Following the purchases of the Boston Globe by Red Sox owner John Henry and the Washington Post by Amazon.com CEO Jeff Bezos, media watchers have been wondering: Is The New York Times next? In a statement today, chairman Arthur Sulzberger, Jr. said emphatically, “The Times is not for sale.”
“Will our family seek to sell The Times? The answer to that is no,” Sulzberger said in his statement. “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.”
Sulzberger cited the success of The Times’ paid subscription model as evidence that the company is “perfectly able to fund our future growth. The Times has both the ideas and the money to pursue innovation.”
After the sale of the Washington Post by the Graham family, The New York Times is the last major family-owned and operated newspaper in the country, dating back to Sulzberger’s great-grandfather Adolph Ochs.
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