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The New York Times Company

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Original synthesis to sit alongside the encyclopedia article below. Not part of Wikipedia; verify facts on Wikipedia when precision matters.

The New York Times Company is a New York-based global media group, with core businesses including the flagship *The New York Times* newspaper and digital news platforms. It also operates multiple specialized content lines such as sports media platform The Athletic, NYT Cooking, puzzle game products, product review site Wirecutter, and businesses like audio services, commercial printing and brand licensing. As of 2025, it employs around 6,000 people and is listed on the New York Stock Exchange under the ticker symbol NYT.

Key moments

  • 1851-09-18Founded as The New York Daily Times by Henry Jarvis Raymond and George Jones
  • 1896-08-26Acquired by Adolph S. Ochs, who introduced the paper's iconic slogan 'All The News That's Fit To Print'
  • 1964The New York Times Co. v. Sullivan landmark Supreme Court case established libel standards for public figures, a key win for press freedom
  • 1971Published the Pentagon Papers, sparking major national debate over government press restrictions
  • 1997-09-25Officially listed on the New York Stock Exchange
  • 2022Acquired sports media platform The Athletic to expand niche coverage
  • 2025Reached nearly 11 million digital subscribers, with subscription revenue making up over 69% of total annual revenue

Competitive Landscape for The New York Times Company

The company operates across multiple media segments and faces competition from a range of peers:

  1. Premium National News Outlets: Direct competitors include The Wall Street Journal (owned by News Corp) and The Washington Post, both offering high-quality investigative and national news with paid subscription models.
  2. Global News Networks: Broadcast and digital news platforms such as CNN, BBC News and Reuters provide 24/7 cross-platform coverage that competes for global audience share.
  3. Niche Content Platforms: Vertical media outlets like ESPN (sports coverage), Consumer Reports (product reviews) and food-focused publications rival NYT's specialized content lines including The Athletic and Wirecutter.
  4. Independent Subscription News: Emerging platforms such as Substack's news section and independent investigative news sites offer alternative paid news options to readers.
  • Direct premium news competitors include The Wall Street Journal and The Washington Post, both with paid subscription models for national and international news
  • Global broadcast and digital news networks like CNN, BBC News and Reuters compete for cross-platform news audiences
  • Niche media outlets including ESPN and Consumer Reports rival NYT's specialized content offerings
  • Independent subscription news platforms such as Substack provide alternative paid news options to readers

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 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.[5]

History

The company was founded by Henry Jarvis Raymond and 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."[6]

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.[7] In 1996, it expanded upon its broadcasting by purchasing Palmer Communications, owners of WHO-DT in Des Moines and KFOR in Oklahoma City.[8]

In April 2002, The New York Times Company and 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 50 percent interest in the International Herald Tribune (IHT) for US$65 million on January 1, 2003, becoming the sole owner.[9]

On March 18, 2005, the company acquired About.com, an online provider of consumer information, for US$410 million.[10] In 2005, the company reported revenues of US$3.4 billion to its investors.[11] 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.[12]

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".[13] 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.[14][15] The company announced that it had finalized the sale of its Broadcast Media Group on May 7, 2007, for "approximately $575 million".[15]

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.[16]

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.[17] In March 2009, the Times sold its ownership of the nineteen stories that it occupied in the New York Times Building to W. P. Carey for $225 million.[18] In exchange, the Times leased back its floors for $24 million per year for 10 years.[19][20] At the end of the contract, The Times repurchased the building's leasehold from W. P. Carey in late 2019 for $245 million.[21][22]

On July 14, 2009, the company announced that 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 WCAA moving to the 96.3 FM frequency from 105.9 FM, ended the Times' 65-year-long ownership of the station.[23]

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 were not part of the sale.[24] In 2011, the Times sold Baseline StudioSystems back to its original owners, Laurie S. Silvers and Mitchell Rubenstein, majority shareholders of Project Hollywood LLC.[12]

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.[25]

In September 2012, the company sold About.com to IAC Inc. for $300 million.[26] 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.[27][28]

After forming an editorial partnership with the New York Times in 2015,[29] The Wirecutter, a product review website, 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.[30] In July 2020, the New York Times Company acquired podcast production company Serial Productions.[31] The same month, the company appointed chief operating officer Meredith Kopit Levien to the position of CEO.[32]

In January 2022, the Times acquired Wordle, an Internet word puzzle game that grew from 90 players in October 2021 to millions at the time of purchase. The Times paid a price "in the low seven figures," according to its creator, Josh Wardle.[33] In February 2022, the New York Times Company bought The Athletic, a subscription-based sports news website, for $550 million.[34] Its founders, Alex Mather and Adam Hansmann, stayed with the publication, which is run separately from the Times.[35]

ValueAct Capital took a stake in the company in August 2022.[36] ValueAct aims to encourage the company to more actively pursue the sale of "bundled" subscriptions to its various offerings.[36] In February 2026, Berkshire Hathaway disclosed that it added about 5.07 million shares of New York Times stock to its portfolio, worth about $351 million as of the end of 2025.[37][38]

Radio stations

The paper bought AM radio station WQXR (1560kHz) in 1944.[39] Its "sister" FM station, WQXQ, became WQXR-FM (96.3MHz). 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 (1130kHz – now WBBR/"Bloomberg Radio") was transferred to and adopted by WQXR; in recognition of the format change, WQXR changed its call letters to WQEW (a "hybrid" combination of "WQXR" and "WNEW").[40] By 1999, The New York Times was leasing WQEW to ABC Radio for its "Radio Disney" format.[41] In 2007, WQEW was finally purchased by Disney; in late 2014, it was sold to Family Radio (a religious radio network) and became WFME.[42] In 2009, WQXR-FM was sold to the WNYC radio group and, on October 8, moved from 96.3 to 105.9MHz (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.[43]

Holdings

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.[44]

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.[45] In March 2026, the company had a market capitalization of US$13.3 billion.[46]

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.[48] Of the two categories of stock, 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.[49]

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 $250million from Mexican billionaire Carlos Slim, "to help the newspaper company finance its businesses".[50] The New York Times Company later repaid that loan ahead of schedule.[51] Slim subsequently 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.[51] 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,[52] and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9million Class A shares, making him the largest shareholder.[51][53]

As of March 7, 2016, Slim owned 17.4% of the company's Class A shares, according to annual filings submitted by the company.[54][55] While Slim became the largest shareholder in the company, his investment only allowed him to vote for Class A directors, a third of the company's board.[51] In December 2017, Slim reportedly cut his stake in The New York Times by half, reducing his ownership to approximately 8%.[56] By 2021, Slim was no longer listed among "principal holders of common stock" (i.e. greater than 5% ownership) in the company's annual proxy statement.[57]

Board of directors

As of November 2025:[58]

  • A. G. Sulzberger, chairman of The New York Times Company and publisher of The New York Times
  • Amanpal S. Bhutani, CEO of GoDaddy
  • Manuel Bronstein, former CPO of Roblox
  • Beth Brooke, former global vice chair of public policy for Ernst & Young
  • Rachel Glaser, former CFO of Etsy
  • Arthur Golden, best-selling author
  • Meredith Kopit Levien, president and CEO of The New York Times Company
  • Brian P. McAndrews, former president, CEO, and chairman of Pandora Media
  • David Perpich, vice chairman of The New York Times Company, and publisher of The Athletic
  • John W. Rogers Jr., founder and chairman of Ariel Investments
  • Anuradha B. Subramanian, CFO of Beast Industries
  • Margot Golden Tishler, chair of the Ochs-Sulzberger Trust
  • Rebecca Van Dyck, CMO of Airbnb

Community awards

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 nonprofits in New York City, Long Island, or Westchester were eligible.[59]

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.[60]

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.[61] The first winner was Tarell Alvin McCraney for his play "The Brothers Size".[62] In 2010, Dan LeFranc won for his play "Sixty Miles to Silver Lake".[63]

See also

  • List of companies based in New York City

External links

References

  1. The New York Times Company 2025 Annual Report (Form 10-K) SEC.gov, U.S. Securities and Exchange Commission, February 27, 2026^
  2. Mexican Billionaire Invests in Times Company The New York Times, January 20, 2009^
  3. The Sulzberger Dynasty Tightens Its Grip on the New York Times Fortune, October 19, 2016, retrieved 2016-11-19^
  4. Kate Vinton. These 15 Billionaires Own America's News Media Companies Forbes, June 1, 2016^
  5. Contact Us The New York Times Company, retrieved August 28, 2009^
  6. Timeline The New York Times Company, retrieved September 29, 2008^
  7. (November 28, 1994). "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.^
  8. Times Co. in Deal to Buy 2 TV Stations The New York Times, 1996-05-15, retrieved 2021-11-02^
  9. David D. Kirkpatrick. International Herald Tribune Now Run Solely by The Times The New York Times, January 2, 2003, retrieved August 29, 2008^
  10. David Teather. New York Times buys About.com The Guardian, 2005-02-17, retrieved 2017-01-08^
  11. The New York Times Company 2005 Annual Report retrieved 2020-08-28^
  12. NY Times Sells TV/Movie Database Baseline Deadline Hollywood, October 7, 2011^
  13. The New York Times Company Announces Plan to Sell Its Broadcast Media Group The New York Times Company, September 12, 2006, retrieved July 23, 2008^
  14. Story, Louise. New York Times to Sell 9 Local TV Stations The New York Times, January 4, 2007, retrieved August 23, 2008^
  15. The New York Times Company Reports April Revenues The New York Times Company, May 17, 2007, retrieved August 23, 2008^
  16. The New York Times. About.com Buys ConsumerSearch.com The New York Times, 2007-05-07, retrieved 2019-09-13^
  17. The New York Times Company Enters The 21st Century With A New Technologically Advanced And Environmentally Sensitive Headquarters The New York Times Company, November 19, 2007, retrieved August 23, 2008^
  18. NY Times in building sale talks with W.P. Carey-NYT Reuters, January 23, 2009, retrieved October 4, 2021^
  19. Richard Pérez-Peña. Times Co. Building Deal Raises Cash The New York Times, March 9, 2009, retrieved October 4, 2021^
  20. Russell Adams. New York Times Does Sale-Leaseback Deal The Wall Street Journal, March 10, 2009, retrieved October 27, 2021^
  21. New York Times will buy back its HQ leasehold The Real Deal, February 1, 2018, retrieved December 27, 2018^
  22. New York Times to buy back Manhattan headquarters for $245M The Real Deal, November 7, 2019, retrieved July 15, 2020^
  23. Greg Bensinger. New York Times to Get $45 Million for Radio Station Bloomberg News, July 14, 2009, retrieved July 18, 2009^
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  25. Sass, Erik. 'NYT' Pay Wall Could Bring $100M Annually Media Daily News, March 12, 2012, retrieved March 13, 2012^
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  28. Red Sox Principal Owner to Buy Boston Globe Newspaper The Wall Street Journal, August 3, 2013, retrieved August 5, 2013^
  29. Owens, Simon. Inside The New York Times's post-acquisition strategy for Wirecutter Medium, March 21, 2018, retrieved 20 December 2021^
  30. The New York Times Company acquires Audm, an app that turns longform journalism into audio TechCrunch, 23 March 2020, retrieved 2020-04-17^
  31. The New York Times Company Acquires Serial Productions and Forms a Strategic Alliance with "This American Life" www.businesswire.com, 2020-07-22, retrieved 2020-07-23^
  32. NYT promotes Kopit Levien to CEO role Financial Post, 22 July 2020, retrieved 9 September 2020^
  33. Marc Tracy. The New York Times Buys Wordle The New York Times, 31 January 2022, retrieved 26 October 2025^
  34. Marc Tracy. The Times hits its goal of 10 million subscriptions with the addition of The Athletic. The New York Times, 2 February 2022^
  35. The New York Times Company to Acquire The Athletic investors.nytco.com, retrieved 2022-01-07^
  36. Scott Deveau. New York Times Is Targeted by Activist Investor Pushing for Subscriber-Only Bundles Bloomberg, 2022-08-11, retrieved 2022-08-11^
  37. Jonathan Stempel. Berkshire Hathaway invests in New York Times, trims Apple Reuters, February 17, 2026^
  38. Alex Crippen. Berkshire was a net seller of stocks in Buffett’s final quarter as CEO CNBC, February 21, 2026^
  39. New York Times Timeline 1941–1970 The New York Times Company, retrieved September 16, 2008^
  40. Kozinn, Allan. WQXR-AM to Change Its Format, to Popular Music From Classical The New York Times, October 21, 1992, retrieved September 16, 2008^
  41. Blumenthal, Ralph. WQEW-AM: All Kids, All the Time The New York Times, December 2, 1998, retrieved September 16, 2008^
  42. Family Radio Returns To New York – RadioInsight November 21, 2014^
  43. Greg Bensinger. New York Times to Get $45 Million for Radio Station Bloomberg News, July 14, 2009, retrieved July 18, 2009^
  44. Business Units The New York Times Company, retrieved August 29, 2008^
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  46. The New York Times Company (NYT)^
  47. Starting in 2021, The New York Times transitioned from reporting subscriptions to subscribers: "Since many people purchase subscriptions to multiple New York Times products, this new goal shifts the emphasis from counting total subscriptions to focusing on the growth and value of individual subscribers." 2021 Annual Report, p. 30^
  48. FAQs The New York Times Company^
  49. SCHEDULE 13D/A (Amendment No. 11) Securities and Exchange Commission, January 1, 2018, retrieved June 5, 2021^
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  51. Patricia Laya, Gerry Smith. Billionaire Carlos Slim Doubles Holdings in New York Times Bloomberg News, January 14, 2015, retrieved June 20, 2015^
  52. " Jennifer Saba. Carlos Slim increases stake in NY Times Reuters, October 6, 2011, retrieved July 1, 2012^
  53. Carlos Slim becomes top New York Times shareholder Reuters, January 14, 2017^
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  55. , 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. 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) Securities and Exchange Commission, February 24, 2016, retrieved October 28, 2016^
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  58. Board of Directors NYTCo, retrieved November 9, 2025^
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  60. Carnegie Corporation of New York/New York Times I Love My Librarian Award winners announced American Library Association, December 8, 2008, retrieved February 3, 2009^
  61. Patrick Healy. Times's Outstanding Playwright Award Goes to Kristoffer Diaz ArtsBeat, June 21, 2011, retrieved 2017-02-12^
  62. Chris Joseph. Tarell Alvin McCraney Brings His Award-Winning The Brothers Size Home to Miami Miami New Times, 2011-08-31, retrieved 2017-02-12^
  63. The New York Times Company – Dan LeFranc Wins the 2010 New York Times Outstanding Playwright Award For "Sixty Miles to Silver Lake" investors.nytco.com, retrieved 2017-02-12^