Arab Today, arab today new york times not for sale
Last Updated : GMT 18:34:27
Arab Today, arab today
Arab Today, arab today

New York Times not for sale

Arab Today, arab today

Arab Today, arab today New York Times not for sale

New York - UPI

The New York Times \"is not for sale,\" its publisher declared, but analysts said the newspaper might succumb to financial pressures like The Washington Post. \"Will our family seek to sell The Times? The answer to that is no. The Times is not for sale, and the trustees of the Ochs-Sulzberger Trust and the rest of the family are united in our commitment to work together with the company\'s board, senior management and employees to lead The New York Times forward into our global and digital future,\" Arthur Sulzberger Jr., who is also The New York Times Co. chairman, said in a statement Wednesday after meeting with family members. Sulzberger and company Vice Chairman Michael Golden said the Times intended to find profits by expanding \"investment internationally, in video, in paid products and in brand extensions.\" They also cited the strengths of key Times editors. \"We\'re incredibly proud of our association with this great institution and, on behalf of the trustees and the other members of our family, we plan for that association to continue for many years to come,\" the men said. Among the rumored Times Co. admirers of New York Mayor Michael Bloomberg, a new-media billionaire whose media holdings include a news service and Bloomberg Businessweek. Regarding the rumors, Sulzberger told The Daily Beast last week, \"Imagine. People talk. What a shock.\" Bloomberg has dismissed the idea he is eyeing the Times Co. The Times Co. said Saturday it would sell The Boston Globe at a $1.03 billion loss to Boston Red Sox billionaire owner John W. Henry. Henry bought the Globe, the Worcester (Mass.) Telegram & Gazette and other New England Media Group properties for $70 million cash. The Times bought the Globe in 1993 for $1.1 billion in cash and Times stock. The Times Co. threatened to close the Globe in 2009 if its unions didn\'t agree to $20 million in cost savings. A month later it announced it reached a deal with the union that represents most Globe editorial staff members that gave it the concessions it demanded. Two days after the Times Co. announced the Globe sale, The Washington Post Co. said it would sell its flagship newspaper to billionaire Amazon.com founder Jeff Bezos for $250 million. The Post sale by the Graham family, which owned it for 80 years, leaves the Times as the nation\'s last major newspaper run by a family. The Times was bought by Adolph S. Ochs -- Sulzberger\'s great-grandfather -- in 1896. A year later Ochs coined the paper\'s slogan, \"All the News That\'s Fit to Print\" -- a jab at competitors known for lurid yellow journalism. When Ochs bought the Times, it was losing money. The current company is not losing money but has had cash-flow struggles. In January 2009, a few months before it threatened to close the Globe, the heavily indebted company borrowed $250 million from Mexican billionaire Carlos Slim, a telecommunications magnate and the second-richest person in the world, after Bill Gates. The loan\'s interest rate was 14 percent. The Times Co. has since repaid the loan and interest. A report in the Post Tuesday said the Post\'s sale was considered unthinkable until it happened. \"I can see scenarios where it could happen [at the Times],\" Poynter Institute media-business analyst Rick Edmonds told the Post. \"The Times has a lot of strengths. But I think there is some pressure there, too,\" he said, citing the same economic forces that drove the Graham family to sell. He also cited potential internal pressures, similar to those that brought the family owners of Dow Jones & Co., parent of The Wall Street Journal, to sell to Rupert Murdoch\'s News Corp. for $5 billion in 2008. The Times Co. sold its nine TV stations in 2007, its regional newspaper chain in 2011 and its About.com Web operation last summer. Once the Times Co. sells the Globe, it will own the Times and the Paris-based International Herald Tribune, which will be re-branded as the International New York Times in October.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new york times not for sale Arab Today, arab today new york times not for sale

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 19:03 2017 Friday ,24 February

PJD Slams Assabah Newspaper over Allegations

GMT 15:42 2017 Thursday ,23 February

Information Minister delivers lecture at RCSC

GMT 14:13 2017 Thursday ,23 February

International media conference concludes

GMT 19:28 2017 Tuesday ,21 February

McCain criticizes Trump over continued media attacks

GMT 10:17 2017 Tuesday ,21 February

Dh56,000 of fines for illegal adverts around Abu Dhabi

GMT 15:27 2017 Monday ,20 February

Trump calls media ‘enemy of American people’
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday