New York Times Co. chairman Arthur Sulzberger Jr., speaking in New York as part of the “Media Minds” series hosted by Catherine Gray Communications and sponsored by the Knight Foundation and Gannett, said his family is not seeking to sell the newspaper they’ve controlled since 1896,
Capital New York
reported.
Sulzberger and Times Co. CEO Mark Thompson were interviewed at the event by Alex Jones, co-author of
The Trust,
a book about the Times Co.
According to the report, Sulzberger said that after Amazon co-founder Jeff Bezos bought the
Washington Post,
which had been controlled by the Graham family, he and his cousin, Times Co. chairman Michael Golden, set up a phone call with family members to ask if they would sign a letter saying the
Times
is not for sale. “They all said yes,” Sulzberger said.
Capital New York
reported that Sulzberger said a succession plan is in the works. Sulzberger said members of a committee working on the plan include some family members, Thompson and a board member, the article said.
The
Capital New York
report noted that the Times Co.’s advertising revenues have decreased for 13 consecutive quarters. Thompson said at the event that subscription revenue has been growing, the article said. (Source:
Capital New York,
March 13, 2014.)
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