The occasion was a special anniversary for The New York Times, the nation's pre-eminent bastion of serious journalism. In other words, if Successions Pierce family works like the real-life Sulzbergers, then Logan Roy will need to get a family consensus before he can buy the company out from under them. Judith Peixotto SULZBERGER. Farlex Partner Medical Dictionary Farlex 2012 Want to thank TFD for its existence? SEC filings state the trust's "primary objective" is that the Times continues "as an independent newspaper, entirely fearless, free of ulterior influence and unselfishly devoted to the public welfare". The Pierce familywhose members have yet to appear onscreen but simmer in the background of this episodeappears to be based loosely on the Sulzberger clan, which has run the New York Times since 1896. A new general-assignment reporter named A. G. Sulzberger was banging around the city, writing about a Third Avenue flop house upstairs from J. G. Melon, a high-end burger joint; about the maiden . The family settled in Tennessee, and Ochs rose to be publisher of the Chattanooga Times. But even more astute was his decision to follow the old wisdom: If they're going to write it anyway, you might as well talk to them. But they are deeply devoted to this place, and the three of us are committed to continuing to work as a team.. [20][21], Sulzberger married Gabrielle Greene 2014, and the couple filed for divorce in 2020.[22][23][24]. Indeed, A. G. Sulzberger owns a 1.3% of Class A stocks and 92% of Class B stocks. Despite running the paper of record for over a century, the Sulzbergers (or Ochs-Sulzbergers, as theyre sometimes called) arent quite a household name outside New York media and certain social circles. Advertisements. Sulzberger was born in Mount Kisco, New York, one of two children of Barbara Winslow (ne Grant) and Arthur Ochs "Punch" Sulzberger Sr. [2] His sister is Karen Alden Sulzberger, who is married to author Eric Lax. It's easy to be misled by the Times's recent greatness into thinking that it was always so. Not so with the publishers of The New York Times--for one thing, they tend to stay in power a long time. At the start, he committed the Times to a journalistic program of conservatism, thoroughness, and decency that provided the blueprint for its eventual success. Born:Dec 1918. As publisher, chairman, and CEO, Punch was selected by a self-perpetuating, private, secretive body. It enjoyed early success because it targeted an intellectual readership. The head of the Times does not have the power to shake things up very much. - Age . Reuters commitment to independence threatened its merger with Thomson, Is Night Court a real thing? His parents divorced when he was 5 years old. [2][3] At Brown, Sulzberger worked briefly for The Brown Daily Herald as a Contributing Writer. The Sulzberger family has . For as little as $6/month, you will: Were really pleased that youve read X Times of Israel articles in the past month. Arthur Gregg Sulzberger (born August 5, 1980) is an American journalist serving as chairman of The New York Times Company and publisher of its flagship newspaper, The New York Times . In 2015, Carlos exercised warrants that gave him a nearly 17% stake in the company. 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 . Sulzberger said in a statement that at the meeting, he "told the president directly that I thought that his [anti-press] language was not just divisive but increasingly dangerous. How old is Arthur Ochs Sulzberger Jr.? It's classified as follows: K641965 Trustee service , and the status of this company is Registered now. Another problem stems from the fact that any book about the Times will certainly be read by journalists and reviewed by journalists. Such questions go unexamined in The Trust. ofand provide income for Huichol families, a Native American group [22][23] In October 2016, he was named deputy publisher, putting him in line to succeed his father as publisher. For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members. The retailers demise explained, Is UNICEF a good charity? The New York Times repaid his loan in 2011 but allowed Carlos to purchase shares via warrants expiring in January 2015. The New York Times has appointed Arthur Gregg Sulzberger deputy publisher, putting the 36-year-old in line to succeed his father, Arthur Sulzberger Jr, as publisher and chairman of the newspaper. One hundred years later, the Times was the acknowledged leader of American journalism, and although it had become a billion-dollar operation, it was still a family paper, controlled by Punch Sulzberger and his sisters and cousins and their children. The paper sold for a penny. He will assume the title chairman emeritus, the company said. 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. TheNew York Timeseventually recovered a recovery made possible by Carloss investment. Digging into the history of many Arthur Sulzbergers running the New York Times, Schell began: You said the difference was that they [the North Korean Kim dynasty] were only two generations, and your family was four. Arthur jokingly cut in: I dont like where this is going one damn bit! 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. 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!) From 1997 until 2020, Sulzberger was the chairman of The New York Times Company and the publisher of The New York Times from 1992 to 2018. The 2008 financial crisis hit The New YorkTimeshard. Tell us a little bit about that, and what effect you think it has on how this great paper can comport itself in the world. Sulzberger, trained since childhood for this job, swiftly deflected: Theres a lot behind that question. A look back into the familys history shows why. 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. Ochs initiated the family's ownership of the Times after he bought the paper in 1893. Check this off your list and sleep better at night knowing your family won't suffer when disaster strikes. The 42 Best Romantic Comedies of All Time, The 25 Best Shows on Netflix to Watch Right Now, Inside Ivanka Trump and Jared Kushners Gilded Florida ParadiseFar From Donald Trump or 2024, Chaos lingers at the periphery, but the Trump-Kushner marriage is thriving in exile. When Elisabeth Finch met Jennifer Beyer in 2019, the two women forged a fiercely loyal friendship, and eventually got married. Janet L. Robinson, chief executive of The New York Times Company, said: This agreement provides us with increased financial flexibility to continue to execute on our long-term strategy. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community. However, the paper remained afloat due to ever-rising subscribership. [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". The younger Sulzberger is the sixth member of the Ochs/Sulzberger clan to become . Sulzberger was the chairman of The New York Times Company from 1997 to 2020, and the publisher of The New York Times from 1992 to 2018. Does it matter that the paper used to be conservative and is now liberal? Married to Ben Hale GOLDEN. As previously reported, stage legend Cherry Jones will play head of the family Nan Pierce, Holly Hunter is CEO Rhea Jarrell, and Annabelle Dexter-Jones plays Naomi Pierce, whom we discover in the third episode is a friend of Romans partner, Tabitha. Early life and education [ edit] Sulzberger was born in Washington, D.C., on August 5, 1980, to Gail Gregg and Arthur Ochs Sulzberger Jr. New York Times. R. Anthony Benten, Sr. VP, Treasurer & Chief Accounting Officer Robert Denham, Independent Director Doreen Toben, Independent Director Brian McAndrews, Presiding Independent Director Rachel Glaser, Independent Director John Rogers, Independent Director With a journalism operation of more than 2,000 people reporting from around the globe, The Times is the most influential and award-winning English-language news organization in the world. The authors must surely have known that. Sulzberger was a reporter with the Raleigh Times in North Carolina from 1974 to 1976, and a London Correspondent for the Associated Press in the United Kingdom from 1976 to 1978. Married to Andrew HEISKELL. . In January 2009, Slim loaned The New YorkTimes$250 million. This is a remarkable family business book. [3] He is a grandson of Arthur Hays Sulzberger and great-grandson of Adolph Ochs. [11][12] The 2017 film Kodachrome, directed by Mark Raso, is based on his 2010 article about a rural community that became the last place to develop Kodachrome film. The tradition of handing down the paper from father to a firstborn son also named Arthur is such an obviously medieval practice at the New York Times that Sulzbergers dad and predecessor, Arthur Ochs Pinch Sulzberger Jr., kept a Steuben crystal sculpture of a gold-handled Excalibur embedded in stone on his deska gift and potential Shiv Roy-worthy act of passive aggression from his passed-over sisters when he was named publisher and the familys next kingArthur. [6] While there, he revealed that membership of the Narragansett Lions Club was not open to women. The Trust: The Private and Powerful Family Behind The New York Times, by Susan E. Tifft and Alex S. Jones. Hays Golden, son of Arthur Or alternatively, change is made by outsiders like Ted Turner, who created CNN and, with it, the 24-hour news cycle. Sulzberger is a fifth-generation member of the Ochs-Sulzberger family and brings a deep appreciation of the values and societal contributions of The New York Times and the Company to his role as chairman and publisher of The New York Times. If they werent members of the Ochs/Sulzberger family, our competitors would be bombarding them with job offers, he said. What it does produce, in the case of [24][25][26] His cousins Sam Dolnick, now assistant managing editor of the Times,[27] and David Perpich, now head of standalone products and a member of the New York Times Company board,[28] were also considered for the role. Sulzberger moved The New York Timesto the internet in 1996. families like the Murdochs, the Trumps, and the Redstones, who helped run a DJ-training school called Scratch DJ Academy. The first known member of the family was Eleazar Sussman Sulzberger, c1600. Married: 1946. 97-page "innovation report" about how the Times needed to become a digital-first company. 3/n Im sure we should exercise the option, but we look at it like a financial investment that has been very good., Then chief executive Mark Thompson said repurchasing of the shares was the best option for Carlos:We believe it is in the best interests of the company to continue to maintain a conservative balance sheet, and a prudent view on the allocation of free cash flow and this one-off repurchase program should not be viewed as a change of position about our capital allocation plans., Read Next: Who owns Reuters? The option is a lower price,Carlos told Reuters. See "Compensation of Executive Officers" for a description of his compensation. Sign in to stop seeing this, Sara Netanyahu accosted by protesters at Tel Aviv hair salon, extricated by police, Brides joy turns to sorrow after Elan Ganeles killed driving to her wedding, Hiker discovers 2,500-year-old ancient receipt from reign of Purim kings father, Netanyahu compares Tel Aviv protesters to settlers who set fire to Huwara. Critics said the newspaper failed to give adequate coverage to Nazi atrocities committed against Jews, a charge that The Times later owned up to. I assume that I am not spoiling the plot by revealing that the book ends with the installation in 1997 of the Times's current publisher, Arthur Ochs Sulzberger, Jr.--who, at age 48, can be expected to lead the Times for quite some time. [1], He attended Ethical Culture Fieldston School and Brown University, graduating in 2003 with a major in political science. Meet the brand-new players on the board this season. It takes just a few seconds. The Open Database Of The Corporate World. 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. What have I observed and learned in the quarter century since? As publisher, he oversees the news outlet's journalism and business operations. Married to HOLMBERG. Arthur Ochs "Pinch" Sulzberger Jr. (born September 22, 1951) is an American . Oh, plenty. Arthur Ochs Sulzberger raised his son, Arthur Ochs Sulzberger Jr., in his wifes Episcopalian faith. In 1861, it started publishing a Sunday edition to give daily updates on the Civil War. [18][19] The couple have two children: a son, Arthur Gregg Sulzberger, and a daughter, Annie Sulzberger. Perpich, a grandson of Arthur Ochs Sulzberger, was married by a rabbi in 2008. Pleasant Avenue . [9] He became a national correspondent,[10] heading the Kansas City bureau and covering the Midwest region. The authors seem not terribly curious about the questions raised by the newspaper's success. [6], Sulzberger worked as a reporter for The Oregonian newspaper in Portland from 2006 to 2009, writing more than 300 pieces about local government and public life, including a series of investigative exposs on misconduct by Multnomah County Sheriff Bernie Giusto. What is the nature of the Times's power? Marian SULZBERGER. Pitbull is a pal, Carbone is for dinner, and, Palace Insiders Say Prince William Is Already Furious About Prince Harrys Memoir Leaks, Prince Harry alleges Prince William attacked him over Meghan Markle in a new excerpt from, Prince Harry on Williams Hairline and Their Wicked Stepmother. In 1992, Sulzberger relinquished the publisher's job to his 40-year-old son, Arthur Ochs Sulzberger Jr., but remained chairman of The New York Times Co. See: Bloch-Sulzberger disease, syndrome, Sulzberger-Garbe disease, Sulzberger-Garbe syndrome. (photo credit: book cover), This March 2, 1973 file photo shows New York Times publisher Arthur Ochs Sulzberger in his office in New York. Restrictions apply. To learn more about the Sulzbergers, I highly recommend Mark Bowdens lengthy Vanity Fair profile, or, if you have even more time to spare, you can dive into all 870 pages of The Trust: The Private and Powerful Family Behind The New York Times, by Susan E. Tifft and Alex S. Jones. "[36][37][38] Sulzberger met with President Trump in the Oval Office again on January 31, 2019, for an on-the-record interview with Times reporters Peter Baker and Maggie Haberman. The rest of us can buy NYT stock (which recently traded near its 52-week high), but we can't fire the publisher. NEW YORK CITY The children of the late New York Times publisher Arthur Ochs Sulzberger are moving quickly to sell stock he held in the Gray Lady's parent company, his will reveals.. Sulzberger . In these capacities, Sulzberger was involved in planning the Times's automated color printing and distribution facilities in Edison, New Jersey, and at College Point, Queens, New York, as well as the creation of the six-section color newspaper. Dryfoos died two years later from heart failure, so his brother-in-law Arthur Punch Ochs Sulzberger took over. in Mexico. I know A. G. will not rest in his drive to empower our journalists and expand the scope of The Timess ambitions,Arthur said. The name of the family trust, Marujupu, is comprised of the names of the four children of the late matriarch Iphigene Ochs. Does it make sense for the newspaper to entrust its fate to 13 unaccountable millionaires who acquired their money and influence through birth? Sulzberger Jr. no doubt made some bad business decisions, including fumbling the 2014 firing of Times executive editor Jill Abramson in a rare high-profile move that put the Sulzbergers exactly where they prefer not to be: in the public eye. As a multi-generational Jewish crime family, the Sulzbergers rank second (albeit a distant second) only to The Rothschilds -- whose ultra-patriarch, Meyer Amschel Rothschild, first made his mark about 250 years ago, and whose direct male descendants still wield enormous power to this day. Arthur Ochs "Pinch"[1] Sulzberger Jr. (born September 22, 1951) is an American journalist. Earlier, they collaborated on a big history of another journalistic dynasty--the Binghams of Louisville. Died:2017. Though Logan is often pitched as a villain of Succession, whats been true, generally, in American culture is that were inclined to be much friendlier to self-made kings like Logan Roy than we are to those, like the Pierces and the Sulzbergers, who inherited their wealth. [39][40], He has said that an independent press "is not a liberal ideal or a progressive ideal or a Democratic ideal. And Arthur Sulzberger Jr. owns 1.8% of Class A stocks and 92.2% of Class B stocks. He has been the principal architect of the news outlet's digital transformation and has led its efforts to become a subscriber-first business. Consider their handling of "Punch" Sulzberger, who ran the paper from 1963 to 1997. Its been around for two decades shy of two centuries, winning more Pulitzer Prizes of any newspaper. In January 1987, Sulzberger was named assistant publisher. We continue to explore other financing initiatives and are focused on reducing our total debt through the cash we generate from our businesses and other decisive steps.. In lieu of flowers, contributions, in Carl L. Sulzberger's memory, may be made to The Parkinson's Foundation, (200 SE 1st Street, Suite 800, Miami, Florida 33131) or to a charity of your choice. The Jewish issue, which the family is quite conscious of but reticent about discussing, also gets its due in The Trust. Free and open company data on New Zealand company SULZBERGER FAMILY TRUSTEE COMPANY LIMITED (company number 4114618), 3 Oakwood Drive, Highlands Park, New Plymouth, 4312. Inside Sheins controversial culture, Does Noom really work? And with a dynamic new C.E.O. Registering also lets you comment on articles and helps us improve your experience. I feel weve achieved everything we had hoped to achieve,Thompson said. But when it comes to the antics of their personal lives, the Sulzbergers play their cards impossibly close to the vest. Sulzberger Jr. bought an Upper West Side penthouse for $4 million in 2011. 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. The Sulzberger family owns The New York Times through The New York Times Company. Today the familys Jewish ties are less apparent than they were in the past. He is the sixth member of the Ochs-Sulzberger family to serve in the role. Nevertheless, the critics havent affected its membership, with more people globally subscribing to the paper. Unlike other news outlets, we havent put up a paywall. For me, fashion is life, and life is art, she writes on her It was Punch who made the key decision to open the family and newspaper archives to the authors. 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 . It was not the biggest newspaper in New York and certainly not the best written. Meredith Kopit Levien grew up in Richmond, Virginia, where she occasionally read The New YorkTimescourtesy of her New Yorker parents. With editor Carr Van Anda, Adolph rebuilt The New York Timesreputation, eventually turning it into an international paper. Nevertheless, given its owners family history, its disproportionately large Jewish readership and its frequent coverage of Jewish preoccupations, The Times is often regarded as a Jewish newspaper often disparagingly so by anti-Semites. Please try again or choose an option below. (Shes also committed to maintaining the historical 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. 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.. His mother was a descendant of Mayflower crew member John Alden and Plymouth Colony governor Edward Winslow. Publisher A.G. Sulzberger is the sixth member of the Ochs-Sulzberger family to lead the paper. But the Sulzbergers, with their unprecedented run of media power and high-minded ideals about their own legacy, seem to be the real persons of interest to Armstrong and his Succession writers. [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". While criticism from the Jewish community under his tenure was less harsh than during his grandfathers time, many, particularly on the right, still saw the newspaper as being biased against Israel. click the link in that email to complete your registration. Learn how to leverage transparent company data at scale. When Succession creator Jesse Armstrong set out to make his HBO series about power and family conflict in the world of New York media he had a very specific type of business mogul in mind. In 1896, Ochs became publisher of The New-York Times in a classic American way: by bluffing and by using other people's money. Don't overpay for pet insurance. citing his family. [33] He became publisher on January 1, 2018,[34] succeeding his father Arthur Ochs Sulzberger Jr.,[25] although the elder Sulzberger remained chairman of The New York Times Company until the end of 2020. The New York Times Company announced on Wednesday that Arthur O. Sulzberger Jr. will retire as the chairman and as an active member of its board of directors on Dec. 31, completing a. Adolph Simon Ochs bought The New York Times from Henry Jarvis Raymond and George Jones Adolph Simon Ochs 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. The New York Times' major individual shareholder is the Sulzberger family, owning it for several generations. He was the son of Arthur Hays Sulzberger, chairman of the board of the New York Times Company, and of Iphigene Bertha, ne Ochs, through whom he was a descendant of Adolph Ochs, the founder of the New York Times. Sulzberger and his first cousin, Vice Chairman Michael Golden, ousted Robinson from her job last month, according to the report, citing a person familiar with the situation. However, by the time George Jones passed in 1891, The New YorkTimeshad recovered its readership and revenue. But as fun and fascinating as some of these extra-credit Sulzbergers may be, its very likely that it was Sulzberger Jr. himself who inspired Armstrong to dig into this other brand of New York dynastic power. 2023 Cond Nast. By registering you agree to the terms and conditions. blog. Theyre not MAGA. And this week, the fifth generation takes on a leadership role. In theory, at least, Arthur, Jr., could run the paper into the 2030s. Should he have? Even so, there is much to enjoy in this family and institutional tale, beginning with the dynastic founder, Adolph Ochs, the son of Jewish immigrants from Furth, Germany.
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