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NYT CEO "Pinch" Sulzberger Jr. acknowledged paying a sky-high rate to Mexican billionaire Carlos Slim......14% interest for $250M loaned in January, "but given the state of our economy, our industry and credit markets, we believe it's fair and financially sound." The comments were part of a second memo issued to staff in an effort to boost transparency at the struggling newspaper giant....also referenced was the company's crushing $1B debt load....$45M matures before 2011, "and we expect to pay that in November with cash flow from operations and our revolving credit agreement," Sulzberger memoed.

SULZBERGERS' FIRM-BASED INCOME SLIPS TO $4.5M The Ochs-Sulzberger family since 1896 has run the venerable NY Times empire has now lost more than 86% of its fortune and may have to sell their controlling stake to get out of debt......about two dozen descendants had comfortable lifestyles, living on wealth valued as high as $425M....down to a paltry $4.5M, which could shrink even more. Soaring losses amid a devastating media slump have drained corporate cash, pushed the company deeper into $1.3B debt and beckoned a stock vulture -- Mexican billionaire Carlos Slim, who bailed out the Times with a high-interest $250M...

Howard Kurtz at the Washington Post is covering the apparent demise of another ancient American newspaper; the Boston Globe. Yes, it was a liberal rag - a laughably small minded, mini-me imitation of its parent, the New York Times. But if one believes that a city's newspapers are more than mouthpieces for one political party or another, that covering art, culture, sports, fashion, and local business is an important task beyond politics that helps unite and define a metro area - then we may be suitably chastened by the demise even of a paper that thought John Kerry was the...

Caroline Kennedy Romance Affair Caroline Kennedy rumored affair and Arthur Pinch Sulzberger? Caroline Kennedy’s rumored affair was with New York Times publisher Arthur Sulzberger. Arthur Ochs Sulzberger, Jr. (born Sept 22 1951) is the son of Arthur Ochs Sulzberger aka Punch Sulzberger. The son is sometimes called Arthur Pinch Sulzberger as a variation of his father’s nickname. “Obama recently named Caroline Kennedy to his vice presidential search committee - and she’s been telling friends that if he’s elected to the White House, she wants to move to Washington, D.C., and take a role in his Democratic administration,” a friend revealed....

If Arthur Ochs Sulzberger Jr, chairman and publisher of The New York Times, had paused in his Renzo Piano-designed headquarters this week, the art project commissioned for its lobby might have caught his eye. “Why are the Giants struggling?” read the message on one of the screens randomly flashing up lines from the newspaper and its website. “What is to be done?” blinked another in front of an atrium full of birch trees. The giants of US journalism are more than struggling. This week, the Tribune Company filed for bankruptcy, crushed by $13bn (€9.7bn, £8.7bn) of debt from Sam Zell’s...

A collection of The Times's endorsements for the presidency, from Abraham Lincoln in 1860 through the editorial board's choice of Senator Barack Obama this year.

INCREDIBLE SHRINKING TIMES FEELS THE 'PINCH' By KEITH J. KELLY Posted: 4:36 am September 6, 2008 The New York Times yesterday said it will cut back the number of sections it has in the daily paper it sells in the metro New York area beginning next month, the latest cost-saving move at the beleaguered newspaper. The change returns to four the number of sections in the paper, and represents an about-face from the daily's fanfare-filled move in 1997 to expand to six sections and incorporate color onto its pages. As part of the move, the Sports section will now be...

<p>New York Times Co. said Tuesday that its July revenue from continuing operations fell 10.1 percent this year as advertising revenue slipped 16.2 percent. Overall revenue dropped to $235.9 million in July from $262.3 million in July 2007, the publisher said.</p>

Pinch Sulzberger has taken perhaps the most recognizable media brand in the country and run it into the ground. Can the Gray Lady be saved?

<p>Arthur Sulzberger Jr., chairman of The New York Times Company, and his wife, Gail Gregg, have decided to separate, they said in a statement issued Friday.</p>

The New York Times is always for higher taxes. But publisher Arthur O. Sulzberger Jr. doesn't relish paying Uncle Sam any more than he has to. The Post's Braden Keil reports "Pinch" just sold his duplex Central Park-fronting apartment at 1 W. 64th St. to his wife, Gail Gregg, for the relatively low price of $3.25 million, according to city transfers. When quizzed about the odd transaction, a Times spokeswoman said: "The sale was done for estate-planning purposes." Neighbors in the building include Madonna, who briefly put her like-sized duplex on the market for $6.75 million in 1997.

IN 1972, Arthur Ochs Sulzberger, the publisher of The New York Times, was looking for a conservative columnist for his left-leaning Op-Ed page. At a charity dinner, he wound up sitting next to William Safire, the Nixon White House speechwriter who coined Spiro Agnew’s famous denunciation of the press as “nattering nabobs of negativism.” They soon had a deal. But, as described in “The Trust,” the authoritative history of the family that has controlled The Times for more than a century, Sulzberger neglected to involve John Oakes, his cousin and the editor of the editorial page, in the decision. Oakes...

Ed Lasky The decline of the New York Times as a reputable newspaper has been matched by the decline of its business management. The running (or running down of the newspaper) by "Pinch" Sulzberger, descendant of the family which had purchased and remade the paper generations ago, has progressively destroyed the value of the Times (the apple does fall far from the tree-especially after several generations). The paper has suffered disproportionably more than its peers on the stock market. It will suffered another indignity this morning. A huge block of shares was sold early this morning off the New York...

Will Pinch Sulzberger Lose The New York Times? Monday , October 01, 2007 By Thomas Lifson Arthur Ochs Sulzberger Jr., known all but universally as "Pinch", may well be the last member of the Sulzberger/Ochs family to run the world-famous newspaper company. He is trapped in a financial and competitive trap of his own making, and may have to rely on new money coming into the company at the price of relinquishing his managerial power. Christopher Alleva already explained last week that the incredible shrinking equity resulting from the combination of high dividends and low profits is already raising questions...

Once again, the Watergate maxim that "the cover-up is worse than the crime" is proving valid. And Clark Hoyt, "public editor" (ombudsman) of the New York Times is playing the part of John Dean in what could be titled "All the Publisher's Men." The revelations about the MoveOn "betray us" ad contained in Hoyt's column today raise serious questions about the integrity of the company's management. Members of the Sulzberger/Ochs family who control the Times have even more reason to be gravely concerned the very survival of their patrimony is being jeopardized by incompetence or worse on the part of Pinch...

The Gray Lady's Bones Are Showing David Lee Smith September 14, 2007 This is almost like watching a slow starvation. New York Times' (NYSE: NYT) advertising revenue, already on a steady slide for years, fell another 3.2% in August. The bad news is nothing new. Let's glance through the negatives, shall we? The News Media Group -- the newspapers -- saw revenue drop by 4.6% in a single month. All-important classified revenue plummeted 20% in the month, as weakness in real estate, help-wanted, and automobile ads took its toll. The hardest-hit entities were the New England Media Group, where ad...

Is This The End of The New York Times? Of course this isn't THE end of The New York Times, but it has been a particularly bad week for the paper of record. Conservatives, for one, were almost unanimous in their anger at the full-page Moveon.Org ad that appeared in the September 10 edition of the New York Times, anticipating -- sabotaging? -- perceptions of General Petraeus' testimony. And today news of weak ad sales brought the paper to its 52-week low. Clearly things are not going to get better for newspapers in the forseable future. Although Arthur Sulzberger, Jr....

Dear Arthur (Pinch) Sulzberger,A few months back I emailed to ask you a simple question. The subject line of that email was ‘the dumbest question I’ve ever heard in my life.’ I never heard back from you or anyone. In light of recent events, I decided that it deserved another try.The other day the NY Times ran an ad paid for by the group Moveon.org. The headline read “General Petraeus or General Betray Us?” Leaving aside the clear assertions the ad makes, this got me thinking. An organization with the stature and influence the NY Times has can’t seriously...

NEW YORK His Saturday business column for The New York Times (available online only via TimesSelect) mainly explores how the Bancroft family blew the deal with the News Corp. But Joseph Nocera closes it with a brief sit-down interview with new owner Rupert Murdoch at his headquarters in New York, just after the deal closes. “The first road to freedom,” Murdoch explains, after (like Nocera) removing his tie and relaxing, “is viability.” This refers to the Wall Street Journal making healthy profits again, thereby allowing it to remain editorial independent. There is no "or else" uttered but it may be...

Like some robber baron capitalist of yore, the New York Times is telling the remaining full price readers of its print product that they will pay more and get less, the same message it has been sending advertisers for years. But far from a sign of strength, this move is an indicator that the slow motion business collapse of the New York Times Company may be picking up its pace. Pinch Sulzberger's Strategies Faced with rapidly waning print media revenue and internet revenues which are growing, but not even close to offsetting the decline of print, the strategic plan of...