The New York Times Company (NYSE: NYT) is an American media company best known as the publisher of its namesake, The New York Times. Arthur Ochs Sulzberger, Jr. has served as Chairman of the Board since 1997. It is headquartered in Midtown Manhattan, New York City.
The Sulzberger family is a different clan from the Bancrofts, who were divided by trust funds and populated with restless socialites and horse enthusiasts whose hobbies required access to substantial funds. From an early age, Sulzberger children are taught to value their role as stewards of the paper and servants to the public good. Privately, however, the family has always quarreled and debated among themselves, with cousins and brothers jockeying for power and influence, and occasional whispers of displeasure with Sulzberger’s leadership.
Chairman Arthur Sulzberger and his family control the company through a trust.
Acting with unusual haste (the three dissenting justices called the Court's action "irresponsibly feverish"), the Court in New York Times v United States concluded that a prior restraint on publication of excerpts from the Pentagon Papers violated the First Amendment. Two concurring justices indicated that they might have upheld the injunction if it were supported (as it was not) by a narrowly drawn congressional authorization.
Not only have apps helped pioneer microbilling and pay-per-use applications directly relevant to The New York Times's plan, but also they made the concept of paying for premium content more acceptable.The proliferation of apps was the “Eureka” moment for online publishers, says Matt Shanahan, an executive at Scout Analytics, which helps digital publishers optimize revenue. “Apps woke the public up to the fact that there are other revenue streams they can create,” he says. Whether it will work for online content the way it works for digital music or movie tickets is not clear.
As of December 25, 2011, the Times was printed at its production and distribution facility in College Point, New York, as well as under contract at 26 remote print sites across the United States. The Times is delivered to newsstands and retail outlets in the New York metropolitan area through a combination of third-party wholesalers and the Company’s own drivers. In other markets in the United States and Canada, The Times is delivered through agreements with other newspapers and third-party delivery agents.
We estimate that the NYT currently spends about $200 million a year on its newsroom and generates about $150 million of online revenue. If the paywall is highly successful -- attracting, say, one million subscribers who pay $100 a year -- this will add another $100 million of online subscription revenue (assuming the company doesn't lose ad revenue). With $250 million of revenue, the NYT might be able to sustain newsroom costs of about $100 million.
The New York Times Company reported its Q4 earnings on February 2, 2012, and they lost $39.7 million in 2011, or 27 cents a share, after making $107.7 million in 2010. The NYT missed analysts' estimates — quarterly net income of 39 cents a share was lower than expectations of 42 cents a share. The fourth quarter income also reflects a $4.5 million payout to departed CEO Janet Robinson, and $7.9 million in severance costs, up from $4.7 in Q4 2010.
The company holds an interest in New England Sports Network, a regional cable sports network that televises the Red Sox and Boston Bruins hockey games.
In the summer of 1896 Adolph Ochs had become the proprietor of a famous but bankrupt newspaper known then, with a quaint hyphen, as The New-York Times. He managed to take the once mighty New-York Times, which through misfortune and mismanagement had been reduced to printing cheap fiction and partisan bluster, and built it into the most influential newspaper in the world.
In New York Times Co. v. Sullivan, decided during the ferment of the 1960s civil rights movement in the South, the U.S. Supreme Court shifted radically the common law of defamation, fashioning a rule that prevented public officials from recovering for defamation unless they could show that the defendant had acted with “actual malice.”