Re: [Fwd: WQEW make your move])

[Garrett Wollman <wollman>]

<<On Sun, 27 Dec 1998 23:21:12 -0500, "A. Joseph Ross" <lawyer@world.std.com> said:

> I don't know what the makeup of the New York Times ownership is, but with
> most of these corporations, even publicly-traded ones, the few people
> running the corporation, and their friends and allies, have a pretty strong
> controlling marjority among the shareholders.  And the more secure their
> control, the less vulnerable they are to hostile takeovers.

You have hit upon the most important part of the question:

The New York Times is majority owned by a trust controlled by the
Sulzburger family.

That trust expires in 1999, at which point The NYT Company becomes an
ordinary publically-traded corporation.  The public shareholders have
been grumbling for some time about the profitability of the whole
enterprise; with the trust about to expire the Sulzburgers are no
longer free to run the company in any way that pleases them.

- -GAWollman

- --
Garrett A. Wollman   | O Siem / We are all family / O Siem / We're all the same
wollman@lcs.mit.edu  | O Siem / The fires of freedom 
Opinions not those of| Dance in the burning flame
MIT, LCS, CRS, or NSA|                     - Susan Aglukark and Chad Irschick

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