Posted on 12/14/2017 3:46:23 PM PST by PJ-Comix
In a generational changing of the guard, Arthur Gregg Sulzberger, 37, will become the publisher of The New York Times on Jan. 1. His father, Arthur Ochs Sulzberger Jr., announced on Thursday that he was turning over the post to his son.
The ascension of the younger Mr. Sulzberger, who is known as A. G., comes just over a year after he was named deputy publisher of The Times. The New York Times Company’s board voted in favor of the move during a meeting on Thursday.
The elder Mr. Sulzberger, 66, who will stay on as chairman of The New York Times Company, has been the publisher since 1992.
“This isn’t a goodbye,” Mr. Sulzberger said in a note to Times employees on Thursday. “But, beginning in the new year, the grand ship that is The Times will be A. G.’s to steer.”
(Excerpt) Read more at nytimes.com ...
The Old Gray Whore gets a new pimp for the presstitutes
Nice to see children given responsibility.
Or given anchors to take them to the bottom of the sea.
Considering the history of this family, I would have thought it would be Pooft.
That’s the deal Conyers wanted, keep it in da fambly.
The Young Turk will embark on the 21st century by advocating early 20th century communism.
The biggest question is, is he still carried on his parents insurance? /s
the young generation he is from are worse than his parents, so I expect the propaganda rag to get much more to the left.
As in scr#wed the?
Is he a big a leftist dooshbag, dem party boot lick, as his lineage?
Punch, Pinch and Pooch. Is there also a family member named Paunch?
I seem to remember one named Poop
No but they have a cousin named Raunch.
Lies and Propaganda in another wrapper.
Bump!
For a Paper that screams against inheritance they are controlled by same family over 110 Years
I guess they don't practice what they preach
White Privileged
Which one is Carolyn Kennedy’s sweetie?
“Arthur Gregg Sulzberger, 37, will become the publisher of The New York Times...”
Isn’t that interesting. Does Arthur the poodle have any warrior skills to protect his charges?
you said it.
https://en.wikipedia.org/wiki/The_New_York_Times_Company
Ownership
Since 1967, the company has been listed on the New York Stock Exchange under the symbol NYT. Of the two categories of stock, Class A and Class B, the former is publicly traded and the latter is held privately -— largely (nearly 90%) by the descendants of Adolph Ochs, who purchased The New York Times newspaper in 1896.
Carlos Slim loan and investment
On January 20, 2009, The New York Times reported that its parent company, The New York Times Company, had reached an agreement to borrow $250 million from Carlos Slim, a Mexican businessman and the world’s second richest person,[29] “to help the newspaper company finance its businesses”.[30] The New York Times Company later repaid that loan ahead of schedule.[31] Since then, Slim has bought large quantities of the company’s Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held.[31] Slim’s investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares,[32] and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9 million Class A shares, making him the largest shareholder.[31][33] As of March 7, 2016, Slim owned 17.4% of the company’s Class A shares, according to annual filings submitted by the company.[34][35][36]
Although Slim is the largest shareholder in the company, his investment does not give him the ability to control the newspaper, as his stake allows him to vote only for Class A directors, who compose just a third of the company’s board.[31] According to the company’s 2016 annual filings, Slim did not own any of the company’s Class B shares.[34]
Board of directors
At the April 2005 board meeting, Class B shareholders elected nine of the fourteen directors of the company.[37]
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