sulzberger family companies

Counsel & Corp. Sec. Both the Sulzberger and Graham families, which own controlling interests in their companies, have safeguarded quality journalism with the dynastic succession. What have I observed and learned in the quarter century since? Theyre not MAGA. 15 million digital subscribers is a wildly ambitious target, which the paper might achieve if Donald Trump becomes president again. His length of term was indeterminate, and the grounds and method of his removal were ambiguous. Murdochs pursuit and acquisition of the Bancroft-owned Wall Street Journal in 2007 will almost certainly influence some of Succession this season. [7], Sulzberger began writing for the New York Times as a metro reporter in February 2009,[8] which published his first article on March2. He and his wife, Gail Gregg, were married by a Presbyterian minister. 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? And Arthur Sulzberger Jr. owns 1.8% of Class A stocks and 92.2% of Class B stocks. Unmasking the unethical business practices of the fashion brand, Is Telekinesis real? Incorrect password. (photo credit: book cover), This March 2, 1973 file photo shows New York Times publisher Arthur Ochs Sulzberger in his office in New York. The Sulzberger family has . 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 . The Sulzberger family name was found in the USA, the UK, and Scotland between 1880 and 1920. 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. During the annual shareholders' meeting in April 2006, some investors including Morgan Stanley Investment Management (MSIM), who holds 28% of the company's stock altogether . blog. But they are deeply devoted to this place, and the three of us are committed to continuing to work as a team.. The paper sold for a penny. The New York Timesis based in New York but read worldwide; its ranked 18th by circulation. 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. In 1891 there were 5 Sulzberger families living in London. It was a long, slow climb to success. He committed to holding the Times "to the highest standards of independence, rigor, and fairness".[31]. [1], He attended Ethical Culture Fieldston School and Brown University, graduating in 2003 with a major in political science. And if you dont be a little more careful, I may nuke you!. A couple of years later, she became the chief operating officer, placing her in the prime position to succeed then-CEO Mark Thompson. 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. Ochs initiated the family's ownership of the Times after he bought the paper in 1893. 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. in Mexico. Before A.G. became chairperson, he faced competition for the role of deputy publisher from his cousins Sam Dolnick and David Perch. Young Iphigene was certainly bright enough and even tried to disguise herself to get a job on the newspaper, but she was deemed ineligible to inherit the newspaper because of her gender. [8], Sulzberger remained chairman of Times board until December 31, 2020, when he passed that position to his son as well.[9]. 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. In September 1857, the paper becameThe New-York Times(the hyphen dropped in 1896). Husband and wife, they somehow share a chair in journalism at Duke University, in Durham, North Carolina, while living in New York City. [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. But here is why the Sulzbergers and their ilk also make perfect fodder for Succession season twos rival clan. The Jewish issue, which the family is quite conscious of but reticent about discussing, also gets its due in The Trust. But when it comes to the antics of their personal lives, the Sulzbergers play their cards impossibly close to the vest. 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. But in the early decades of the twentieth century, the Times was struggling. If they werent members of the Ochs/Sulzberger family, our competitors would be bombarding them with job offers, he said. (Shes also committed to maintaining the historical flexes his editorial muscle on his Facebook page: Alex Thinks Sarah A fifth-generation descendant of Ochs-Sulzberger, Arthur Gregg (A.G.) Sulzberger, its CEO is soft-spoken and measured. Sulzberger also improved the paper's bottom line, pulling it and its parent company out of a tailspin in the mid-1970s and lifting both to unprecedented profitability a decade later. teachers, and even a fashion stylist. In the terminology of the newsroom, they fail to "back up the lead.". But that question of nondemocratic succession in ostensibly democratic America is exactly the subject Armstrong and his writers are eager to dig into. Arthur Ochs Sulzberger, who died in 2012, identified as nominally Jewish, although not at all religious. He was much more comfortable with his Judaism than his father, wrote former Times religion reporter Ari Goldman. [15][16][17] He was the lead author of the 97-page report,[11][15] which documented in "clinical detail" how the Times was losing ground to "nimbler competitors" and "called for revolutionary changes". In a smooth, well-paced narrative, they give a detailed account, including the family's many marital affairs, divorces, and jealousies. Journalistically, the family's greatest sin occurred during the Holocaust, when the Times went so far to avoid pleading on behalf of Europe's Jewish population that in one of its wartime stories, it reported that Hitler had killed nearly 400,000 "Europeans," but did not use the word "Jew" until the seventh paragraph. 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. According to a 2008 report in New York magazine, that training begins at a very young age: [The] clan starts going to family meetings when theyre 10 years old and by 15 they understand their roles as caretakers of the New York Times. [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". [7] On December 14, 2017, he announced he would be ceding the post of publisher to his son, A. G. Sulzberger, effective January 1, 2018. Still, stories related to Jewish topics were carefully edited, said Goldman, who worked at the Times from 1973-1993. Those stories got a little more editorial attention, and Im not saying they were leaning one way or another, but the paper was conscious that it had this reputation and had this background and wanted to make sure that the stories were told fairly and wouldnt lead to charges of favoritism or of bending over backwards, he told JTA on Monday. He was raised in his mother's Episcopalian faith; however, he no longer observes any religion.[5]. 2023 Cond Nast. By registering you agree to the terms and conditions. In a 2001 article for The Times, former Executive Editor Max Frankel wrote that the paper, like many other media outlets at the time, fell in line with US government policy that downplayed the plight of Jewish victims and refugees, but that the views of the publisher also played a significant role. A year later, Sulzberger was named deputy publisher, overseeing the news and business departments. sister, is a successful fiction writer living in a brownstone secured Ferdinand Sulzberger in MyHeritage family trees (N Web Site) view all 25 Immediate Family Rose Sulzberger wife Max Judah Sulzberger son Lily Marx daughter Arthur T Sulzberger son Matilda Weinberg daughter Germon Frederick Sulzberger son Nathan Sulzberger son Belle Schrag daughter Simon Sulzberger son Stella Lee Ullman wife Ferdinand B Sulzberger Schedule a free consultation at our Bay Harbor Islands office by calling (305) 865-8631 or by contacting us online. ger ( slz'brg-r ), Marion B., U.S. dermatologist, 1895-1983. its publicly known that he likes Star Trek. But the authors are not inclined to criticize the paper on other matters, such as its failure to report on some of the early scandals of the Reagan era or its obsessive focus on Clinton's Whitewater affair. Golden, is an economist seeking a Ph.D. at the University of Chicago. My name became public 25 years ago this week. [2][29], On December 14, 2017, it was announced that Sulzberger would take over as publisher on January 1, 2018. Dolnicks mother, Lynn Golden, is the great-great-granddaughter of Julius and Bertha Ochs, the parents of Adolph S. Ochs, and was married in a Chattanooga, Tennessee, synagogue named in their memory. But as Beyer would soon realize, Finchs past wasnt what she claimedand Beyers own difficult history was up for the taking. A.G. praised Arthurs impact extensively after he announced his retirement:Our success today is directly attributable to his singular focus on the long term, his embrace of innovation and his sustained investment in quality, original journalism.. Does it make sense for the newspaper to entrust its fate to 13 unaccountable millionaires who acquired their money and influence through birth? 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. The Sulzberger family derived its name from the town of Sulzberg, near Ratisbon, in Bavaria. [2], Sulzberger's mother was of mostly English and Scottish origin and his father was of German Jewish origin (both Ashkenazic and Sephardic). It can be intimidating company. Copyright 2023 | The American Prospect, Inc. | All Rights Reserved, The Alt-Labor Chronicles: Americas Worker Centers, The Trust: The Private and Powerful Family Behind The New York Times. In his 2009 piece on Sulzberger Jr. titled The Inheritance, Vanity Fair contributor Mark Bowden described the then-leader of the New York Times and heirs like him thusly: Even in middle age he seems costumed, a pretender draped in oversize clothes, a boy who has raided his fathers closet. Sounds a lot like Kendall Roy, too, if you ask me. At the center is the legal trust that governs how the family manages its ownership. Divorced: 1965. (Kimberly White/Getty Images for New York Times/via JTA), Adolph Ochs (photo credit: Wikimedia Commons), Memoir of former executive editor of The New York Times, Max Frankel. 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. Even the Bancroft familywhich sold the Wall Street Journal off to Rupert Murdoch in 2007was known to consist of some restless socialites and horse enthusiasts whose hobbies required access to substantial funds, as New York magazine put it in 2008. Arthur Gregg Sulzberger, son of the current publisher, helped put together the internal Innovation Report, which outlined the challenges facing the paper. Sulzberger introduced Gonzalez to colleagues at the paper and to members of the Ochs-Sulzberger family, which controls the New York Times Company. But in this era of dwindling journalistic revenue, the major old media families like the Grahams (of Washington Post/The Post fame), the Bancrofts (the Wall Street Journal), the Chandlers (the Los Angeles Times), and the Taylors (the Boston Globe) have all left the business, leaving only the Sulzbergers holding on. Sometimes that focus sheds light on how decisions are really made at the top. People expected the paper to go bankrupt, but Mexican billionaire Carlos Slim Helu stepped in before that happened. The succession issue supplies the book with an air of suspense that lasts right up to the final chapter. Because of the responsibility the Sulzberger family feels to maintain journalism's highest standards, the head of the Times is not even free to make as much money as possible. - Age . Victoria Dryfoos, daughter of For a brief moment, it looked like the Sulzberger name would depart the papers helm. Diane Baker, a former chief financial officer of the New York Times Company, described him as having the personality of a 24-year-old geek, and (gasp!)

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