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FB Roundup: New York Times, Lotte Group, and Vivendi

October 21, 2016

A.G. Sulzberger appointed deputy publisher of New York Times, A.G. Sulzberger appointed deputy publisher of New York Times, and Vivendi lawsuit dialled up to 11

A.G. Sulzberger appointed deputy publisher of New York Times

Fifth-generation Arthur Gregg “A.G.” Sulzberger has been appointed deputy publisher of the New York Times, setting him up to one day succeed his father, Arthur Sulzberger Jr.

The 36-year-old next-generation executive takes on the role amid a difficult time for the publication: readers and advertisers are slowly shifting to online, while publishers are shifting their resources within the newsroom.

Carlos Slim becomes largest individual shareholder in Sulzberger-controlled New York Times

January 15, 2015

Mexican billionaire Carlos Slim has become the largest shareholder in fourth-generation family business The New York Times Company, increasing his stake to nearly 17%, but the Sulzberger family will retain control of the media giant through its dual-class share structure.

It follows a bumpy year for the 164-year-old company, in which it continued to find its feet in the digital era, and also saw a mishandled staff changes at the senior editorial level.

Family business roundup: Acquisitions for Berkshire Hathaway and Henkel; New York Times and PPR divest

February 26, 2013

Family businesses across the world have been in the process of making some mouthwatering acquisitions over the past two weeks, with Henkel and Berkshire Hathaway making bold expansions. Meanwhile, PPR made some savvy divestments in Scandinavia, the New York Times Company put its Boston Globe newspaper up for sale, and UK company Cosalt went into administration.

Berkshire Hathaway/World Publishing

Sulzbergers, you’re fired: Could Donald Trump actually buy the New York Times?

January 24, 2013

The closest international equivalent might be Margaret Thatcher going into business with Fidel Castro.

But according to US reports, something almost that bizarre is being considered in the New York media world. Donald Trump, outspoken real estate mogul, long-term Republican and star of the US version of TV show The Apprentice, has reportedly shown an interest in buying the New York Times, the left-leaning American daily owned by the Ochs Sulzberger family.

Family control tightened at newspaper business

February 3, 2012

The family behind American media group the New York Times Company looks to be reigning in control of the family business, in the wake of declining revenues and profits for fiscal 2011.

The family-controlled company, which is behind the namesake iconic newspaper, saw full-year revenues decline by 2.8% to $2.38 billion (€1.80 billion). Operating profits also took a big hit, falling by around 75% to $56.7 million, the company said in a statement on 2 February.

Slim family increases stake in New York Times

August 24, 2011

Mexican billionaire Carlos Slim and his family have increased their stake in the New York Times Company, the iconic newspaper group controlled by the Ochs Sulzberger family.

The Slim family’s Inmobiliaria Carso investment fund purchased 553,000 Class A shares, according to a regulatory filing, taking its stake from 6.9% to 7.3%.

News Analysis: New York media dynasty breathes easier after strong results

July 23, 2010

Yesterday, the publisher of the New York Times announced better-than-expected results.

Yesterday, the publisher of the New York Times announced better-than-expected results.

The news will cheer up the Ochs-Sulzberger family that controls one of America's most revered newspaper titles.

The New York Times Company said revenues were up just over 1% year-on-year in the second quarter to $589 million, compared with a 3% decline in the first quarter.

NYT founding family member joins the business

March 16, 2010

David Perpich, fifth-generation of the founding Ochs-Sulzberger family, has joined the New York Times Company as an executive director for the website of the company’s flagship title The New York Times.

David Perpich, fifth-generation of the founding Ochs-Sulzberger family, has joined the New York Times Company as an executive director for the website of the company's flagship title The New York Times.

Perpich, who is the nephew of company chairman Arthur Sulzberger Jr (pictured), joined the business from consulting firm Booz & Co and will work on paid products at the nytimes.com.

Sulzberger: dividend suspension “a difficult but prudent measure”

February 20, 2009

Arthur Sulzberger Jr, chairman of family-controlled New York Times Company, has defended the decision of the board to suspend its quarterly dividend.

The suspension applies to both the media giant's Class A and Class B common stock and will put further pressure on the extended family who rely on such dividends. Last November, the company reduced the payout level of its fourth-quarter dividend to $.06 per from $.23 per share.