Acquired The New York Times Company
125 snips
Feb 18, 2021 Delve into the extraordinary rise, fall, and resurgence of The New York Times over 170 years. Discover how it navigated the challenges of the digital age, turning potential disaster into significant subscriber growth. Explore the evolution from print dominance to a thriving digital powerhouse, including innovative strategies and a commitment to quality journalism. Uncover the pivotal role of key figures like Adolph Ochs in its revival and reflect on the enduring value of journalism in modern society.
AI Snips
Chapters
Books
Transcript
Episode notes
Times' Founding and Early Days
- The New York Times was founded in 1851 by Henry Jarvis Raymond and George Jones during a media boom.
- Raymond, a journalist and politician, co-founded the Republican Party and defended the Times building during the Civil War draft riots.
Newspaper Structure
- Newspapers have two main components: content (editorial) and publishing (business).
- The publisher manages the business side, while the content side maintains editorial independence.
Adolph Ochs's Acquisition
- After a succession crisis and bankruptcy, Adolph Ochs, a newspaper man from Chattanooga, acquired the Times in 1896.
- Ochs turned around the struggling Chattanooga Times by buying it with a small down payment and a seller's note.
