Editing The New York Times Company (section)

== History ==
The company was founded by [[Henry Jarvis Raymond]] and [[George Jones (publisher)|George Jones]] in New York City. The first edition of the newspaper ''[[The New York Times]]'', published on September 18, 1851, stated: "We publish today the first issue of the New-York Daily Times, and we intend to issue it every morning (Sundays excepted) for an indefinite number of years to come."<ref name="timeline">{{cite web |url=http://www.nytco.com/company/milestones/timeline_1851.html |title=Timeline |access-date=September 29, 2008 |publisher=The New York Times Company |url-status=dead |archive-url=https://web.archive.org/web/20080914122138/http://www.nytco.com/company/milestones/timeline_1851.html |archive-date=September 14, 2008 |df=mdy-all}}</ref>

The company moved into the cable channel industry, purchasing a 40% interest in the Popcorn Channel, a theatrical movie preview and local movie times, in November 1994.<ref>(November 28, 1994). "[https://web.archive.org/web/20160409070530/https://www.highbeam.com/doc/1G1-15908200.html The New York Times Co. has decided to enter the cable network business by taking a 40% stake in the soon-to-be-launched Popcorn Channel. (Brief Article)]." Broadcasting & Cable. NewBay Media LLC. 1994.</ref> In 1996, it expanded upon its broadcasting by purchasing Palmer Communications, owners of [[WHO-DT]] in [[Des Moines, Iowa|Des Moines]] and [[KFOR-TV|KFOR]] in [[Oklahoma City]].<ref>{{Cite news|date=1996-05-15|title=Times Co. in Deal to Buy 2 TV Stations|language=en-US|work=The New York Times|url=https://www.nytimes.com/1996/05/15/business/times-co-in-deal-to-buy-2-tv-stations.html|access-date=2021-11-02|issn=0362-4331}}</ref>

In April of 2002, The New York Times Company and [[Discovery, Inc.|Discovery Communications]] announced a joint venture television network called Discovery Times, although this was just a rename of the Discovery Civilization Network. The company completed its purchase of ''[[The Washington Post]]''{{'s}} 50 percent interest in the ''[[International Herald Tribune]]'' (''IHT'') for US$65 million on January 1, 2003, becoming the sole owner.<ref>{{cite news |first=David D. |last=Kirkpatrick |title=International Herald Tribune Now Run Solely by The Times |url=https://query.nytimes.com/gst/fullpage.html?res=9F0DEFDC103FF931A35752C0A9659C8B63& |work=[[The New York Times]] |date=January 2, 2003 |access-date=August 29, 2008}}</ref>

On March 18, 2005, the company acquired [[About.com]], an online provider of consumer information, for US$410 million.<ref>{{cite news |url=https://www.theguardian.com/technology/2005/feb/18/media.pressandpublishing |title=New York Times buys About.com |last=Teather |first=David |date=2005-02-17 |newspaper=The Guardian |language=en-GB |issn=0261-3077 |access-date=2017-01-08}}</ref> In 2005, the company reported revenues of US$3.4 billion to its [[investor]]s.<ref>{{cite web |title=The New York Times Company 2005 Annual Report |url=https://nytco-assets.nytimes.com/2020/06/2005NYTannual.pdf |url-status=live |archive-url=https://web.archive.org/web/20200828070213/https://nytco-assets.nytimes.com/2020/06/2005NYTannual.pdf |archive-date=2020-08-28 |access-date=2020-08-28}}</ref> The Times, on August 25, 2006, acquired Baseline StudioSystems, an online database and research service on the film and television industries for US$35 million.<ref name="Deadline">{{cite news |url=https://www.deadline.com/2011/10/ny-times-sells-industry-database-baseline/ |archive-url=https://web.archive.org/web/20111008193503/http://www.deadline.com/2011/10/ny-times-sells-industry-database-baseline/ |url-status=dead |archive-date=October 8, 2011 |title=NY Times Sells TV/Movie Database Baseline |website=[[Deadline Hollywood]] |date=October 7, 2011}}</ref>

In 2006, The Times sold their stake in Discovery Times to Discovery. The channel was relaunched as [[Investigation Discovery]] two years later. The company announced on September 12, 2006, its decision to sell its Broadcast Media Group, consisting of "nine network-affiliated television stations, their related Web sites and the digital operating center".<ref name="BWPR">{{cite press release |url=http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-newsArticle&ID=904561 |title=The New York Times Company Announces Plan to Sell Its Broadcast Media Group |publisher=The New York Times Company |date=September 12, 2006 |access-date=July 23, 2008 |archive-date=January 9, 2016 |archive-url=https://web.archive.org/web/20160109123708/http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-newsArticle&ID=904561 |url-status=dead }}</ref> ''The New York Times'' reported on January 4, 2007, that the company had reached an agreement to sell all nine local television stations to the private equity firm [[Oak Hill Capital Partners]], which then created a holding company for the stations, [[Local TV LLC]].<ref name="Story">{{cite news |author=Story, Louise |url=https://www.nytimes.com/2007/01/04/business/04cnd-nyt.html |title=New York Times to Sell 9 Local TV Stations |work=[[The New York Times]] |date=January 4, 2007 |access-date=August 23, 2008}}</ref><ref name="BWPR2">{{cite press release |title=The New York Times Company Reports April Revenues |url=http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1003528&highlight= |publisher=The New York Times Company |date=May 17, 2007 |access-date=August 23, 2008 |url-status=dead |archive-url=https://archive.today/20120722191553/http://phx.corporate-ir.net/phoenix.zhtml?c=105317&p=irol-pressArticle&ID=1003528&highlight= |archive-date=July 22, 2012 |df=mdy-all}}</ref> The company announced that it had finalized the sale of its Broadcast Media Group on May 7, 2007, for "approximately [[United States Dollar|$]]575 million".<ref name="BWPR2" />

On May 7, 2007, the company announced that its About.com web information service was acquiring Consumersearch.com, a Web site that compiles reviews of consumer products, for $33 million in cash.<ref>{{cite news |url=https://www.nytimes.com/2007/05/07/technology/07about.html |title=About.com Buys ConsumerSearch.com |last=Times |first=The New York |date=2007-05-07 |work=The New York Times |access-date=2019-09-13 |language=en-US |issn=0362-4331}}</ref> In 2007, the company moved from 229 West 43rd Street to [[the New York Times Building]] at 620 Eighth Avenue, on the west side of [[Times Square]], between 40th and 41st streets across from the [[Port Authority of New York & New Jersey Bus Terminal]].<ref name="NYTBldg">{{cite press release |url=http://newyorktimesbuilding.com/pdf/FactSheet2007.pdf |title=The New York Times Company Enters The 21st Century With A New Technologically Advanced And Environmentally Sensitive Headquarters |date=November 19, 2007 |access-date=August 23, 2008 |publisher=The New York Times Company |url-status=dead |archive-url=https://web.archive.org/web/20080824015053/http://www.newyorktimesbuilding.com/pdf/FactSheet2007.pdf |archive-date=August 24, 2008 |df=mdy-all}}</ref>

On July 14, 2009, the company announced that [[WQXR-FM|WQXR]] was to be sold to [[WNYC]], which moved the station to 105.9 FM and began to operate the station noncommercially on October 8, 2009. This US$45 million transaction, which involved [[Univision Radio]]'s [[WQXR-FM|WCAA]] moving to the 96.3 FM frequency from 105.9 FM, ended the Times' 65-year-long ownership of the station.<ref>{{cite news |url=https://www.bloomberg.com/apps/news?pid=20601103&sid=ao4vtybp2N50 |title=New York Times to Get $45 Million for Radio Station |last=Bensinger |first=Greg |date=July 14, 2009 |publisher=[[Bloomberg News]] |access-date=July 18, 2009}}</ref>

In December 2011, the company sold its Regional Media Group to [[Halifax Media Group]], owners of ''[[The Daytona Beach News-Journal]]'', for $143 million. ''[[The Boston Globe]]'' and ''The Telegram & Gazette'' of [[Worcester, Massachusetts|Worcester]] were not part of the sale.<ref>{{cite news |url=https://www.boston.com/Boston/businessupdates/2011/12/new-york-times-sells-regional-news-group/ItdBMY9TmMWpR4Kmwst4JM/index.html |title=New York Times agrees to sell regional news group |author=<!--Staff writer(s); no by-line.--> |newspaper=[[The Boston Globe]] |access-date=December 30, 2011 |date=December 27, 2011}}</ref> In 2011, the Times sold Baseline StudioSystems back to its original owners, Laurie S. Silvers and Mitchell Rubenstein, majority shareholders of [[Hollywood.com|Project Hollywood LLC]].<ref name="Deadline" />

Facing falling revenue from print advertising in its flagship publication in 2011, ''The New York Times'', the company introduced a [[paywall]] to its website. As of 2012, it had been modestly successful, garnering several hundred thousand subscriptions and about $100 million in annual revenue.<ref name="MDMMar12">{{cite news |title='NYT' Pay Wall Could Bring $100M Annually |url=http://www.mediapost.com/publications/article/169998/nyt-pay-wall-could-bring-100m-annually.html |access-date=March 13, 2012 |newspaper=Media Daily News |date=March 12, 2012 |author=Sass, Erik}}</ref>

In 2013, the New York Times Company sold ''[[The Boston Globe]]'' and other New England media properties to [[John W. Henry]], the principal owner of the [[Boston Red Sox]]. According to the Times Company, the move was made in order to focus more on its core brands.<ref name="boston-globe-sold">{{cite news |last=Christine |first=Haughney |title=New York Times Company Sells Boston Globe |url=https://www.nytimes.com/2013/08/04/business/media/new-york-times-company-sells-boston-globe.html?pagewanted=1&ref=sports |access-date=4 August 2013 |newspaper=The New York Times |date=August 3, 2013}}</ref><ref>{{cite news |url=https://www.wsj.com/articles/SB10001424127887323681904578645272723305476 |title=Red Sox Principal Owner to Buy Boston Globe Newspaper |work=The Wall Street Journal |date=August 3, 2013 |access-date=August 5, 2013}}</ref>

After forming an editorial partnership with the New York Times in 2015,<ref>{{cite web |url=https://medium.com/the-business-of-content/inside-the-new-york-timess-post-acquisition-strategy-for-wirecutter-f6123b5f285f |title=Inside The New York Times's post-acquisition strategy for Wirecutter |author=Owens, Simon |date=March 21, 2018 |website=Medium |access-date=20 December 2021}}</ref> The Wirecutter was acquired by the Times in October 2016 for a reported $30 million. In March 2020, the New York Times Company acquired subscription-based audio app, Audm.<ref>{{cite web |url=https://techcrunch.com/2020/03/23/the-new-york-times-company-acquires-audm-an-app-that-turns-longform-journalism-into-audio/ |title=The New York Times Company acquires Audm, an app that turns longform journalism into audio |website=TechCrunch |date=23 March 2020 |language=en-US |access-date=2020-04-17}}</ref> In July 2020, the New York Times Company acquired podcast production company [[Serial (podcast)|Serial Productions]].<ref>{{cite web |date=2020-07-22 |title=The New York Times Company Acquires Serial Productions and Forms a Strategic Alliance with "This American Life" |url=https://www.businesswire.com/news/home/20200722005975/en/New-York-Times-Company-Acquires-Serial-Productions |access-date=2020-07-23 |website=www.businesswire.com |language=en}}</ref> The same month, the company appointed [[chief operating officer]] [[Meredith Kopit Levien]] to the position of CEO.<ref>{{cite news |title=NYT promotes Kopit Levien to CEO role |url=https://financialpost.com/pmn/business-pmn/nyt-promotes-kopit-levien-to-ceo-role |access-date=9 September 2020 |work=Financial Post |agency=Reuters |date=22 July 2020 |language=en-CA}}</ref> In February 2022, the New York Times Company bought ''[[The Athletic]]'', a subscription-based sports news website, for $550&nbsp;million.<ref>{{cite web |last=Tracy |first=Marc |date=2 February 2022 |title=The Times hits its goal of 10 million subscriptions with the addition of The Athletic.|url=https://www.nytimes.com/2022/02/02/business/media/nyt-earnings-q4-2021.html |work=The New York Times |url-access=limited |archive-url=https://archive.today/20220719212517/https://www.nytimes.com/2022/02/02/business/media/nyt-earnings-q4-2021.html |archive-date=19 July 2022 |url-status=live}}</ref> Its founders, Alex Mather and Adam Hansmann, stayed with the publication, which is run separately from the ''Times''.<ref>{{Cite web|title=The New York Times Company to Acquire The Athletic|url=https://investors.nytco.com/news-and-events/press-releases/news-details/2022/The-New-York-Times-Company-to-Acquire-The-Athletic/default.aspx|access-date=2022-01-07|website=investors.nytco.com|language=en-US}}</ref> 

Later that month, the Times acquired [[Wordle]], an Internet word puzzle game that grew from 90 players in October 2021 to millions at the time of purchase.<ref>{{cite news |title=NYT promotes Kopit Levien to CEO role |url=https://www.nytimes.com/2022/01/31/business/media/new-york-times-wordle.html |access-date=2 February 2022 |work=The New York Times |date=31 January 2022 |language=en-US}}</ref> [[ValueAct Capital]] took a stake in the company in August 2022.<ref name="bloomberg_0822">{{cite news |last1=Deveau |first1=Scott |date=2022-08-11 |title=New York Times Is Targeted by Activist Investor Pushing for Subscriber-Only Bundles |language=en |work=[[Bloomberg LP|Bloomberg]] |url=https://www.bloomberg.com/news/articles/2022-08-11/activist-investor-valueact-takes-7-stake-in-new-york-times?srnd=premium&sref=CIpmV6x8 |url-status=live |access-date=2022-08-11 |archive-url=https://archive.today/20220811175631/https://www.bloomberg.com/news/articles/2022-08-11/activist-investor-valueact-takes-7-stake-in-new-york-times |archive-date=2022-08-11}}</ref> ValueAct aims to encourage the company to more actively pursue the sale of "bundled" subscriptions to its various offerings.<ref name="bloomberg_0822" />

=== Radio stations ===
[[File:WQXR CD promotion ad (1986).png|thumb|An advertisement of WQXR-FM-AM, formerly known as "The Stereo Stations of ''The New York Times''" (1986)]]
The paper bought AM radio station [[WFME (AM)|WQXR]] (1560{{nbsp}}kHz) in 1944.<ref>{{cite web |url=http://www.nytco.com/company/milestones/timeline_1941.html |title=New York Times Timeline 1941–1970 |publisher=The New York Times Company |archive-url=https://web.archive.org/web/20080907235742/http://www.nytco.com/company/milestones/timeline_1941.html |archive-date=September 7, 2008 |url-status=dead |access-date=September 16, 2008}}</ref> Its "sister" FM station, WQXQ, became WQXR-FM (96.3{{nbsp}}MHz). Branded as "The Stereo Stations of ''The New York Times''", its [[classical music]] [[radio format]] was simulcast on both the AM & FM frequencies until December 1992, when the big-band and pop standards music format of station WNEW (1130{{nbsp}}kHz – now [[WBBR]]/"Bloomberg Radio") was transferred to and adopted by WQXR; in recognition of the format change, WQXR changed its call letters to [[WFME (AM)|WQEW]] (a "hybrid" combination of "'''WQ'''XR" and "WN'''EW'''").<ref>{{cite news |url=https://www.nytimes.com/1992/10/21/news/wqxr-am-to-change-its-format-to-popular-music-from-classical.html |title=WQXR-AM to Change Its Format, to Popular Music From Classical |author=Kozinn, Allan |date=October 21, 1992 |work=The New York Times |access-date=September 16, 2008}}</ref> By 1999, ''The New York Times'' was leasing WQEW to [[Citadel Media|ABC Radio]] for its "[[Radio Disney]]" format.<ref name="wqew">{{cite news |url=https://www.nytimes.com/1998/12/02/nyregion/wqew-am-all-kids-all-the-time.html |title=WQEW-AM: All Kids, All the Time |author=Blumenthal, Ralph |date=December 2, 1998 |work=The New York Times |access-date=September 16, 2008}}</ref> In 2007, WQEW was finally purchased by [[Disney]]; in late 2014, it was sold to Family Radio (a religious radio network) and became [[WFME (AM)|WFME]].<ref>[http://radioinsight.com/blog/headlines/90956/family-radio-acquires-wqew-new-york/ Family Radio Returns To New York – RadioInsight] {{webarchive|url=https://web.archive.org/web/20150221143553/http://radioinsight.com/blog/headlines/90956/family-radio-acquires-wqew-new-york/|date=February 21, 2015}} November 21, 2014</ref> In 2009, WQXR-FM was sold to the [[WNYC]] radio group and, on October 8, moved from 96.3 to 105.9{{nbsp}}MHz (swapping frequencies with Spanish-language station [[WXNY-FM]], which wanted the more powerful transmitter to increase its coverage) and began operating it as a noncommercial, public radio station.<ref>{{cite news |url=https://www.bloomberg.com/apps/news?pid=20601103&sid=ao4vtybp2N50 |title=New York Times to Get $45 Million for Radio Station |last=Bensinger |first=Greg |date=July 14, 2009 |access-date=July 18, 2009 |archive-url=https://web.archive.org/web/20120216063543/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao4vtybp2N50 |archive-date=February 16, 2012 |url-status=dead |publisher=[[Bloomberg News]]}}</ref>