The New York Times Company

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The New York Times Company
Company typePublic
IndustryNewspapers
FoundedSeptember 18, 1851; 172 years ago (1851-09-18)
Founders
HeadquartersThe New York Times Building,
Manhattan, New York City, New York
,
United States
Area served
Worldwide
Key people
A. G. Sulzberger
(Chairman)
Meredith Kopit Levien
(President and CEO)
ProductsThe New York Times
The New York Times International Edition
Other media properties
RevenueIncrease US$2.31 billion (2022)
Decrease US$202 million (2022)
Decrease US$174 million (2022)
Total assetsDecrease US$2.53 billion (2022)
Total equityIncrease US$1.60 billion (2022)
Number of employees
c. 5,800 (December 2022)
Websitenytco.com
Footnotes / references
[1][2][3][4]

The New York Times Company is an American media company. It is most known for publishing The New York Times, other publications related to it, and other media properties. Its headquarters are at the New York Times Building in Manhattan, New York City.[5]

History[change | change source]

The company was started by Henry Jarvis Raymond and George Jones in New York City. The first edition of the newspaper The New York Times was published on September 18, 1851.[6]

In 2003, the company bought The Washington Post's 50 percent ownership in theInternational Herald Tribune (IHT) for US$65 million.[7]

In 2005, the company bought About.com, a company that provides consumer information, for US$410 million.[8] In 2005, the company reported revenues of US$3.4 billion to its investors.[9]

In 2013, the company sold The Boston Globe and other media properties to John W. Henry, the main owner of the Boston Red Sox.[10][11]

They bought The Wirecutter in October 2016 for a $30 million.

In February 2022, the New York Times Company bought The Athletic, a sports news website, for $550 million.[12][13]

Later in February 2022, the company bought acquired Wordle, an Internet word puzzle game.[14]

Notes[change | change source]

  1. ↑ The New York Times Company 2022 Annual Report (Form 10-K). SEC.gov (Report). U.S. Securities and Exchange Commission. February 28, 2023.
  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. Archived from the original on 2016-11-20. Retrieved 2016-11-19.
  4. ↑ Vinton, Kate (June 1, 2016). "These 15 Billionaires Own America's News Media Companies". Forbes.
  5. ↑ "Contact Us". The New York Times Company. Archived from the original on May 6, 2009. Retrieved August 28, 2009.
  6. ↑ "Timeline". The New York Times Company. Archived from the original on September 14, 2008. Retrieved September 29, 2008.
  7. ↑ Kirkpatrick, David D. (January 2, 2003). "International Herald Tribune Now Run Solely by The Times". The New York Times. Retrieved August 29, 2008. The International Herald Tribune, descendant of an American paper first published in Paris in 1887, is appearing today for the first time under the sole ownership and management of the New York Times Company. The takeover ends an anomalous 35-year partnership between The Times and its domestic competitor The Washington Post that produced a journalistic hybrid consisting mainly of articles and editorials from both papers compiled by editors in Paris. In October, The Times reached an agreement to buy The Post's 50 percent stake in the venture for about $70 million -- in part, The Post said, by threatening to start a rival paper overseas.
  8. ↑ Teather, David (2005-02-17). "New York Times buys About.com". The Guardian. ISSN 0261-3077. Retrieved 2017-01-08.
  9. ↑ "The New York Times Company 2005 Annual Report" (PDF). Archived (PDF) from the original on 2020-08-28. Retrieved 2020-08-28.
  10. ↑ Christine, Haughney (August 3, 2013). "New York Times Company Sells Boston Globe". The New York Times. Retrieved 4 August 2013.
  11. ↑ "Red Sox Principal Owner to Buy Boston Globe Newspaper". The Wall Street Journal. August 3, 2013. Retrieved August 5, 2013.
  12. ↑ Tracy, Marc (2 February 2022). "The Times hits its goal of 10 million subscriptions with the addition of The Athletic". The New York Times. Archived from the original on 19 July 2022.
  13. ↑ "The New York Times Company to Acquire The Athletic". investors.nytco.com. Retrieved 2022-01-07.
  14. ↑ "NYT promotes Kopit Levien to CEO role". The New York Times. New York Times Company. 31 January 2022. Retrieved 2 February 2022.

Other websites[change | change source]

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