Case Study 1: The New York Times Company—The Evolution of a Publicly Traded Family Firm Via Changes in Corporate Governance and Strategies

Veland Ramadani, Esra Memili, Ramo Palalić and Erick P. C. Chang
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Veland Ramadani: South East European University
Esra Memili: University of North Carolina at Greensboro
Ramo Palalić: International University of Sarajevo
Erick P. C. Chang: Arkansas State University

Chapter 10 in Entrepreneurial Family Businesses, 2020, pp 181-183 from Springer

Abstract: Abstract The New York Times Company is a mass media company headquartered in Manhattan , New York , which publishes its newspaper, The New York Times with global readers and audiences. The paper has won a record number (127) of Pulitzer Prizes by 2020. Aside from the newspaper, the company also owns the New York Times International Edition and their related digital properties including NYTimes.com , along with other brand-associated properties. The company was founded by Henry Jarvis Raymond and George Jones in New York City in late 1800s. Adolph Ochs purchased The New York Times newspaper in 1896. In 1960s, the company has been publicly traded and listed in the New York Stock Exchange under the symbol NYT. The company provides two categories of the company stock, Class A and Class B. The former is publicly traded and the latter is held mostly by the Ochs-Sulzberger family.

Keywords: Family business; The New York Times Company; Class A shares; Class B shares; Top management; Board (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/978-3-030-47778-3_10

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