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- The company was forced to borrow US$250 million (equivalent to $353,786,707.88 in 2023) from Mexican billionaire Carlos Slim and fired over one hundred employees by 2010. nytimes.com's coverage of the Eliot Spitzer prostitution scandal, resulting in the resignation of then-New York governor Eliot Spitzer, furthered the legitimacy of the website as a journalistic medium.
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On January 20, 2009, The New York Times reported that its parent company, the New York Times Company, had reached an agreement to borrow $250 million from Mexican billionaire Carlos Slim, "to help the newspaper company finance its businesses". The New York Times Company later repaid that loan ahead of schedule.
The New York Times is owned by The New York Times Company, a publicly traded company. The New York Times Company, in addition to the Times , owns Wirecutter , The Athletic , The New York Times Cooking, and The New York Times Games, and acquired Serial Productions and Audm.
The New York Times Company was forced to borrow US$250 million (equivalent to $353,786,707.88 in 2023) from Mexican billionaire Carlos Slim. The Atlantic writer Michael Hirschorn suggested that The New York Times could go out of business by May 2009. By December, the Times was worth US$1 billion (equivalent to $1,420,195,439.74 in 2023).
In April 2016, two black female employees in their sixties filed a federal class-action lawsuit against The New York Times Company executives; they claimed age, gender, and racial discrimination, alleging that the 'Times advertising department favored younger white employees over older black employees in making firing and promotion decisions.
1851: The New York Daily Times is founded by Henry Jarvis Raymond and George Jones, with the first issue appearing on September 18. 1857: The newspaper changes its name to the New York Times. 1869: Upon Henry Jarvis Raymond's death, George Jones assumes control of the newspaper. 1896: With the newspaper close to bankruptcy, a group of Wall ...
In 2013, the company sold The Boston Globe and other media properties to John W. Henry, the main owner of the Boston Red Sox. They bought The Wirecutter in October 2016 for a $30 million. In February 2022, the New York Times Company bought The Athletic, a sports news website, for $550 million.
The New York Times is a newspaper published in New York City and distributed internationally. It is owned by The New York Times Company, which publishes 15 other newspapers, including the International Herald Tribune and the Boston Globe.
