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Arthur Sulzberger, Jr. Names Son “A.G” as New Publisher of the NYT

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The family-run New York Times Company is finally passing down the reins to the next generation. This long-awaited moment was revealed in an announcement by the company on Thursday, December 14, when Arthur Sulzberger Jr. made his son, Arthur Gregg, known as A.G. to his friends, the new publisher at The New York Times news organization.

Since 1992, Sulzberger Jr., now 66-years-old, has been the news outlet’s publisher. At the end of the month, which is also the end of 2017, Sulzberger Jr. will retire from active operations, but maintain his position as chairman of the board of directors of the New York Times Company.

On January 1, 2018, the 37-year-old A.G., will officially takeover as publisher of The Times.

Last year, A.G. was dubbed deputy publisher, which put him in position to eventually take the lead. Two of his cousins, Sam Dolnick and David Perpich, were also possible candidates for the position. A.G. will mark the family’s fifth generation to run the paper since 1896 when it was bought by his great-great grandfather Adolph Ochs.

The Sulzberger family maintains voting power over the company by controlling a special class of stock, even though the holding company, The New York Times Co., which owns the paper is traded publicly. But a special class of stock controlled by the gives it voting control over the company.

In a recent memo to employees, A.G. said, “Our newsroom has seen more change in the last four years than in any period in modern history, as we’ve embraced our digital evolution and transformed ourselves for the road ahead.” He emphasized in the memo that all these changes they have made are “paying off.”

A.G. wrote that the news outlet has 1,450 journalists, “which is roughly as many as we’ve ever had. That figure — at a moment when so many other news organizations are scaling back their ambitions — is itself a sign that all of our hard work is paying off. None of this is easy and there is much more hard work ahead. But the unprecedented creativity, reach and impact of our journalism today is a reminder of all the opportunity before us as we embrace the need to evolve. We can’t rest, but we can celebrate how far we’ve come.”

On Thursday, the transition was praised by the older Sulzberger in a press release. He said, “A.G. embodies the values and mission of The Times. He has proven himself to be a powerful force for change, deeply dedicated to moving the company forward as the pace of transformation in our business continues to speed up. I am completely confident that he–and his cousins who are working alongside him–will dedicate themselves to preserving the excellence at The Times that my family has been committed to for over 120 years.”

By Rachel Shapiro

 

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