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Who Owns The New York Times?
The New York Times‘ major individual shareholder is the Sulzberger family, owning it for several generations. Indeed, A. G. Sulzberger owns a 1.3% of Class A stocks and 92% of Class B stocks. And Arthur Sulzberger Jr. owns 1.8% of Class A stocks and 92.2% of Class B stocks. The New York Times now runs primarily via a subscription-based model, where digital subscriptions contributed over $426 million in revenues in 2019, which made up over 23% of its total revenues.
New York Times Revenue Breakdown
Class A vs. Class B stocks
To guarantee a certain degree of independence and control, media companies have been historically structuring themselves with two classes of shares: A and B.
Usually, Class A shares, give more voting power, while Class B shares give ownership but with limited voting power, compared to Class A shares.
However, in the case of The New York Times, as of 2020, Class A stockholders are entitled to elect 4 of the 12 directors, where Class B shares are entitled to vote 8 of the 12 directors.
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