Monday, May 28, 2012

The New York Times?s Arthur Sulzberger Jr. And The Demise Of Janet Robinson

New York Magazine:

As the paper's stock price has declined in recent years, there has been increasing unease among the Ochs-Sulzberger clan, who control the paper through a special class of shares. Three years ago, facing huge debt problems, the company suspended the lucrative stock dividend that once flowed quarterly to the family's 40-plus members, intensifying the need to solve the intractable advertising problems of the newspaper in the digital age and figure out a way to turn the family's cash spigot back on. Janet Robinson, the company's advertising brains, found herself caught between her increasingly remote boss and a frustrated family ?worried over the future of its 116-year-old fortune.

Read the whole story at New York Magazine

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