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. [3] He is a grandson of Arthur Hays Sulzberger and great-grandson of Adolph Ochs. In assessing the performance of the Sulzbergers' newspaper, the authors frequently pull their punches. Scene Stealer: The True Lies of Elisabeth Finch, Part 2. The NYT scion, 69, reportedly worth around $16 million, filed for . But the Sulzbergers, with their unprecedented run of media power and high-minded ideals about their own legacy, seem to be the real persons of interest to Armstrong and his Succession writers. Katie, lives in Marthas Vineyard and has sought to promote awareness Family That Owns The New York Times Reportedly Had Slaves, Supported This was about 45% of all the recorded Sulzberger's in the UK. At today's prices, that's worth about $344 million. ofand provide income for Huichol families, a Native American group [22][23] In October 2016, he was named deputy publisher, putting him in line to succeed his father as publisher. NYT's Sulzberger Jr to retire as chairman by end of December Publisher A.G. Sulzberger is the sixth member of the Ochs-Sulzberger family to lead the paper. The name of the family trust, Marujupu, is comprised of the names of the four children of the late matriarch Iphigene Ochs. In his 2009 piece on Sulzberger Jr. titled The Inheritance, Vanity Fair contributor Mark Bowden described the then-leader of the New York Times and heirs like him thusly: Even in middle age he seems costumed, a pretender draped in oversize clothes, a boy who has raided his fathers closet. Sounds a lot like Kendall Roy, too, if you ask me. As family members, they hold the bulk of the company's Class B voting stock, which allows them to control its board of directors. 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. 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,". The most famous member of the family outside of media is a cousin, Arthur Golden, who wrote the best-selling novel Memoirs of a Geisha. A couple of years later, she became the chief operating officer, placing her in the prime position to succeed then-CEO Mark Thompson. Sulzberger Family Trustee Company Limited has been running for 9 years 7 months, and 28 days. Digging into the history of many Arthur Sulzbergers running the New York Times, Schell began: You said the difference was that they [the North Korean Kim dynasty] were only two generations, and your family was four. Arthur jokingly cut in: I dont like where this is going one damn bit! The family owns about a fifth of the paper and controls it via a special class of voting shares. Arthur Sulzberger handed the reins of The New York Times Company to his son Arthur Gregg Sulzberger on Thursday -- a long-expected moment of generational change for the family-controlled newspaper. For this book, they certainly did their homework. On this Wikipedia the language links are at the top of the page across from the article title. Sulzberger introduced Gonzalez to colleagues at the paper and to members of the Ochs-Sulzberger family, which controls the New York Times Company. [2][3] At Brown, Sulzberger worked briefly for The Brown Daily Herald as a Contributing Writer. Indeed, A. G. Sulzberger owns a 1.3% of Class A stocks and 92% of Class B stocks. 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. Died:2017. "[41] In 2020, Sulzberger voiced concern about the disappearance of local news, saying that "if we don't find a path forward" for local journalism, "I believe we'll continue to watch society grow more polarized, less empathetic, more easily manipulated by powerful interests and more untethered from the truth. Sulzberger was the chairman of The New York Times Company from 1997 to 2020, and the publisher of The New York Times from 1992 to 2018. The . His paternal grandfather, Arthur Ochs Sulzberger, was Jewish, and the rest of his family is of Christian background (Episcopalian and Congregationalist). I trust that such a puffball could not get past the Times's own editors, and I hope it stays that way--for whatever reason. Theres Sulzberger Jr.s daughter, Annie Sulzberger, now head of research for Netflixs The Crown. Sulzberger Family Trustee Company Limited Still, A.G. was favorite to take the position partly due to his last name and role in drafting the 2014 Innovation Report, a document outlining The New York Times digital strategies. Does it matter that the paper used to be conservative and is now liberal? Ruth SULZBERGER. Wedding", "Ex-New York Times Publisher Arthur Sulzberger Jr. The Sulzbergers: Inside The Family That Controls The New York Times SEC filings state the trust's "primary objective" is that the Times continues "as an independent newspaper, entirely fearless, free of ulterior influence and unselfishly devoted to the public welfare". And this week, the fifth generation takes on a leadership role. Highly assimilated, the Ochs-Sulzberger clan nevertheless occupies a position of tremendous visibility and responsibility among American Jewry. The Sulzberger family: A complicated Jewish legacy at The New York shopper. In seven years of talking, they say they had "the same relationship any New York Times reporter would have with a cooperative subject: we had access, but with complete independence and no advance review of our work.". He was the youngest of four children and was affectionately called "Punch" by family and friends, having . VP, Gen. He thought they needed no state or political and social institutions of their own. 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. Genealogy for Arthur Ochs Sulzberger (1926 - 2012) family tree on Geni, with over 230 million profiles of ancestors and living relatives. It was not the biggest newspaper in New York and certainly not the best written. Arthur Sulzberger Jr. to Retire as New York Times Company Chairman The Ochs/Sulzberger family controls nine of the 13 seats on the company's board, through its ownership of separate voting-class stock. When Succession creator Jesse Armstrong set out to make his HBO series about power and family conflict in the world of New York media he had a very specific type of business mogul in mind. It has been owned by the family since 1896; A. G. Sulzberger, the paper's publisher, and his father, Arthur Ochs Sulzberger, Jr., the company's chairman, are the fourth and fifth generation of the family to head the paper. I asked people for advice, and just the sentiment was that it was a great journalism company, but maybe the best days of its business were behind it,she toldThe New York Times. This website may also be used to share memories and condolences with the Sulzberger family. Married to Orvil Eugene DRYFOOS. in Mexico. Ex-New York Times publisher Arthur Sulzberger Jr.'s divorce gets dirty [25] In 2018, he married Molly Messick.[5]. In January 2009, Slim loaned The New YorkTimes$250 million. Consider their handling of "Punch" Sulzberger, who ran the paper from 1963 to 1997. Photographs is a collection of negatives, contact sheets, slides, and prints that document the Ochs-Sulzberger-Dryfoos families, The Times staff, and Times' buildings, offices, and events spanning 1875 to 1987. 'Succession': The Real Rich Media Family That - Vanity Fair Arthur Hays Sulzberger had experienced anti-Semitism, and he was worried about his paper being perceived as too Jewish, Laurel Leff wrote in her 2005 book Buried by the Times: The Holocaust and Americas Most Important Newspaper.. He went to great lengths to avoid having The Times branded a Jewish newspaper., As a result, wrote Frankel, Sulzbergers editorial page was cool to all measures that might have singled [Jews] out for rescue or even special attention., Though The Times wasnt the only paper to provide scant coverage of Nazi persecution of Jews, the fact that it did so had large implications, Alex Jones and Susan Tifft wrote in their 1999 book The Trust: The Private and Powerful Family Behind The New York Times.. 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. (Kimberly White/Getty Images for New York Times/via JTA), Adolph Ochs (photo credit: Wikimedia Commons), Memoir of former executive editor of The New York Times, Max Frankel. But in the end, I love the place, and I love the mission.In two years, Meredith earned a promotion to chief revenue officer and executive vice president. We all have more of a stake in what The New York Times does than in what a potato chip manufacturer does. The family settled in Tennessee, and Ochs rose to be publisher of the Chattanooga Times. Their secrecy is a result of intensive training on the weight and responsibility of what it means to be part of this particular family. As the 33-year-old son of New York Times publisher and company chairman Arthur Sulzberger Jr., whose family has steered the institution since 1896, Arthur Gregg Sulzberger is one in a handful of . The Sulzbergers are far from the only media family in America to pass their legacy down the generations. Should he have? The occasion was a special anniversary for The New York Times, the nation's pre-eminent bastion of serious journalism. But in the early decades of the twentieth century, the Times was struggling. What have I observed and learned in the quarter century since? Im sure we should exercise the option, but we look at it like a financial investment that has been very good., Then chief executive Mark Thompson said repurchasing of the shares was the best option for Carlos:We believe it is in the best interests of the company to continue to maintain a conservative balance sheet, and a prudent view on the allocation of free cash flow and this one-off repurchase program should not be viewed as a change of position about our capital allocation plans., Read Next: Who owns Reuters? The younger Sulzberger is the sixth member of the Ochs/Sulzberger clan to become . Married to Matthew ROSENSCHEIN, Jr. Journalistically, the family's greatest sin occurred during the Holocaust, when the Times went so far to avoid pleading on behalf of Europe's Jewish population that in one of its wartime stories, it reported that Hitler had killed nearly 400,000 "Europeans," but did not use the word "Jew" until the seventh paragraph. limited, and the bubble of affluence doesnt always produce heirs with Restrictions apply. 2023 Cond Nast. [24][25][26] His cousins Sam Dolnick, now assistant managing editor of the Times,[27] and David Perpich, now head of standalone products and a member of the New York Times Company board,[28] were also considered for the role. The authors routinely refer to Punch as "powerful" or "influential," yet they spend little time discussing the nature of that power. Index of US Mainstream Media Ownership | The - Harvard University But dig even a little bit into the Sulzberger legacy and youll find even more cause for celebration. [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". In 2015, Carlos exercised warrants that gave him a nearly 17% stake in the company. Who owns The New York Times? Everything you need to know The Sulzberger family owns The New York Times through The New York Times Company. the Sulzbergers, is a variety of artists, musicians, academics, Sometimes that focus sheds light on how decisions are really made at the top. Hays Golden, son of Arthur By acquiring the Athletic and its 1.2 million subscribers, The New YorkTimessurpassed 10 million subscribers; its target is now 15 million subscribers. The New York Times has appointed Arthur Gregg Sulzberger deputy publisher, putting the 36-year-old in line to succeed his father, Arthur Sulzberger Jr, as publisher and chairman of the newspaper. [16], Sulzberger was opposed to the Vietnam War and was arrested at protest rallies in the 1970s. in a band called the Mysterious Case of Jake Barnes with cousin Dave The rest of us can buy NYT stock (which recently traded near its 52-week high), but we can't fire the publisher. As widely expected, A.G. became deputy publisher and later, board chairperson. But when it comes to the antics of their personal lives, the Sulzbergers play their cards impossibly close to the vest. The Sulzberger family derived its name from the town of Sulzberg, near Ratisbon, in Bavaria. In lieu of flowers, contributions, in Carl L. Sulzberger's memory, may be made to The Parkinson's Foundation, (200 SE 1st Street, Suite 800, Miami, Florida 33131) or to a charity of your choice. Who Owns The New York Times? - FourWeekMBA local paper.) [39][40], He has said that an independent press "is not a liberal ideal or a progressive ideal or a Democratic ideal. Click the link in that email to complete registration so you can comment. His parents divorced when he was 5 years old. Sulzberger . The meeting was off-the-record, but after President Trump tweeted about it eight days later, Sulzberger "pushed back hard" to dispute the President's characterization of the meeting. Dolnicks mother, Lynn Golden, is the great-great-granddaughter of Julius and Bertha Ochs, the parents of Adolph S. Ochs, and was married in a Chattanooga, Tennessee, synagogue named in their memory. Check this off your list and sleep better at night knowing your family won't suffer when disaster strikes. In this way, the position is different from that of heads of other media operations, where the founding family has given way to outside directors and has sold its stock to the public. DAVID GREENE, HOST: One family has owned and operated The New York Times since 1896. Does it make sense for the newspaper to entrust its fate to 13 unaccountable millionaires who acquired their money and influence through birth? Although professionally she eschewed her family's business and became a doctor, Judith Sulzberger remained involved with the company as a director of the Times from 1974-2000, and, of course, a . The authors keep a consistent focus on the family. That perception is largely because of the family and because of the familys Jewish name and Jewish roots, Goldman said, so whether theyre Jewish or not today, theres a feeling that this is still a newspaper with a heavy Jewish influence.. [7], Sulzberger began writing for the New York Times as a metro reporter in February 2009,[8] which published his first article on March2. 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. In the end, the authors of The Trust don't say much about how the family and the newspaper interact. The New York Times Co. - Case Solution - casehero.com 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. This New Zealand Limited Company's AR application month is August. In 1992, Sulzberger relinquished the publisher's job to his 40-year-old son, Arthur Ochs Sulzberger Jr., but remained chairman of The New York Times Co. Despite running the paper of record for over a century, the Sulzbergers (or Ochs-Sulzbergers, as theyre sometimes called) arent quite a household name outside New York media and certain social circles. Berkeley, Sulzberger Jr. spoke to Orville Schell, then the dean of the Graduate School of Journalism, in front of a large audience. From an early age, Sulzberger children are taught to value their role as stewards of the paper and servants to the public good. integrity of lighthouses, according to a long letter she wrote to a Before A.G. became chairperson, he faced competition for the role of deputy publisher from his cousins Sam Dolnick and David Perch. and the best executive editor in the business, I depart knowing the best is yet to come.. 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. 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. Arthur Ochs "Pinch" Sulzberger Jr. (born September 22, 1951) is an American . The name of the family trust, Marujupu, is comprised of the names of the four children of the late matriarch Iphigene Ochs Sulzberger: Marian, Ruth, Judy, and Punch. Unlock Case Solution. 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. In a 2001 article for The Times, former Executive Editor Max Frankel wrote that the paper, like many other media outlets at the time, fell in line with US government policy that downplayed the plight of Jewish victims and refugees, but that the views of the publisher also played a significant role. Free and open company data on New Zealand company SULZBERGER FAMILY TRUSTEE COMPANY LIMITED (company number 4114618), 3 Oakwood Drive, Highlands Park, New Plymouth, 4312. Critics said the newspaper failed to give adequate coverage to Nazi atrocities committed against Jews, a charge that The Times later owned up to. His newspaper would not only carry "all the news that's fit to print" (the slogan was Ochs's own) but would "give the news impartially, without fear or favor, regardless of party, sect or interests involved.". Meredith has probably overachieved during her short reign as CEO. Quinn-Hopping Funeral Home 145 E. Mt. Golden (making it the unofficial Ochs-Sulzberger house band). And if the Pierces are anything like the Sulzbergers, then theres plenty of material for the Succession writers to work with. Mark Thompson ushered The New York Timesinto the digital age: during his tenure, the papers digital readership jumped from 640,000 to more than five million subscribers. Also look at the related clues for crossword clues with similar answers to "Media company led by the Sulzberger family" Recent clues. We learn more, for example, about the Cohens and the Goldens and some other branches of the family than we need to. The authors must surely have known that. SULZBERGER FAMILY TRUSTEE COMPANY LIMITED :: New Zealand :: OpenCorporates click the link in that email to complete your registration. Family. This is a remarkable family business book. That access is one of the book's many virtues, but it also has a downside. Media company led by the Sulzberger family (Crossword clue) 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. 12 'Nepo Babies' of Big Business Helped by Family Connections Two cheers for nepotism at the New York Times. - Slate Magazine Frustratingly, though, the authors settle for chronicling the family's history and do little by way of interpreting it. He is of German ancestry. 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. And at its heart, the story of the Times is a spectacular variant of the familiar tale of an immigrant family's rise to prominence. Asked recently about his working relationship with Dolnick and Perpich, A.G. Sulzberger spoke of their strong journalism backgrounds and invoked the family ethos. But even more astute was his decision to follow the old wisdom: If they're going to write it anyway, you might as well talk to them. Its been around for two decades shy of two centuries, winning more Pulitzer Prizes of any newspaper. The Open Database Of The Corporate World. Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. Among the witnesses was Arthur's father,. Arthur Ochs Sulzberger | American newspaper publisher New York Times names A.G. Sulzberger as new publisher Nevertheless, she was reluctant to join the paper after it offered her the top position in advertising. (Shes also committed to maintaining the historical "[36][37][38] Sulzberger met with President Trump in the Oval Office again on January 31, 2019, for an on-the-record interview with Times reporters Peter Baker and Maggie Haberman. Contact a reliable trusts and estates attorney in the Miami-Dade area. The Sulzberger family ownsThe New York Timesthrough The New York Times Company. The 42 Best Romantic Comedies of All Time, The 25 Best Shows on Netflix to Watch Right Now, Inside Ivanka Trump and Jared Kushners Gilded Florida ParadiseFar From Donald Trump or 2024, Chaos lingers at the periphery, but the Trump-Kushner marriage is thriving in exile. [That section indicates A.G. Sulzberger was paid $8,112,955 for his work in 2019, 2020, and 2021. Registering also lets you comment on articles and helps us improve your experience. Why the Sulzberger family should sell the New York Times | Fortune Carl Sulzberger Obituary (2023) - Livingston, NJ - The Star-Ledger In September 1857, the paper becameThe New-York Times(the hyphen dropped in 1896). The setting was the Metropolitan Museum of Art in New York, the nation's pre-eminent bastion of high art. This collection does not contain images used to illustrate stories in the paper. [16] On his first day as publisher, Sulzberger wrote an essay noting that he was taking over in a "period of exciting innovation and growth", but also a "period of profound challenge". Sulzberger Jr. no doubt made some bad business decisions, including fumbling the 2014 firing of Times executive editor Jill Abramson in a rare high-profile move that put the Sulzbergers exactly where they prefer not to be: in the public eye. Not coincidentally, Punch gradually emerges as the hero--the businessman with unerring judgment, the publisher with the noblest of journalistic instincts, the dutiful son, and the conscientious legatee. Rupert Murdoch Knees Trump in the Balls While Hes Doubled Over Coughing Up Blood, Scene Stealer: The True Lies of Elisabeth Finch, Part 1, Inside the New Right, Where Peter Thiel Is Placing His Biggest Bets. Arthur Gregg Sulzberger (born August 5, 1980) is an American journalist serving as chairman of The New York Times Company and publisher of its flagship newspaper, The New York Times . New York Times. Various Sulzbergers have left their mark, literally, on the world. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community. Married: 1946. And Arthur Sulzberger Jr. owns 1.8% of Class A stocks and 92.2% of Class B stocks. He believed strongly and publicly that Judaism was a religion, not a race or nationality that Jews should be separate only in the way they worshiped, Frankel wrote. Adolph Simon Ochs bought The New York Times from Henry Jarvis Raymond and George Jones Adolph Simon Ochs He also owns a Hudson Valley mansion in New Paltz. [4], After being encouraged by Brown journalism professor Tracy Breton to apply,[5] he interned at The Providence Journal from 2004 to 2006, working from the paper's office in Wakefield. How intimacy coordinators are changing Hollywood sex scenes The Crowns Helena Bonham Carter on her scary encounter with Princess Margaret The Trump-baiting Anthony Scaramucci interview that roiled the president What happens when you try to be the next Game of Thrones Why are teens flocking to Jake Gyllenhaals Broadway show? From the Archive: Keanu Reeves, young and restless. Murdochs pursuit and acquisition of the Bancroft-owned Wall Street Journal in 2007 will almost certainly influence some of Succession this season. A family friend told New York magazine that the Sulzbergers dedication to journalistic integrity is a noble, familial thing that courses through their veins, and anyone who strays from that gets slapped down pretty quickly.. National Book Award Literarian Award for Outstanding Service to the American Literary Community, Barbara Winslow Grant, Mother of Times Chairman, Dies at 90, "Karen A. Sulzberger Is Wed To Eric Martin Arthur Lax". [6] While there, he revealed that membership of the Narragansett Lions Club was not open to women. 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. However, by the time George Jones passed in 1891, The New YorkTimeshad recovered its readership and revenue. ", "The New York Times Company Biography for A.G. Sulzberger", "Gabrielle Greene and Arthur Sulzberger Jr. In January 1987, Sulzberger was named assistant publisher. If so, please join The Times of Israel Community. The family owns about a fifth of the paper and controls it via a special class of voting shares. The New York Times repaid his loan in 2011 but allowed Carlos to purchase shares via warrants expiring in January 2015. Tell us a little bit about that, and what effect you think it has on how this great paper can comport itself in the world. Sulzberger, trained since childhood for this job, swiftly deflected: Theres a lot behind that question. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. [35] A.G. Sulzberger became the chairman of The New York Times Company on January 1, 2021. Who owns The New York Times? - Quora