ^ "Times Co. Building Deal Raises Cash" by Richard Pérez-Peña, The New York Times, March 9, 2009. Retrieved 3-9-09.
12. ^ ^{a b} "New York Times Sells Building Stake for $225 Million (Update2)" by Hui-yong Yu and Greg Bensinger, Bloomberg, March 9, 2009 11:33 EDT. Retrieved 3-9-09.
13. ^ ^{a b} Eric Dash, "Mexican Billionaire Invests in Times Company," New York Times, January 19, 2009.
14. ^ "Carlos Slim Helú: The Reticent Media Baron" by Marc Lacey, with reporting contributed by Elizabeth Malkin and Antonio Betancourt, The New York Times, Feb. 16, 2009, p. B1 NY edition. Retrieved 2-16-09.
15. ^ Paul Gillin, "Will Slim Bid for Times Co.?," Newspaper Death Watch, January 21, 2009.
16. ^ "New York Times retains Goldman for Red Sox sale" Boston Globe, 1-28-09. Retrieved 2-7-09.
17. ^ "News you can endow" Op-ed by David Swenson and Michael Schmidt, 1/28/09 p A31 NY edition. Retrieved 2-7-09.
18. ^ "Nonprofit newspapers" by Steve Coll, Think Tank blog, The New Yorker, 1-28-09. Retrieved 2-7-09.
19. ^ "What's it worth to ya?" by Howard Kurtz, The Washington Post, 2-6-09. Retrieved 2-7-09.
20. ^ "Alms for the Press? The case against foundation ownership of the New York Times" by Jack Shafer, Slate, 2-3-09. Retrieved 2-7-09.
21. ^ "NYT Co. Suspends Quarterly Dividend" by Jennifer Saba, Editor & Publisher, Feb. 19, 2009 4:43 PM ET. Retrieved 3-9-09.
22. ^ "New York Times Co. suspends dividends to shareholders" by Richard Pérez-Peña, International Herald Tribune, February 20, 2009. Retrieved 3-9-09.
23. ^ MacMillan, Robert (2009-03-26). "New York Times lays off staff, seeks pay cuts". Reuters. http://www.reuters.com/article/industryNews/idUSTRE52P5EZ20090326. Retrieved on 2009-03-26.
24. ^ ^{a b} Frank Rich, "The American Press on Suicide Watch", The New York Times, May 9, 2009 (p. WK8 NY print ed. 5/10/09). Retrieved 5/11/09.
25. ^ Brooks Barnes, "Starship Franchise Zooms to Top of Box Office", The New York Times, May 10, 2009 (C2 5/11/09 NY print ed.). Retrieved 5/10/09.
26. ^ ^{a b c} Maureen Dowd, "Put Aside Logic: The Final Frontier", The New York Times, May 9, 2009 (p. WK9, 5/10/09, NY ed.). Retrieved May 10, 2009.
27. ^ Andrew Miga, "Senate hears a dim forecast for newspapers' future", Associated Press via Google News, May 7, 2009. Retrieved 5/10/09.
28. ^ "Senators ponder the future of journalism" Los Angeles Times, May 7, 2009. Retrieved 5/10/09 via Google News.
29. ^ "The Democracy Papers: Preserving an Independent ..." Ryan Blethen, The Seattle Times, May 7, 2009. Retrieved 5/10/09 via Google News.
30. ^ "Reclaiming America's independent press", The Seattle Times, May 7, 2009. Retrieved 5/10/09 via Google News.
31. ^ "Debate on future of newspapers reaches Senate", The Guardian, May 7, 2009. Retrieved 5/10/09 via Google News.
32. ^ "Times Co. May Include 2nd Paper in Globe Sale" by Richard Pérez-Peña, The New York Times, June 26, 2009. Retrieved 6/26/09.
33. ^ "International Herald Tribune Now Run Solely by The Times". New York Times. 2003. http://query.nytimes.com/gst/fullpage.html?res=9F0DEFDC103FF931A35752C0A9659C8B63&. Retrieved on 2008-09-29. "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."
34. ^ Business Wire (2006-09-12) (The New York Times Company Investors Press release). The New York Times Company Announces Plan to Sell Its Broadcast Media Group. Press release. http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-newsArticle&ID=904561. Retrieved on 2008-07-23.
35. ^ Louise Story (2007-01-04). "New York Times to Sell 9 Local TV Stations" (Web). The New York Times (nytimes.com (The New York Times Company)). http://www.nytimes.com/2007/01/04/business/04cnd-nyt.html. Retrieved on 2008-08-23.
36. ^ ^{a b} Business Wire (2007-05-07) (The New York Times Company Financial Report). The New York Times Company Reports April Revenues. Press release. http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1003528&highlight=. Retrieved on 2008-08-23. "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."
37. ^ Forest City Ratner Companies (Developer) (2008-11-19) (PDF). The New York Times Building Factsheet. Press release. http://newyorktimesbuilding.com/pdf/FactSheet2007.pdf. Retrieved on 2008-08-23.
38. ^ "The New York Times Company Announces Four Winners of Its First Nonprofit Excellence Awards", Businesswire.com, Business Wire, June 28, 2007. Web. Retrieved on December 10, 2008.
39. ^ American Library Association. Carnegie Corporation of New York/New York Times I Love My Librarian Award Winners Announced. Press release. ALA, December 8, 2008. Web. Retrieved on February 3, 2009.

External links

Papers

• The Boston Globe – Official Website.
• International Herald Tribune – Official Website.
• The New York Times – Official Website.

NYT Company

• The New York Times Building Factsheet – Official illustrated press release of November 19, 2007 (Forest City Ratner Companies, Developer).
• The New York Times Company – Official Website.
• The New York Times Company Profile at Yahoo!.

Baseline

• Baseline StudioSystems (company)
• InBaseline (online database)
• New York Times/Baseline (integrated database)

Categories: Companies listed on the New York Stock Exchange | Newspaper companies of the United States | Media companies of the United States | Companies based in New York City | The New York Times

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• The New York Times Company
• News: Satire
• News: Satire: Video
• News: Satire: Audio
• The New York Times

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