sulzberger family companies

Im sure we should exercise the option, but we look at it like a financial investment that has been very good., Then chief executive Mark Thompson said repurchasing of the shares was the best option for Carlos:We believe it is in the best interests of the company to continue to maintain a conservative balance sheet, and a prudent view on the allocation of free cash flow and this one-off repurchase program should not be viewed as a change of position about our capital allocation plans., Read Next: Who owns Reuters? New York Times Under Fire for 'Inaccurate, Misleading' Report on While criticism from the Jewish community under his tenure was less harsh than during his grandfathers time, many, particularly on the right, still saw the newspaper as being biased against Israel. Already a member? In a smooth, well-paced narrative, they give a detailed account, including the family's many marital affairs, divorces, and jealousies. Donald Trump, a critic of The New YorkTimes,inadvertently helped it remain in business by providing near-endless scandals for the paper to dig its teeth into. 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. Meredith Kopit Levien grew up in Richmond, Virginia, where she occasionally read The New YorkTimescourtesy of her New Yorker parents. NEW YORK (JTA) On Thursday, The New York Times announced that its publisher, Arthur Ochs Sulzberger Jr., 66, is stepping down at the end of the year and will be succeeded by his son, 37-year-old Arthur Gregg (A.G.) Sulzberger. It enjoyed early success because it targeted an intellectual readership. In September 1857, the paper becameThe New-York Times(the hyphen dropped in 1896). Various Sulzbergers have left their mark, literally, on the world. The 42 Best Romantic Comedies of All Time, The 25 Best Shows on Netflix to Watch Right Now, Inside Ivanka Trump and Jared Kushners Gilded Florida ParadiseFar From Donald Trump or 2024, Chaos lingers at the periphery, but the Trump-Kushner marriage is thriving in exile. 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 substantial funds. 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. Arthur Ochs Sulzberger Jr. was raised in his mothers Episcopalian faith and later stopped practicing religion. Ochs-Sulzberger Heirs Campaign Against Nepotism Among Chasidic Jews (That was probably the New York Herald Tribune, whose story is told in the unsurpassed newspaper history The Paper, by Richard Kluger.) At the center is the legal trust that governs how the family manages its ownership. Who owns The New York Times? - Quora For me, fashion is life, and life is art, she writes on her Last Thursday, The New York Times announced that its publisher, Arthur Ochs Sulzberger Jr., 66, is stepping down at the end of the year. From 1983 to 1987, Sulzberger worked in a variety of business departments, including production and corporate planning. We all have more of a stake in what The New York Times does than in what a potato chip manufacturer does. 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. [2], Sulzberger's mother was of mostly English and Scottish origin and his father was of German Jewish origin (both Ashkenazic and Sephardic). The name of the family trust, Marujupu, is comprised of the names of the four children of the late matriarch Iphigene Ochs. Sometimes that focus sheds light on how decisions are really made at the top. Arthur Ochs Sulzberger | YourDictionary Advertisements. Journalist and politician Henry Jarvis Raymond and George Jones foundedThe New York Timesas theNew-York Daily Timesin September 1851. 'He doesn't like bullies': The story of the 37-year-old who took over Learn how to leverage transparent company data at scale. 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. Not surprisingly, neither Sulzberger nor the family members on the board were interested in ceding control of the company. The Sulzberger and Newhouse Families | Observer Married to Andrew HEISKELL. But in the end, I love the place, and I love the mission.In two years, Meredith earned a promotion to chief revenue officer and executive vice president. The Jewish issue, which the family is quite conscious of but reticent about discussing, also gets its due in The Trust. A.G. Sulzberger, 37, to Take Over as New York Times Publisher [8], Sulzberger remained chairman of Times board until December 31, 2020, when he passed that position to his son as well.[9]. In high school he went on a trip to Israel that left him slightly intrigued by his background, Jones and Tifft wrote. For most of the twentieth century, the Times and the Sulzbergers have been dealing with the transfer of power--fretting over it, speculating about it, handicapping it, and sometimes campaigning for it. The occasion was a special anniversary for The New York Times, the nation's pre-eminent bastion of serious journalism. The Sulzbergers: Inside The Family That Controls The New York Times A.G. Sulzberger is part of a generation at the paper that includes his cousins Sam Dolnick, who oversees digital and mobile initiatives, and David Perpich, a senior executive who heads its Wirecutter product review site. Ad Choices. [6] Despite threats from the club to withdraw their advertising if the story ran, the Journal published Sulzberger's story. [18][19] The couple have two children: a son, Arthur Gregg Sulzberger, and a daughter, Annie Sulzberger. [6] While there, he revealed that membership of the Narragansett Lions Club was not open to women. A.G. Sulzberger is an American journalist and the publisher of The New York Times. It was not the biggest newspaper in New York and certainly not the best written. The Sulzberger family name was found in the USA, the UK, and Scotland between 1880 and 1920. Such questions go unexamined in The Trust. The Ochs-Sulzberger family's reported connection to slavery and the Confederacy is linked to Adolph Ochs and his mother Bertha Levy Ochs, according to the New York Post. As a publisher, he oversees the news outlet's journalism and business operations. This polarization of political views could have many effects on the politics of the nation - both in the upcoming (2016) presidential election and societal developments in the future. teachers, and even a fashion stylist. It takes just a few seconds. His mother was a descendant of Mayflower crew member John Alden and Plymouth Colony governor Edward Winslow. "[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. There are obvious comparisons to be made to the Rockefellers or the Kennedys in the dynasty field, but the authors never get there. And if you dont be a little more careful, I may nuke you!. Sulzberger became the publisher of The New York Times in 1992, and chairman of The New York Times Company in 1997, succeeding his father, Arthur Ochs Sulzberger. The younger Sulzberger is the sixth member of the Ochs/Sulzberger clan to become . 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. Back in 2002 at U.C. One hundred years later, the Times was the acknowledged leader of American journalism, and although it had become a billion-dollar operation, it was still a family paper, controlled by Punch Sulzberger and his sisters and cousins and their children. In 1891 there were 5 Sulzberger families living in London. Once registered, youll receive our Daily Edition email for free. Born: 27 Dec 1923, New York, NY. Nevertheless, given its owners family history, its disproportionately large Jewish readership and its frequent coverage of Jewish preoccupations, The Times is often regarded as a Jewish newspaper often disparagingly so by anti-Semites. Staggering Hypocrisy of New York Times Exposed In 1929, the explorer Admiral Richard Evelyn Byrd named one of the glacial peaks in Antarctica after them, Marujupu Peak, not far from Ochs Glacier and Mount Iphigene. As the 33-year-old son of New York Times publisher and company chairman Arthur Sulzberger Jr., whose family has steered the institution since 1896, Arthur Gregg Sulzberger is one in a handful of . . The New York Times Isn't For Sale, But That Could Change Soon As family members, they hold the bulk of the company's Class B voting stock, which allows them to control its board of directors. Died:2017. . The Ochs/Sulzberger family controls nine of the 13 seats on the company's board, through its ownership of separate voting-class stock. He also For a brief moment, it looked like the Sulzberger name would depart the papers helm. But in season two, episode three, Hunting, a new kind of player enters the game. The teller of the tale can be more or less critical, but the basic trajectory of the story is already set along the lines of a conventional success story--precisely the kind of story that journalists are trained to doubt and dislike. 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. And that family history lives on. The authors routinely refer to Punch as "powerful" or "influential," yet they spend little time discussing the nature of that power. (photo credit: book cover), This March 2, 1973 file photo shows New York Times publisher Arthur Ochs Sulzberger in his office in New York. sulzberger family net worth sulzberger family net worth Judith Peixotto SULZBERGER. By acquiring the Athletic and its 1.2 million subscribers, The New YorkTimessurpassed 10 million subscribers; its target is now 15 million subscribers. Hostile place (1) Entertainer Kazan (1) Saintly aura (1) Dictionary label (1) Charity event (5) Tell us a little bit about that, and what effect you think it has on how this great paper can comport itself in the world. Sulzberger, trained since childhood for this job, swiftly deflected: Theres a lot behind that question. Meet the brand-new players on the board this season. In retaliation, an angry Sulzberger pulled the family's personal holdings, approximately $200 million in New York Times stock, from an account at Morgan Stanley. Scene Stealer: The True Lies of Elisabeth Finch, Part 2. The Sulzberger family derived its name from the town of Sulzberg, near Ratisbon, in Bavaria. In a 2005 New Yorker profile about him also titled The Inheritance, famed Times writer and author of the definitive history of the Times, The Kingdom and the Power, Gay Talese told author __ Ken Auletta__ cooly, You get a bad king every once in a while.. For comparison's stake, the entire Ochs-Sulzberger family, including the newspaper's publisher, Arthur Ochs Sulzberger Jr., and all the trusts he and his cousins control, own a stake amounting to a mere 11 percent, according to the proxy statement. Sulzberger met with President Donald Trump at the White House on July 20, 2018. Married to Matthew ROSENSCHEIN, Jr. For this book, they certainly did their homework. [33] He became publisher on January 1, 2018,[34] succeeding his father Arthur Ochs Sulzberger Jr.,[25] although the elder Sulzberger remained chairman of The New York Times Company until the end of 2020. Asked recently about his working relationship with Dolnick and Perpich, A.G. Sulzberger spoke of their strong journalism backgrounds and invoked the family ethos. sulzberger family political views The current chairperson, A.G. Sulzberger, took over from his father, Arthur Ochs Sulzberger Jr., in early 2021. The . Check this off your list and sleep better at night knowing your family won't suffer when disaster strikes. Find company research, competitor information, contact details & financial data for SULZBERGER REALTY PTY. Quinn-Hopping Funeral Home 145 E. Mt. Carlos bought a 6.4% stake in The New York Times Company; however, it wasnt enough. The voyage had taken 80 days and there were many other German families to keep them company on the voyage 168 Germans all told - including the Erb, Kelb and Dornauf . The option is a lower price,Carlos told Reuters. 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 familial exchange of power wasnt unexpected. Their situation could well have been inspiration for the one Roy family employee Gerri Kellman describes in episode three when she asks if some of the young cousins in the Pierce family want yacht money.. Sulzberger scion's star rises - POLITICO Media The Sulzbergers operate the Times under a family trust designed to prevent individual heirs from selling out. The Open Database Of The Corporate World. Journalistically, the position is almost papal, in the sense that the best its holder can hope to do is to keep the institution going. The emmigration from Germany - sulzbergerfamily [17], Sulzberger married Gail Gregg in 1975, and the couple divorced in 2008. He went to great lengths to avoid having The Times branded a Jewish newspaper., As a result, wrote Frankel, Sulzbergers editorial page was cool to all measures that might have singled [Jews] out for rescue or even special attention., Though The Times wasnt the only paper to provide scant coverage of Nazi persecution of Jews, the fact that it did so had large implications, Alex Jones and Susan Tifft wrote in their 1999 book The Trust: The Private and Powerful Family Behind The New York Times.. [35] A.G. Sulzberger became the chairman of The New York Times Company on January 1, 2021. As publisher, he oversees the news outlet's journalism and business operations. By way of summation, they offer this weak, celebratory comment: "[O]ver the course of more than a century, the magic and mission of The New York Times had somehow managed to last, in large part because of the ownership and guidance of one quite ordinary and quite remarkable family.". Katie, lives in Marthas Vineyard and has sought to promote awareness Genealogy for Arthur Ochs Sulzberger (1926 - 2012) family tree on Geni, with over 230 million profiles of ancestors and living relatives. We learn about the paper's metropolitan coverage or its foreign reporting, for example, only when a family member takes a turn at it. What is the nature of the Times's power? 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.. It's an American ideal. All rights reserved. Jyoti Mann Big business "nepo babies" include, clockwise from top left, Delphine Arnault, David Lauren, Lachlan Murdoch, Shari Redstone, Eric Trump, and Donald Trump Jr. GETTY IMAGES A "nepo baby,". The surprising truth, Broker: the baby box drama movies ending, explained, Colleen Hoovers It Starts with Us: the sequels ending, explained, Why is SHEIN so cheap? Ex-New York Times publisher Arthur Sulzberger Jr.'s divorce gets dirty When Succession creator Jesse Armstrong set out to make his HBO series about power and family conflict in the world of New York media he had a very specific type of business mogul in mind. The Ochs-Sulzberger family is a great American family that has served our nation in war and peace since its founding. the Sulzbergers, is a variety of artists, musicians, academics, More seriously, the attention to the family makes this an uneven book as an institutional history of the Times. Get the latest business insights from Dun & Bradstreet. Robinson also. Had The Times highlighted Nazi atrocities against Jews, or simply not buried certain stories, the nation might have awakened to the horror far sooner than it did, Jones and Tifft wrote. 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. Sulzberger moved The New York Timesto the internet in 1996. 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 . And Arthur Sulzberger Jr. owns 1.8% of Class A stocks and 92.2% of Class B stocks. [11][12] The 2017 film Kodachrome, directed by Mark Raso, is based on his 2010 article about a rural community that became the last place to develop Kodachrome film. The Panic of 1893 hit the paper hard, and by 1896, The New York Timeshad less than 10,000 readers and was losing $1,000 a day. Becoming deputy publisher made one the heir apparent to The New York Times throne. [4], Sulzberger's parents divorced when he was five years old. 1 Sponsored by Forbes Advisor Best pet insurance of 2023. - Age . The Sulzberger family: A complicated Jewish legacy at the New York Arthur oversaw significant changes in the company, including the move from black and white to color and subsequent transformation into a digital publication. Looming at one end of that shelf is the standard-setting Kingdom and the Power by Gay Talese, flanked by the memoirs of such Times authors as Scotty Reston, Russell Baker, and Max Frankel. From 1997 until 2020, Sulzberger was the chairman of The New York Times Company and the publisher of The New York Times from 1992 to 2018. 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. Arthur Ochs Sulzberger, byname Punch, (born February 5, 1926, New York City, New York, U.S.died September 29, 2012, Southampton, New York), American newspaper publisher who led The New York Times through an era in which many innovations in production and editorial management were introduced. Sign up for our daily Hollywood newsletter and never miss a story. 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. [6] In 1974, he received a Bachelor of Arts degree in political science from Tufts University. On this Wikipedia the language links are at the top of the page across from the article title. 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. That access is one of the book's many virtues, but it also has a downside. Inside Sheins controversial culture, Does Noom really work? Sulzberger Will Shows Heirs Want to Sell his New York Times Stock He moved to New York as a metro reporter in 1981, and was appointed assistant metro editor later that year. flexes his editorial muscle on his Facebook page: Alex Thinks Sarah With his arrival in the narrative, the authors of The Trust develop two of their major themes--the recurring crisis over finding a male family member to run the company and the sporadic significance of the family's Jewishness. Law Office of Sulzberger & Sulzberger is ready to help you with all of your estate planning, estate and trust administration and wealth transfer matters. [32] Sulzberger has been the principal architect of the news outlet's digital transformation and has led its efforts to become a subscriber-first business. A.G. Sulzberger speaks onstage at the Committee to Protect Journalists' 29th Annual International Press Freedom Awards on Nov. 21, 2019, in NYC/ Getty Images It's hard to think of any other important American company a public one at that with such a long line of family succession, but it's easy to imagine how the Times' social . A.G. Sulzberger is chairman of The New York Times Company and publisher of The New York Times. "The Sulzberger family: A complicated Jewish legacy at The New York Times", "A.G. Sulzberger, 37, to Take Over as New York Times Publisher", "A.G. Sulzberger: Leading Change at The New York Times as Journalism Evolves", "Sulzberger didn't back down in Narragansett confrontation", "A.G. Sulzberger, New York Times' publisher and former Oregonian reporter, talks journalism in the digital age", "A.G. Sulzberger to assume publisher role at New York Times on Jan. 1", "Leadership of New York Times passes to next-generation Sulzberger", "New York Times Publisher Arthur O. Sulzberger, Jr. to Retire at Year's End; A.G. Sulzberger Named Publisher", "For Kodachrome Fans, Road Ends at Photo Lab in Kansas", "The leaked New York Times innovation report is one of the key documents of this media age", "The New Tork Times Claws Its Way Into the Future", "How A.G. Sulzberger Is Leading the New York Times Into the Future", "A.G. Sulzberger Vanquishes His Cousins, Becomes Deputy Publisher of the New York Times", "Exclusive: New York Times Internal Report Painted Dire Digital Picture", "Arthur Gregg Sulzberger Named Associate Editor", "New York Times Names A.G. Sulzberger Deputy Publisher", "This is The New York Times' digital path forward", "A.G. Sulzberger Vanquishes Cousins, Becomes Deputy Publisher of New York Times", "The Heirs: A Three-Way, Mostly Civilized Family Contest to Become the Next Publisher of The Times", "New York Times Names A.G. Sulzberger, 37, Its Next Publisher", "On Trust and Transparency: A.G. Sulzberger, Our New Publisher, Answers Readers' Questions", "New York Times chairman retires after 23 years leading the board", "NYT publisher disputes Trump's retelling of off-the-record conversation", "New York Times publisher A.G. Sulzberger chides President Donald Trump over 'fake news' claims", "New York Times publisher says he chided Trump not to call press the enemy", "NYT publisher A.G. Sulzberger says an independent press is an 'American ideal', "Knight Media Forum 2020 A.G. Sulzberger", https://en.wikipedia.org/w/index.php?title=A._G._Sulzberger&oldid=1138150552, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, The New York Times Syndicate & News Service, This page was last edited on 8 February 2023, at 08:16. This is a remarkable family business book. "[42], Through his father, Sulzberger is a grandson of Arthur Ochs "Punch" Sulzberger Sr., great-grandson of Arthur Hays Sulzberger, and great-great-grandson of Adolph Ochs. On the opposite coast, The Los Angeles Times provides a cautionary tale: When the Chandler family dropped its active running of the paper, they turned to the cereal maker Mark Willes from General Mills, whose only prior involvement with the newspaper business was as a reader. Early life and education [ edit] Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. Arthur Ochs "Pinch" Sulzberger Jr. (born September 22, 1951) is an American . Frustratingly, though, the authors settle for chronicling the family's history and do little by way of interpreting it. Index of US Mainstream Media Ownership | The - Harvard University He was the son of Arthur Hays Sulzberger, chairman of the board of the New York Times Company, and of Iphigene Bertha, ne Ochs, through whom he was a descendant of Adolph Ochs, the founder of the New York Times. It also can't really sell them. Today, the Ochs-Sulzberger family, through several trusts, notably the Ochs-Sulzberger Trust, controls about 91 percent of the stock that elects 70 percent of the company's board members. Various Sulzbergers have left their mark, literally, on the world. But even so, Sulzberger Jr.s bad reputation is barely a blip compared to other media moguls. [16] On his first day as publisher, Sulzberger wrote an essay noting that he was taking over in a "period of exciting innovation and growth", but also a "period of profound challenge". Does it matter that the paper used to be conservative and is now liberal? The New York Timesis one of the worlds most iconic newspapers. A.G. Sulzberger, the new deputy publisher . Under Joness leadership, the paper became increasingly Republican-leaning, especially after its damning expos of the citys Democratic Party leader William Tweed. The Trust: The Private and Powerful Family Behind The New York Times Married to Ben Hale GOLDEN. A new general-assignment reporter named A. G. Sulzberger was banging around the city, writing about a Third Avenue flop house upstairs from J. G. Melon, a high-end burger joint; about the maiden .

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