New York Times

A Short History of The Almost Omniscient Media Company

While one might argue about media power these days, often abused and a tool of manipulation, there's no doubt that The New York Times company is one of the most powerful and recognizable media companies in the world.

One of the most read dailies in the US

Where do you go if you want to know what’s the latest news about Paris and Paris? What do you do if you need to see what happened to Maria Sharapova after this year’s Wimbledon? Who do you ask if you want to know if the storm is still raging dangerously in Taiwan? How can you find out about the latest news regarding George Bush’s fight against international terrorism? For those questions and just about everything else that you may find yourself curious about, we only have one answer: check out the New York Times.

The New York Times is one of the most read dailies in the United States and there’s really no surprise why it’s so. People have come to rely on the New York Times to provide them with updated news round the clock, online or through the written word, regarding everything under the sun. You can read about the films being shown this week, the current bestsellers in the publishing industry, the latest stock market quotes, the newest trend in summer fashion and a whole lot more.

The New York Times has arguably one of the most credible reputations in the country and so it’s unsurprising that people have become curious about what type of management is behind such a thriving media company. Hence, our article, which tackles the company profile of the New York Times Company, owner of the New York Times, the International Herald Tribune, the Boston Globe and sixteen other newspapers.

A brief history of the New York Times Company

Last year, the New York Times Company reached the three billion mark in their revenues. Besides the aforementioned newspapers, the New York Times Company also owns eight TV networks and two radio stations. The New York Times Co. is also house to several Pulitzer Prize writers.

A short history of the New York Times Company is provided below:

April 27, 1967 - Class A stock of the New York Times Company has finally landed a spot in the listing of over-the-counter trades.

January 12, 1973 - Adding on to their assets, the New York Times Company has acquired Marco Island Eagle.

January 11, 1977 - The New York Times Company divests several of its business ventures by selling its professional magazine and music publishing business.

February 12, 1980 - The Madison Paper Industries was born, a joint venture between the New York Times Co. and Myllykoski Oy, a Finnish paper manufacturing company.

March 6, 1980 - The New York Times Company decides to sell its Us magazine.

April 10, 1981 - The Australian magazine operations of the New York Times Co. were also sold.

1983 - The New York Times sold times Books, its book publishing operation, and license to its information retrieval service and micro-publishing operations. In return, the company got to acquire several TV stations, launch new magazines and relaunch old ones that it has acquired.

1993 - The New York Times Company announces a $100 million share repurchase authorization.

For more details regarding the New York Times Company and all its affiliations, its website can provide you with contact details and FAQs. The New York Times accept ads, notices, announcements of weddings, obituaries, special events, and the likes. They can also be delivered right on your doorstep, wherever you are, and further information regarding this can still be found on their website - nytimes.com

Another well know NY daily newspaper is New York Post - more about it in the next article.

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