this article may rely excessively on sources too closely associated with the subject potentially preventing the article from being verifiable and neutral . please help improve it by replacing them with more appropriate citations to reliable independent third party sources . february 2016 learn how and when to remove this template message coordinates 40 45 22 n 73 59 25 w 40.75611 n 73.99028 w 40.75611 ; 73.99028 the new york times company type public traded as nyse nyt industry newspapers founded september 18 1851 ; 165 years ago 1851 09 18 founder henry jarvis raymond headquarters the new york times building manhattan new york united states key people arthur ochs sulzberger jr. chairman michael golden vice chairman mark thompson president and ceo products the new york times international new york times several other u.s. media properties revenue us 1.588 billion 2014 1 operating income us 91.948 million 2014 1 net income us 33.307 million 2014 1 total assets us 2.566 billion 2014 2 us 2.572 billion 2013 2 total equity us 728.349 million 2014 1 owner carlos slim 17 % 3 number of employees 3 588 december 2014 1 website www.nytco.com the new york times company is an american media company which publishes its namesake the new york times . arthur ochs sulzberger jr. has served as chairman since 1997 . 4 5 it is headquartered in manhattan new york . 6 contents 1 history 2 company holdings 3 company stock profile 4 board of directors 5 community awards 6 see also 7 notes 8 external links history edit the company was founded by henry jarvis raymond and george jones in new york city . the first edition of the newspaper the new york times published on september 18 1851 stated we publish today the first issue of the new york daily times and we intend to issue it every morning sundays excepted for an indefinite number of years to come . 7 the company moved into the cable channel industry purchasing a 40 % interest in the popcorn channel a theatrical movie preview and local movie times in november 1994 . 8 the new york times building the company completed its purchase of the washington post s 50 percent interest in the international herald tribune iht for us 65 million on january 1 2003 becoming the sole owner . 9 on march 18 2005 the company acquired about.com an online provider of consumer information for us 410 million . in 2005 the company reported revenues of us 3.4 billion to its investors . citation needed the times on august 25 2006 acquired baseline studiosystems an online database and research service on the film and television industries for us 35 million . 10 the company announced on september 12 2006 its decision to sell its broadcast media group consisting of nine network affiliated television stations their related web sites and the digital operating center 11 the new york times reported on january 4 2007 that the company had reached an agreement to sell all nine local television stations to the private equity firm oak hill capital partners which then created a holding company for the stations local tv llc . 12 13 the company announced that it had finalized the sale of its broadcast media group on may 7 2007 for approximately 575 million . 13 the company moved from 229 west 43rd street to the new york times building at 620 eighth avenue on the west side of times square between 40th and 41st streets across from the port authority of new york & new jersey bus terminal . 14 on july 14 2009 the company announced that wqxr was to be sold to wnyc which moved the station to 105.9 fm and began to operate the station as non commercial on october 8 2009 . this us 45 million transaction which involved univision radio s wcaa moving to the 96.3 fm frequency from 105.9 fm ended the times 65 year long ownership of the station . 15 on december 27 2011 the boston globe reported that the company would sell its regional media group to halifax media holdings llc owners of the daytona beach news journal for 143 million . the boston globe and the telegram & gazette of worcester were not part of the sale . 16 in 2011 the times sold baseline studiosystems back to its original owners laurie s. silvers and mitchell rubenstein majority shareholders of project hollywood llc . 10 facing falling revenue from print advertising in its flagship publication in 2011 the new york times the company introduced a paywall to its website . as of 2012 it has been modestly successful garnering several hundred thousand subscriptions and about 100 million in annual revenue . 17 in 2013 the new york times company sold the boston globe and other new england media properties to john w. henry the principal owner of the boston red sox . according to the times company the move was made in order to focus more on its core brands . 18 19 company holdings edit main article list of assets owned by the new york times company alongside its namesake newspaper the company also owns the international new york times and their related digital properties including nytimes.com . 20 company stock profile edit since 1967 the company has been listed on the new york stock exchange under the symbol nyt . of the two categories of stock class a and class b the former is publicly traded and the latter is held privately largely nearly 90 % by the descendants of adolph ochs who purchased the new york times newspaper in 1896 . in 2015 mexican billionaire carlos slim became the top new york times stockholder 21 with a 17 % ownership of the company valued at 300 million . 22 board of directors edit at the april 2005 board meeting class b shareholders elected nine of the fourteen directors of the company . 23 community awards edit 2008 i love my librarian award recipients linda allen and margaret gigi lincoln talk with janet robinson in the new york times building . the company sponsors a series of national and local awards designed to highlight the achievements of individuals and organizations in different realms . in 2007 it inaugurated its first nonprofit excellence award awarded to four organizations for the excellence of their management practices . only nonprofits in new york city long island or westchester were eligible . 24 jointly with the carnegie corporation of new york and the american library association the new york times company sponsors an award to honor librarians for service to their communities . the i love my librarian award was given to ten recipients in december 2008 and presented by the new york times company president and ceo janet l. robinson carnegie corporation president vartan gregorian and jim rettig president of the american library association . 25 in may 2009 the company launched the new york times outstanding playwright award to honor an american playwright who had recently had his or her professional debut in new york . citation needed the first winner was tarell alvin mccraney for his play the brothers size . citation needed in 2010 dan lefranc won for his play sixty miles to silver lake . citation needed see also edit companies portal journalism portal new york city portal list of companies based in new york city notes edit a b c d e 1 the new york times company february 24 2015 a b new york times co 2014 annual report form 10 k xbrl . the new york times company . february 24 2015 . http www.forbes.com sites katevinton 2016 06 01 these 15 billionaires own americas news media companies 3256b4ab30b4 the new york times may 10 2008 . times publisher and his wife separate . the new york times . retrieved february 2 2009 . arthur sulzberger jr. biography contact us . the new york times company . retrieved august 28 2009 . timeline . the new york times company . retrieved september 29 2008 . november 28 1994 . the new york times co. has decided to enter the cable network business by taking a 40 % stake in the soon to be launched popcorn channel . brief article . broadcasting & cable . newbay media llc . 1994 . retrieved april 27 2015 from highbeam research . kirkpatrick david d. january 2 2003 . international herald tribune now run solely by the times . the new york times . retrieved august 29 2008 . the international herald tribune descendant of an american paper first published in paris in 1887 is appearing today for the first time under the sole ownership and management of the new york times company . the takeover ends an anomalous 35 year partnership between the times and its domestic competitor the washington post that produced a journalistic hybrid consisting mainly of articles and editorials from both papers compiled by editors in paris . in october the times reached an agreement to buy the post s 50 percent stake in the venture for about 70 million in part the post said by threatening to start a rival paper overseas . a b ny times sells tv movie database baseline . deadline.com . october 7 2011 . the new york times company announces plan to sell its broadcast media group press release . the new york times company . september 12 2006 . retrieved july 23 2008 . story louise january 4 2007 . new york times to sell 9 local tv stations . the new york times . retrieved august 23 2008 . a b the new york times company reports april revenues press release . the new york times company . may 17 2007 . retrieved august 23 2008 . on may 7 2007 the company sold the broadcast media group consisting of nine network affiliated television stations their related web sites and the digital operating center for approximately 575 million . the new york times company enters the 21st century with a new technologically advanced and environmentally sensitive headquarters pdf press release . the new york times company . november 19 2007 . retrieved august 23 2008 . bensinger greg july 14 2009 . new york times to get 45 million for radio station . bloomberg news . retrieved july 18 2009 . staff wire reports december 27 2011 . new york times agrees to sell regional news group . the boston globe . retrieved december 30 2011 . sass erik march 12 2012 . nyt pay wall could bring 100m annually . media daily news . retrieved march 13 2012 . christine haughney august 3 2013 . new york times company sells boston globe . the new york times . retrieved 4 august 2013 . red sox principal owner to buy boston globe newspaper . the wall street journal . august 3 2013 . retrieved august 5 2013 . business units . the new york times company . retrieved august 29 2008 . the new york times company a leading media company with 2007 revenues of 3.2 billion includes the new york times the international herald tribune the boston globe 16 other daily newspapers wqxr fm and more than 50 web sites including nytimes.com boston.com and about.com . the company s core purpose is to enhance society by creating collecting and distributing high quality news information and entertainment . http www.reuters.com article 2015 01 14 us new york times warrants carlos slim iduskbn0kn2m820150114 stiles andrew 27 may 2016 . new york times is very concerned about billionaire media investors but not their billionaire investor . heatstreet . dow jones & company inc. retrieved 29 may 2016 . slim doubled his stake in the times to 16.8 percent last year after exercising options tied to a 250 million loan he gave the company that helped it survive the financial downturn in 2009 . his current stake