For a Paper that screams against inheritance they are controlled by same family over 110 Years
I guess they don't practice what they preach
White Privileged
you said it.
https://en.wikipedia.org/wiki/The_New_York_Times_Company
Ownership
Since 1967, the company has been listed on the New York Stock Exchange under the symbol NYT. Of the two categories of stock, Class A and Class B, the former is publicly traded and the latter is held privately -— largely (nearly 90%) by the descendants of Adolph Ochs, who purchased The New York Times newspaper in 1896.
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 million from Carlos Slim, a Mexican businessman and the world’s second richest person,[29] “to help the newspaper company finance its businesses”.[30] The New York Times Company later repaid that loan ahead of schedule.[31] 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.[31] 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,[32] and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9 million Class A shares, making him the largest shareholder.[31][33] As of March 7, 2016, Slim owned 17.4% of the company’s Class A shares, according to annual filings submitted by the company.[34][35][36]
Although Slim is the largest shareholder in the company, his investment does not give him the ability to control the newspaper, as his stake allows him to vote only for Class A directors, who compose just a third of the company’s board.[31] According to the company’s 2016 annual filings, Slim did not own any of the company’s Class B shares.[34]
Board of directors
At the April 2005 board meeting, Class B shareholders elected nine of the fourteen directors of the company.[37]
I’m 70 this month. Never liked the NYT. But that goes with being native Texan.