The New York Times Company

The core purpose of The New York Times Company is to enhance society by creating, collecting and distributing high quality news, information and entertainment. The New York Daily Times is founded by Henry Jarvis Raymond and George Jones, with the first issue appearing on September 18. Upon Henry Jarvis Raymond's death, George Jones assumes control of the newspaper. With the newspaper close to bankruptcy, a group of Wall Street investors arranges to save the firm--and their investments--by placing it in receivership and recapitalizing it as a new company, The New York Times Company; the paper's new publisher, Adolph Simon Ochs, adopts the slogan, "All the News That's Fit To Print." Following Ochs's death, his son-in-law, Arthur Hays Sulzberger, is elected president and publisher of the NYTC. Arthur Hays Sulzberger's son, Arthur Ochs Sulzberger, becomes president and publisher of the NYTC. The company embarks on its first major program of diversification, expanding its interests to include new newspaper, magazine, television, and book properties. The company enters cyberspace by joining with eight other newspaper companies in an online news service, New Century Network, and by creating The New York Times Electronic Media Company as a wholly owned subsidiary to develop new electronic products and distribution channels for the Times. The company is awarded six Pulitzer Prizes for the New York Times 's coverage of the events of 9/11. The New York Times Company (NYTC) is a diversified media company including newspapers, magazines, television and radio stations, electronic information services, and electronic publishing. The company publishes three major daily newspapers, the New York Times (the Times ), the International Herald Tribune, and the Boston Globe, and 16 regional newspapers. The company operates eight network-affiliated television stations and two New York City radio stations. The Times Syndicate sells columns, magazine and book excerpts, and feature packages to more than 2,000 newspapers and other media to clients in more than 50 countries. It is the largest syndicate in the world specializing in text, photos, graphics, and other noncartoon features. As part of an aggressive expansion campaign the New York Times increased its U.S. distribution from 62 markets in 1997 to 235 in 2002. The principal founders of the New York Times were Henry Jarvis Raymond, a sometime politician, reporter, and editor who learned his trade working for Horace Greeley on the New York Tribune, and George Jones, an Albany, New York, banker who had also once worked for Greeley as a business manager on the Tribune. Raymond proposed a newspaper that would present the news in a conservative and objective fashion, in contrast to the yellow journalism of the day, which emphasized crime, scandal, and radical politics. They raised $70,000 to establish Raymond, Jones & Company, in large part by selling stock to wealthy upstate New York investors, and set up their editorial offices in a dilapidated six-story brownstone on Nassau Street in downtown New York City. The first issue of the New York Daily Times (the word "Daily" was dropped from the title in 1857) was dated September 18, 1851, and it announced an editorial policy that would emphasize accurate reporting and moderation of opinion and expression. Jones handled the company's business affairs, and Raymond, as editor, provided journalistic leadership. Under their management, helped by booming population growth in New York City, the Times grew rapidly, reaching 10,000 circulation within ten days and 24,000 by the end of its first year. In 1858 the paper moved into a new five-story building containing the most modern printing equipment. As the Times prospered, Raymond established and continually encouraged the high standards of journalism that prevail to this day. It also became a newspaper of record. For example, it carried the entire text of Lincoln's "Gettysburg Address" on the front page