In 1896, Adolph Adolph Simon Ochs bought The NYTimes into vision, a money-losing newspaper, and fashioned the big apple Times Company. The Ochs-Sulzberger family, one amongst the United States’ newspaper dynasties, has owned The the big apple Times ever since. The publisher went public on January fourteen, 1969, commerce at $42 a share on the yankee securities market. After this, the family continuing to exert management through its possession of the overwhelming majority of sophistication B balloting shares.
Category of NYTimes art is a shareholders area unit permissible restrictive balloting rights whereas category B shareholders area unit allowed open balloting rights. The Ochs-Sulzberger family trust controls roughly eighty eight percent of the company’s category B shares. ANY alteration to the dual-class structure should be sanctioned by six of eight administrators World Health Organization sit on the board of the Ochs-Sulzberger family trust. The Trust board members area unit Daniel H. Cohen, James M. Cohen, Lynn G.
NYTimes art exhibitions done by Dolnick, Susan W. Dryfoos, archangel Golden, Eric M. A. Lax, Arthur O. Sulzberger Junior., and Cathy J. Sulzberger. Turner Catledge, the highest editor at The the big apple Times from 1952 to 1968, needed to cover the possessioninfluence. Arthur Sulzberger habitually wrote memos to his editor, every containing suggestions, directions, complaints, and orders. once Catledge would receive these memos he would erase the publisher’s identity before passing them to his subordinates. Catledge thought that if he removed the publisher’s name from the memos it’s reporters from feeling pressured by the owner.