Editing The New York Times Company

{{Short description|American mass media company}}
{{Use mdy dates|date=January 2024}}{{Use American English|date=January 2024}}
{{Infobox company
| logo = [[File:The New York Times Company Logo.svg|frameless|class=skin-invert]]
| image = [[File:New York Times Building - Bottom Portion (48193462432).jpg|New York Times Building - Bottom Portion (48193462432)|250px]]
| image_size = 250px
| image_caption = [[The New York Times Building]], headquarters of the company
| type = [[Public company|Public]]
| traded_as = {{ubl|{{nyse|NYT}} (Class A)|[[S&P 400]] component}}
| industry = [[Newspaper]]s
| founders = {{ubl|[[Henry Jarvis Raymond]]|[[George Jones (publisher)|George Jones]]}}
| area_served = Worldwide
| key_people = {{ubl|[[A. G. Sulzberger]] ([[chairman]])|[[Meredith Kopit Levien]] ([[President (corporate title)|president]] and [[Chief executive officer|CEO]])}}
| products = {{ubl|''[[The New York Times]]''|''[[The New York Times International Edition]]''|[[List of assets owned by the New York Times Company|Other media properties]]}}
| revenue = {{increase}} {{US$|2.59&nbsp;billion|link=yes}}
| revenue_year = 2024
| operating_income = {{increase}} {{US$|351&nbsp;million}}
| income_year = 2024
| net_income = {{increase}} {{US$|294&nbsp;million}}
| net_income_year = 2024
| assets = {{increase}} {{US$|2.84&nbsp;billion}}
| assets_year = 2024
| equity = {{increase}} {{US$|1.93&nbsp;billion}}
| equity_year = 2024
| num_employees = {{circa|5,900}}
| num_employees_year = 2024
| founded = {{Start date and age|1851|9|18}}
| hq_location = [[The New York Times Building]]
| hq_location_city = [[New York City]]
| hq_location_country = United States
| website = {{URL|nytco.com}}
| footnotes = <ref name=AR>{{cite report |title=The New York Times Company 2024 Annual Report (Form 10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/71691/000007169125000047/nyt-20241231.htm |website=SEC.gov |publisher=[[U.S. Securities and Exchange Commission]] |date=February 27, 2025}}</ref><ref>{{cite web |url=https://www.nytimes.com/2009/01/20/business/media/20times.html |title=Mexican Billionaire Invests in Times Company |date=January 20, 2009 |work=The New York Times}}</ref><ref>{{cite web |url=http://fortune.com/2016/10/19/sulzberger-nyt/ |title=The Sulzberger Dynasty Tightens Its Grip on the New York Times |work=[[Fortune (magazine)|Fortune]] |date=October 19, 2016 |archive-url=https://web.archive.org/web/20161120005823/http://fortune.com/2016/10/19/sulzberger-nyt/ |archive-date=2016-11-20 |url-status=dead |access-date=2016-11-19 }}</ref><ref>{{cite web |url=https://www.forbes.com/sites/katevinton/2016/06/01/these-15-billionaires-own-americas-news-media-companies/ |title=These 15 Billionaires Own America's News Media Companies |first=Kate |last=Vinton |work=[[Forbes]] |date=June 1, 2016}}</ref>
}}
'''The New York Times Company''' is an American mass media corporation that publishes ''[[The New York Times]]'' and its associated publications such as [[The New York Times International Edition|''The New York Times International Edition'']] and other media properties. The New York Times Company's headquarters are in [[The New York Times Building]], a skyscraper in [[Manhattan]], New York City.<ref>{{cite web |url=http://www.nytco.com/contact_us/index.html |title=Contact Us |publisher=The New York Times Company |access-date=August 28, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20090506014452/http://www.nytco.com/contact_us/index.html |archive-date=May 6, 2009 |df=mdy-all}}</ref>

== 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>

== Holdings ==
{{main|List of assets owned by the New York Times Company}}

Alongside its namesake newspaper, the company owns ''[[The New York Times International Edition]]'' and related digital properties including NYTimes.com, as well as various brand-related properties.<ref name="business">{{cite web |url=http://www.nytco.com/company/business_units/index.html |title=Business Units |access-date=August 29, 2008 |publisher=The New York Times Company |url-status=dead |archive-url=https://web.archive.org/web/20080830001639/http://www.nytco.com/company/business_units/index.html |archive-date=August 30, 2008 |df=mdy-all}}</ref>

== Business trends ==
The company experienced a sharp decline in sales at the beginning of the 21st century. From 2011 onwards, sales stabilized and even began to grow again after a few years.<ref>{{Cite web |title=Annual Reports |url=https://www.nytco.com/investors/annual-reports/ |access-date=2025-05-12 |website=The New York Times Company |language=en-US}}</ref> In May 2025, the company had a market capitalization of US$8.9 billion.<ref>[https://finance.yahoo.com/quote/NYT/ The New York Times Company (NYT)]</ref>
{| class="wikitable float-left" style="text-align:right;"
!Year
!Revenue<br />in million USD
!Net income<br />in million USD
!Employees
|-
|2000
|3,489
|398
|14,000
|-
|2005
|3,231
|253
|11,965
|-
|2006
|3,290
|<nowiki>-543</nowiki>
|11,585
|-
|2007
|3,185
|209
|10,231
|-
|2008
|2,940
| -58
|9,346
|-
|2009
|2,440
|20
|7,665
|-
|2010
|1,981
|108
|7,414
|-
|2011
|1,555
| -38
|7,273
|-
|2012
|1,595
|136
|5,363
|-
|2013
|1,577
|65
|3,529
|-
|2014
|1,589
|33
|3,588
|-
|2015
|1,579
|63
|3,560
|-
|2016
|1,555
|29
|3,710
|-
|2017
|1,676
|4
|3,790
|-
|2018
|1,749
|126
|4,320
|-
|2019
|1,812
|140
|4,500
|-
|2020
|1,784
|100
|4,700
|-
|2021
|2,074
|220
|5,000
|-
|2022
|2,308
|174
|5,800
|-
|2023
|2,426
|232
|5,900
|-
|2024
|2,586
|294
|5,900
|}

== Ownership and leadership ==
Since September 25, 1997, the company has been listed on the [[New York Stock Exchange]] under the symbol NYT. From April 27, 1967, until January 13, 1969, the company's Class A common stock traded over the counter. From January 14, 1969, until September 24, 1997, the shares were traded on the [[American Stock Exchange]].<ref>{{Cite web|url=https://www.nytco.com/investors/faqs/|title=FAQs|website=The New York Times Company}}</ref> Of the two categories of stock, [[Share (finance)|Class A]] and Class B, the former is publicly traded and the latter is held privately—largely (over 90% through The 1997 Trust) by the descendants of [[Adolph Ochs]], who purchased ''The New York Times'' newspaper in 1896.<ref>{{cite web|url=https://www.sec.gov/Archives/edgar/data/71691/000121465918000364/g19180sc13da11.htm|title=SCHEDULE 13D/A (Amendment No. 11)|date=January 1, 2018 |publisher=Securities and Exchange Commission |access-date=June 5, 2021}}</ref>

=== 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{{nbsp}}million from Mexican billionaire [[Carlos Slim]], "to help the newspaper company finance its businesses".<ref>{{cite news |url=https://www.nytimes.com/2009/01/20/business/media/20times.html |title=Mexican Billionaire Invests in Times Company |last=Dash |first=Eric |date=January 19, 2009 |work=The New York Times |access-date=July 1, 2012}}</ref> The New York Times Company later repaid that loan ahead of schedule.<ref name="NYTx22">{{cite news |url=https://www.bloomberg.com/news/2015-01-14/carlos-slim-doubles-new-york-times-stake-by-exercising-options.html |title=Billionaire Carlos Slim Doubles Holdings in New York Times |last1=Laya |first1=Patricia |date=January 14, 2015 |access-date=June 20, 2015 |publisher=[[Bloomberg News]] |last2=Smith |first2=Gerry}}</ref> 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.<ref name="NYTx22" /> 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,<ref>{{cite news |url=https://www.reuters.com/article/newyorktimes-idUSN1E7951NY20111006 |title=Carlos Slim increases stake in NY Times |last=Saba |first=Jennifer |date=October 6, 2011 |access-date=July 1, 2012 |work=Reuters}}"</ref> and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9{{nbsp}}million Class A shares, making him the largest shareholder.<ref name="NYTx22" /><ref>{{cite news |url=https://www.reuters.com/article/us-new-york-times-warrants-carlos-slim-idUSKBN0KN2M820150114 |title=Carlos Slim becomes top New York Times shareholder |date=January 14, 2017 |newspaper=Reuters}}</ref> As of March 7, 2016, Slim owned 17.4% of the company's Class A shares, according to annual filings submitted by the company.<ref name="NYT2016proxystatement2">{{cite web |url=http://s1.q4cdn.com/156149269/files/doc_financials/proxy/2016/Bookmarked-2016-Proxy-Statement.pdf |title=The New York Times Company Notice of 2016 Annual Meeting and Proxy Statement |date=March 22, 2016 |publisher=The New York Times Company |access-date=October 28, 2016}}</ref><ref>{{cite web |url=https://www.sec.gov/Archives/edgar/data/71691/000007169116000023/a2015form10-k.htm |title=Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, for The New York Times Company (Form 10-K) |date=February 24, 2016 |publisher=Securities and Exchange Commission |access-date=October 28, 2016}}, See Item 12, which states, "The information required by this item is incorporated by reference to the sections titled "Principal Holders of Common Stock", "Security Ownership of Management and Directors" and "The 1997 Trust" of our Proxy Statement for the 2016 Annual Meeting of Stockholders.</ref> While Slim is the largest shareholder in the company, his investment only allows him to vote for Class A directors, a third of the company's board.<ref name="NYTx22" />

===Board of directors===
{{As of|2024|06|post=:}}<ref>{{cite web |title=Board of Directors |url=https://www.nytco.com/board-of-directors/ |website=NYTCo|access-date=June 24, 2024 }}</ref>
* [[A. G. Sulzberger]], chairman of The New York Times Company and publisher of The New York Times 
* Amanpal S. Bhutani, [[Chief executive officer|CEO]] of [[GoDaddy]]
* Manuel Bronstein, [[Chief product officer|CPO]] of [[Roblox Corporation|Roblox]]
* [[Beth Brooke-Marciniak|Beth Brooke]], former global vice chair of public policy for [[Ernst & Young]]
* Rachel Glaser, [[Chief financial officer|CFO]] of [[Etsy]]
* [[Arthur Golden]], best-selling author
* [[Meredith Kopit Levien]], president and [[Chief executive officer|CEO]] of The New York Times Company
* [[Brian P. McAndrews]], former president, [[Chief executive officer|CEO]], and chairman of [[Pandora Media]]
* David Perpich, publisher of [[The Athletic]] and [[Wirecutter (website)|Wirecutter]]
* [[John W. Rogers Jr.]], founder and chairman of [[Ariel Investments]]
* Anuradha B. Subramanian, [[Chief financial officer|CFO]] of [[Bumble]]
* Margot Golden Tishler, chair of the Ochs-Sulzberger Trust
* Rebecca Van Dyck, former [[Chief operating officer|COO]] for Reality Labs at Meta Platforms

== Community awards ==
[[File:Linda Allen and Gigi Lincoln talk to Janet Robinson.jpg|thumb|2008 ''I Love My Librarian'' award recipients Linda Allen and Margaret "Gigi" Lincoln talk with [[Janet L. Robinson|Janet Robinson]] in [[The New York Times Building]].]]

The company sponsors a series of national and local awards designed to highlight the achievements of individuals and organizations in different realms.

In 2007, it inaugurated its first Nonprofit Excellence Award, awarded to four organizations "for the excellence of their management practices". Only [[Nonprofit organization|nonprofits]] in New York City, [[Long Island]], or [[Westchester County, New York|Westchester]] were eligible.<ref>{{cite press release |url=http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20070628006103&newsLang=en |title=The New York Times Company Announces Four Winners of Its First Nonprofit Excellence Awards |publisher=The New York Times Company |date=June 28, 2007 |access-date=December 10, 2008}}</ref>

Jointly with the [[Carnegie Corporation of New York]] and the [[American Library Association]], the New York Times Company sponsors an award to honor librarians "for service to their communities". The ''I Love My Librarian!'' award was given to ten recipients in December 2008, and presented by the New York Times Company president and CEO [[Janet L. Robinson]], Carnegie Corporation president [[Vartan Gregorian]], and Jim Rettig, president of the [[American Library Association]]. The award has been given to ten exceptional librarians annually since that date.<ref>{{cite press release |publisher=American Library Association |url=http://www.ala.org/ala/newspresscenter/news/pressreleases2008/december2008/ilovemylibrarian.cfm |title=Carnegie Corporation of New York/New York Times I Love My Librarian Award winners announced |date=December 8, 2008 |access-date=February 3, 2009 |archive-date=February 20, 2011 |archive-url=https://web.archive.org/web/20110220131249/http://www.ala.org/ala/newspresscenter/news/pressreleases2008/december2008/ilovemylibrarian.cfm |url-status=dead }}</ref>

In May 2009, the company launched The New York Times Outstanding Playwright Award to honor an American playwright who had recently had his or her professional debut in New York.<ref>{{cite news |url=https://artsbeat.blogs.nytimes.com/2011/06/21/timess-outstanding-playwright-award-goes-to-kristoffer-diaz/?_r=0 |title=Times's Outstanding Playwright Award Goes to Kristoffer Diaz |last=Healy |first=Patrick |newspaper=ArtsBeat |date=June 21, 2011 |access-date=2017-02-12 |language=en}}</ref> The first winner was [[Tarell Alvin McCraney]] for his play "The Brothers Size".<ref>{{cite news |url=http://www.miaminewtimes.com/arts/tarell-alvin-mccraney-brings-his-award-winning-the-brothers-size-home-to-miami-6498531 |title=Tarell Alvin McCraney Brings His Award-Winning The Brothers Size Home to Miami |last=Joseph |first=Chris |date=2011-08-31 |newspaper=[[Miami New Times]]|access-date=2017-02-12}}</ref> In 2010, Dan LeFranc won for his play "Sixty Miles to Silver Lake".<ref>{{cite web |url=http://investors.nytco.com/press/press-releases/press-release-details/2010/Dan-LeFranc-Wins-the-2010-New-York-Times-Outstanding-Playwright-Award-For-Sixty-Miles-to-Silver-Lake/default.aspx |title=The New York Times Company – Dan LeFranc Wins the 2010 New York Times Outstanding Playwright Award For "Sixty Miles to Silver Lake" |website=investors.nytco.com |language=en-CA |access-date=2017-02-12}}</ref>

==See also==
{{Portal|Companies|Journalism|New York City}}
* [[List of companies based in New York City]]
{{clear}}

==References==
{{reflist}}

==External links==
{{Commons}}
* {{Official website|www.nytco.com}}
* [https://web.archive.org/web/20131015083707/http://international.nytimes.com/ ''International New York Times'']
* [http://archives.nypl.org/mss/17802 The New York Times Company records (1836–2000)] – The New York Public Library
* [http://newyorktimesbuilding.com/ New Yimes Times building] {{Webarchive|url=https://web.archive.org/web/20100209194103/http://newyorktimesbuilding.com/ |date=February 9, 2010 }}
{{Finance links
| name      = The New York Times Company
| google    = NYT
| yahoo     = NYT
| bloomberg = NYT:US
| symbol    = NYT
| sec_cik   = 71691
}}

{{The New York Times Company}}
{{NY Times}}
{{S&P 400 companies}}
{{Authority control}}

{{DEFAULTSORT:New York Times Company, The}}
[[Category:The New York Times|*]]
[[Category:1851 establishments in New York (state)]]
[[Category:Publishing companies established in 1851]]
[[Category:1960s initial public offerings]]
[[Category:Companies based in Manhattan]]
[[Category:Mass media companies based in New York City]]
[[Category:Newspaper companies of the United States]]
[[Category:Magazine publishing companies of the United States]]
[[Category:Publishing companies based in New York City]]
[[Category:Publicly traded companies based in New York City]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies in the S&P 400]]