class-structure

No One Wants To Steal The 'Times' From The Sulzbergers Anymore

Doree Shafrir · 06/20/07 04:05PM

Back in March, you couldn't talk about the New York Times without someone mentioning how evil Wall Street wanted the company to change its share structure, a system that puts the Sulzberger clan in charge of the majority of seats on the Times board. (Recap! Each "Class B" share, mostly owned by family members, is worth 10 "Class A" shares, which can be bought by the general public. Yes, even by you.) But now, the issue of changing the Times' share structure almost never comes up. Today, for example, the Times presented at the Newspaper Association of America's Mid-Year Media Review, and nary a word was spoken about the share structure. Not only that, but no one even asked about it. Interesting! (Also, Pinch Sulzberger wasn't there, naturally. You never know what he might say!) So just what is on the minds of the Times executives these days?