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Sarah Perpich, Davids 28-year-old sister and The Sulzberger family owns The New York Times through The New York Times Company. If family ownership has been central to the Times's success in its first 100 years, does it follow that family control will provide a kind of strength and stability that conventional corporate ownership would not? But they are deeply devoted to this place, and the three of us are committed to continuing to work as a team.. In 2015, Carlos exercised warrants that gave him a nearly 17% stake in the company. by his grandmother, Ruth Holmberg. A.G. Sulzberger is best known for heading a team that in 2014 put together a 96-page innovation report that meant to prod The Times into moving more rapidly in catching up with the new digital media landscape. Bay Harbor Islands Law Firm, Law Office of Sulzberger & Sulzberger | Home Even the Bancroft familywhich sold the Wall Street Journal off to Rupert Murdoch in 2007was known to consist of some restless socialites and horse enthusiasts whose hobbies required access to substantial funds, as New York magazine put it in 2008. Arthur Ochs Sulzberger | American newspaper publisher Sulzberger moved The New York Timesto the internet in 1996. Contact a reliable trusts and estates attorney in the Miami-Dade area. Born: 27 Dec 1923, New York, NY. Theyre not QAnon. Schedule a free consultation at our Bay Harbor Islands office by calling (305) 865-8631 or by contacting us online. Carlos bought a 6.4% stake in The New York Times Company; however, it wasnt enough. The number of answers is shown between brackets. 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. 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. sister, is a successful fiction writer living in a brownstone secured "The Trust" Book Review: Sulzberger Family Succession Practices The publishers promised to be non-partisan and dedicated to the reform or extermination of the evils in society. NEW YORK CITY The children of the late New York Times publisher Arthur Ochs Sulzberger are moving quickly to sell stock he held in the Gray Lady's parent company, his will reveals.. Sulzberger . His length of term was indeterminate, and the grounds and method of his removal were ambiguous. Palin Can Suck A Dick And Leave Us All Alone.. Check out our website to get your 3-Month Emergency Food Kit and learn about our full product line of survival and preparedness gear. Earlier, they collaborated on a big history of another journalistic dynasty--the Binghams of Louisville. Subscribe to our emails. [39][40], He has said that an independent press "is not a liberal ideal or a progressive ideal or a Democratic ideal. [18][19] The couple have two children: a son, Arthur Gregg Sulzberger, and a daughter, Annie Sulzberger. For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members. I warned that this inflammatory language is contributing to a rise in threats against journalists and will lead to violence. 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. The familys Jewish history Adolph Ochs was the child of German Jewish immigrants has often been the subject of fascination and scrutiny, especially during and after World War II, when the paper was accused of turning a blind eye to atrocities against Jews. 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. Both the Sulzberger and Graham families, which own controlling interests in their companies, have safeguarded quality journalism with the dynastic succession. Unmasking the unethical business practices of the fashion brand, Is Telekinesis real? New York Times. Carl Sulzberger Obituary (2023) - Livingston, NJ - The Star-Ledger The authors keep a consistent focus on the family. Sulzberger was born in Mount Kisco, New York, one of two children of Barbara Winslow (ne Grant) and Arthur Ochs "Punch" Sulzberger Sr.[2] His sister is Karen Alden Sulzberger, who is married to author Eric Lax. 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. A.G. Sulzberger Wiki, Age, Wife, Family, Height, Net Worth, Salary Arthur Ochs Sulzberger, Jr., to retire as NY Times chairman - CNN It takes just a few seconds. Pitbull is a pal, Carbone is for dinner, and, Palace Insiders Say Prince William Is Already Furious About Prince Harrys Memoir Leaks, Prince Harry alleges Prince William attacked him over Meghan Markle in a new excerpt from, Prince Harry on Williams Hairline and Their Wicked Stepmother. 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. Had NYT highlighted Nazi horrors, US 'might have awakened', Were really pleased that youve read, Please use the following structure: example@domain.com, Send me The Times of Israel Daily Edition. Dryfoos died two years later from heart failure, so his brother-in-law Arthur Punch Ochs Sulzberger took over. If they werent members of the Ochs/Sulzberger family, our competitors would be bombarding them with job offers, he said. Early life and education [ edit] Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. As Ochs aged, the patriarch began to face up to the issue of succession. 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. Sulzberger scion's star rises - POLITICO Media [3] He is a grandson of Arthur Hays Sulzberger and great-grandson of Adolph Ochs. shopper. Sulzberger was born in Mount Kisco, New York, to Barbara Winslow and Arthur Ochs "Punch" Sulzberger Sr. Karen Alden Sulzberger . Though Logan is often pitched as a villain of Succession, whats been true, generally, in American culture is that were inclined to be much friendlier to self-made kings like Logan Roy than we are to those, like the Pierces and the Sulzbergers, who inherited their wealth. 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. It can be intimidating company. Divorced: 1965. People expected the paper to go bankrupt, but Mexican billionaire Carlos Slim Helu stepped in before that happened. 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. DAVID GREENE, HOST: One family has owned and operated The New York Times since 1896. (Takes a family dynasty to know one?) In a smooth, well-paced narrative, they give a detailed account, including the family's many marital affairs, divorces, and jealousies. 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! Meredith has probably overachieved during her short reign as CEO. "[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. I know A. G. will not rest in his drive to empower our journalists and expand the scope of The Timess ambitions,Arthur said. Sulzberger Jr.s reign as Times publisher from 1992-2017 was a rocky one. To learn more about the Sulzbergers, I highly recommend Mark Bowdens lengthy Vanity Fair profile, or, if you have even more time to spare, you can dive into all 870 pages of The Trust: The Private and Powerful Family Behind The New York Times, by Susan E. Tifft and Alex S. Jones. This collection does not contain images used to illustrate stories in the paper. archives.nypl.org -- New York Times Company records. Photographs Roman tries to reach out to Naomi to get the ball rolling on a deal, but Naomi alerts the rest of the family, who shut negotiations down before they start. Ferdinand Sulzberger in MyHeritage family trees (N Web Site) view all 25 Immediate Family Rose Sulzberger wife Max Judah Sulzberger son Lily Marx daughter Arthur T Sulzberger son Matilda Weinberg daughter Germon Frederick Sulzberger son Nathan Sulzberger son Belle Schrag daughter Simon Sulzberger son Stella Lee Ullman wife Ferdinand B Sulzberger All rights reserved. Arthur Ochs Sulzberger Jr. was raised in his mothers Episcopalian faith and later stopped practicing religion. With editor Carr Van Anda, Adolph rebuilt The New York Timesreputation, eventually turning it into an international paper. Ruth SULZBERGER. The 2008 financial crisis hit The New YorkTimeshard. Ever since Adolph Simon Ochs purchased the company in 1896, someone named Ochs or Sulzberger has led the paper. [6], Sulzberger worked as a reporter for The Oregonian newspaper in Portland from 2006 to 2009, writing more than 300 pieces about local government and public life, including a series of investigative exposs on misconduct by Multnomah County Sheriff Bernie Giusto. So who are these other, potentially eccentric Sulzbergers? 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.". Family That Owns The New York Times Reportedly Had Slaves, Supported In the same period, thousands of corporate executives got promoted, led the way to 7 or 10 or 15 quarters of profitability, then cashed in and passed from the American scene with hardly a trace. For as little as $6/month, you will: Were really pleased that youve read X Times of Israel articles in the past month. The real change agents in American journalism are usually people like the self-titled SOB Allen Neuharth of Gannett, the founder of USA TODAY, who are not even trying to uphold the standards embraced by the Times. Let My Patriot Supply help you prepare for the worst. We learn about the paper's metropolitan coverage or its foreign reporting, for example, only when a family member takes a turn at it. At today's prices, that's worth about $344 million. But as fun and fascinating as some of these extra-credit Sulzbergers may be, its very likely that it was Sulzberger Jr. himself who inspired Armstrong to dig into this other brand of New York dynastic power. However, by the time George Jones passed in 1891, The New YorkTimeshad recovered its readership and revenue. Slims loan gave the company time to craft a revival strategy: it integrated digital and print newsrooms, sold the Boston Globe, implemented aggressive marketing campaigns, and created a working digital business model. Should he have? Frustratingly, though, the authors settle for chronicling the family's history and do little by way of interpreting it. We continue to explore other financing initiatives and are focused on reducing our total debt through the cash we generate from our businesses and other decisive steps.. The New York Times Co. - Case Solution - casehero.com Copyright 2023 | The American Prospect, Inc. | All Rights Reserved, The Alt-Labor Chronicles: Americas Worker Centers, The Trust: The Private and Powerful Family Behind The New York Times. In 2005, a vicious profile in. The Pierce familywhose members have yet to appear onscreen but simmer in the background of this episodeappears to be based loosely on the Sulzberger clan, which has run the New York Times since 1896. Sulzberger introduced Gonzalez to colleagues at the paper and to members of the Ochs-Sulzberger family, which controls the New York Times Company. The New York Timestargeted 10 million subscribers by 2025, a target its hit with three years to spare. He and his wife, Gail Gregg, were married by a Presbyterian minister. Married to Orvil Eugene DRYFOOS. Married: 1958. Thompson achieved his target of hitting $800 million in digital revenue by 2020. It's an American ideal. Meredith had big shoes to fill, but she expressed confidence in her ability. Sulzberger was born in Mount Kisco, New York, the son of Barbara Winslow (ne Grant) and Arthur Ochs "Punch" Sulzberger Sr., the grandson of Arthur Hays Sulzberger, and the great-grandson Adolph Ochs. For me, fashion is life, and life is art, she writes on her Revised several times, the Sulzberger trust now states that the power and money are held principally by the 13 cousins in Arthur, Jr.'s generation. Get the latest business insights from Dun & Bradstreet. A move to support Democrat Grover Cleveland in his first presidential campaign lost the paper a significant chunk of Republican readers, leading to a loss of revenue. 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. . Not surprisingly, neither Sulzberger nor the family members on the board were interested in ceding control of the company. I feel weve achieved everything we had hoped to achieve,Thompson said. After Ochss death, his son-in-law, Arthur Hays Sulzberger, took over the reins at The Times. and the best executive editor in the business, I depart knowing the best is yet to come.. . Sulzberger was educated at private schools and, after service in the U.S. Marine Corps (1944-46 . 2023 Cond Nast. . Per a 1986 agreement, any Class B shares sold outside the family would be automatically converted to Class A shares. Please try again or choose an option below. [18] The Innovation Report was leaked to BuzzFeed News in March 2014. [25] In 2018, he married Molly Messick.[5]. The party was a celebration of the day one century earlier when Punch's grandfather, Adolph Ochs, bought the floundering (and then-hyphenated) New-York Times and began the long, steady campaign to turn it into the best newspaper in the country. [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". 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.. 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. Golden (making it the unofficial Ochs-Sulzberger house band). During Punch's 34-year tenure, there were eight different presidents of the United States, from Kennedy to Clinton, as well as hundreds of members of the House and Senate who came and went. . Will the Sulzberger Children Sell Out the New York 'Times'? -- New York 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". Adolph Ochs, the original member of the Ochs Sulzberger clan, married Effie Wise, the daughter of Rabbi Isaac Mayer Wise, a leading American Reform Jewish scholar who founded the movements rabbinical school, the Hebrew Union College-Jewish Institute of Religion. Thats because unlike the Hiltons, Trumps, Kennedys, Murdochs, Hearsts, Redstones, Kochs, and other moneyed families whose antics often land them in the tabloids, the Sulzbergers have studiously and steadfastly avoided public scrutiny. [2][3] At Brown, Sulzberger worked briefly for The Brown Daily Herald as a Contributing Writer. Or alternatively, change is made by outsiders like Ted Turner, who created CNN and, with it, the 24-hour news cycle. Armstrong told the Times that even the Sulzbergers were partially inspiration for the Roys. Where did it come from? The maternal side of his family reportedly owned slaves and participated in the Civil War. In search of profit, Willes forced The Los Angeles Times's newsroom to play ball with the newspaper's business office, which resulted recently in an embarrassing joint venture with a local arena--precisely the kind of thing the Sulzbergers are raised to avoid. By the end of the book, he looms even larger than the founder, and he dwarfs Arthur, Jr. The younger Sulzberger is the sixth member of the Ochs/Sulzberger clan to become . [7] On December 14, 2017, he announced he would be ceding the post of publisher to his son, A. G. Sulzberger, effective January 1, 2018. Before A.G. became chairperson, he faced competition for the role of deputy publisher from his cousins Sam Dolnick and David Perch. What is the nature of the Times's power? From 1983 to 1987, Sulzberger worked in a variety of business departments, including production and corporate planning. 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. Even the central claim--that the Sulzbergers might be the country's most powerful family over the past century--is stated but never argued. Arthur Ochs Sulzberger | YourDictionary 'He doesn't like bullies': The story of the 37-year-old who took over A.G. Sulzberger, the new deputy publisher . Ochs Sulzberger family members pressured NY Times management to restore Nevertheless, she was reluctant to join the paper after it offered her the top position in advertising. Click the link in that email to complete registration so you can comment. Law Office of Sulzberger & Sulzberger is ready to help you with all of your estate planning, estate and trust administration and wealth transfer matters. Files for Divorce", The New York Times & 9/11: Arthur Ochs Sulzberger Jr. Interview (2001), https://en.wikipedia.org/w/index.php?title=Arthur_Ochs_Sulzberger_Jr.&oldid=1129708197, Tufts University School of Arts and Sciences alumni, Short description is different from Wikidata, Wikipedia pending changes protected pages, Pages using infobox person with multiple parents, Creative Commons Attribution-ShareAlike License 3.0, The New York Times Syndicate & News Service, This page was last edited on 26 December 2022, at 19:14. A Conversation with A. G. Sulzberger, the New Leader of the New York Young Iphigene was certainly bright enough and even tried to disguise herself to get a job on the newspaper, but she was deemed ineligible to inherit the newspaper because of her gender. The owners drew criticism for the way the paper covered Jewish affairs, particularly the Holocaust. The trust is run by a committee of eight family members. [4], Sulzberger's parents divorced when he was five years old. Arthur Ochs Sulzberger, who died in 2012, identified as nominally Jewish, although not at all religious. He was much more comfortable with his Judaism than his father, wrote former Times religion reporter Ari Goldman. SULZBERGER FAMILY TRUSTEE COMPANY LIMITED :: New Zealand :: OpenCorporates He also served as chairman and chief executive of The New York Times Company from 1963 until 1997, when he passed the reins to his son, the paper reported. Counsel & Corp. Sec. [20][21], Sulzberger married Gabrielle Greene 2014, and the couple filed for divorce in 2020.[22][23][24]. It was a long, slow climb to success. Why the Sulzberger family should sell the New York Times | Fortune Married: 1946. Board of Directors | The New York Times Company [35] A.G. Sulzberger became the chairman of The New York Times Company on January 1, 2021. 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. In 1896, Adolph Simon Ochs, the publisher of theChattanooga Times,purchased a controlling stake in the company. the Sulzbergers, is a variety of artists, musicians, academics, 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 . Sulzberger, a Reform Jew, was an outspoken anti-Zionist at a time when the Reform movement was still debating the issue. Diane Baker, a former chief financial officer of the New York Times Company, described him as having the personality of a 24-year-old geek, and (gasp!) Newhouse family - Forbes Arthur Ochs Sulzberger, Jr.'s Net Worth Probably, 2020 is the busiest year for Arthur Ochs Sulzberger, Jr.. On the other hand, there are many limits on the publisher's power. Granted, the Times presents challenges to any author. The New York Timesis based in New York but read worldwide; its ranked 18th by circulation. 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. 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. 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. Various Sulzbergers have left their mark, literally, on the world. It's easy to be misled by the Times's recent greatness into thinking that it was always so. The familial exchange of power wasnt unexpected. [13] In 2013, he was tapped by then-executive editor Jill Abramson to lead the team that produced the Times' Innovation Report,[14] an internal assessment of the challenges facing the Times in the digital age. It's also a situation where you can prepare yourself for the calling, but it's considered unseemly to campaign for it. Married to Andrew HEISKELL. [6] In 1974, he received a Bachelor of Arts degree in political science from Tufts University. Find company research, competitor information, contact details & financial data for SULZBERGER REALTY PTY. And if the Pierces are anything like the Sulzbergers, then theres plenty of material for the Succession writers to work with. His son, 37-year-old Arthur Gregg (A.G.) Sulzberger, will succeed him. Who owns The New York Times? Everything you need to know Sulzberger Name Meaning & Sulzberger Family History at Ancestry.com.au He is a fifth-generation descendant of Adolph S. Ochs, who bought the newspaper in 1896 as it was facing bankruptcy. The New York Times' major individual shareholder is the Sulzberger family, owning it for several generations. Perpich, a grandson of Arthur Ochs Sulzberger, was married by a rabbi in 2008. Thats why we started the Times of Israel ten years ago - to provide discerning readers like you with must-read coverage of Israel and the Jewish world. Sulzberger Will Shows Heirs Want to Sell his New York Times Stock During the annual shareholders' meeting in April 2006, some investors including Morgan Stanley Investment Management (MSIM), who holds 28% of the company's stock altogether . The tradition of handing down the paper from father to a firstborn son also named Arthur is such an obviously medieval practice at the New York Times that Sulzbergers dad and predecessor, Arthur Ochs Pinch Sulzberger Jr., kept a Steuben crystal sculpture of a gold-handled Excalibur embedded in stone on his deska gift and potential Shiv Roy-worthy act of passive aggression from his passed-over sisters when he was named publisher and the familys next kingArthur. As a multi-generational Jewish crime family, the Sulzbergers rank second (albeit a distant second) only to The Rothschilds -- whose ultra-patriarch, Meyer Amschel Rothschild, first made his mark about 250 years ago, and whose direct male descendants still wield enormous power to this day. It is a family company, and the family, I assume, decides who the successor is in a way that isnt either particularly corporate or democratic. TheNew York Timeseventually recovered a recovery made possible by Carloss investment. [9] He became a national correspondent,[10] heading the Kansas City bureau and covering the Midwest region. 12 'Nepo Babies' of Big Business Helped by Family Connections The Jewish issue, which the family is quite conscious of but reticent about discussing, also gets its due in The Trust. Katie, lives in Marthas Vineyard and has sought to promote awareness 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. [2][30] Though The New York Times is a public company, all voting shares are controlled by the Ochs-Sulzberger Family Trust.

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