The new york times company owner
The New York Times Company is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol NYT. As a result, there is no single individual or entity that owns the company. Instead, the company is owned by its shareholders, who collectively hold shares of the company's stock.
As of February 2023, the largest shareholders of The New York Times Company are:
- The Ochs-Sulzberger Family Trust: This trust, which is controlled by the family of Arthur Ochs Sulzberger Jr., the company's former chairman and CEO, owns approximately 10.4% of the company's outstanding shares.
- The Vanguard Group, Inc.: This investment management company owns approximately 8.1% of the company's outstanding shares.
- BlackRock, Inc.: This investment management company owns approximately 6.4% of the company's outstanding shares.
- State Street Corporation: This financial services company owns approximately 4.1% of the company's outstanding shares.
- FMR, LLC (Fidelity): This investment management company owns approximately 3.4% of the company's outstanding shares.
It's worth noting that the Ochs-Sulzberger family has a long history of ownership and control of The New York Times Company, dating back to the company's founding in 1851. However, in recent years, the family's ownership stake has decreased as the company has gone public and institutional investors have become larger shareholders.