The New York Times (The New York Times, abbreviated as NYT ) is a daily newspaper published in New York, USA. It is distributed all over the world and has considerable influence. It is the representative of serious American newspapers. Because of its classical and serious style, it is sometimes nicknamed “The Gray Lady” (The Gray Lady).
And ” Wall Street Journal ” flagship newspaper of the conservative position corresponding to the “New York Times” is the first major American liberal newspaper, which was originally called the “New York Daily Times” (The New-York Daily Times ), founder of Henry J. Raymond and George Jones.
The history of The New York Times:
In 1851, Henry J. Raymond and George Jones analyzed the situation in the New York newspaper industry and found that the three penny newspapers, “New York Sun,” “New York Herald,” and “New York Tribune,” Both were successful, but the news in “The Sun” and “Herald” was too stimulating, and the “Tribune” was too extreme. So he decided to create a pure and peaceful newspaper to break the colorful news reporting that prevailed in New York at that time.
On September 18, 1851, the “New York Daily Times” was launched.
In 1896, Adolf Oaks borrowed 75,000 yuan to purchase the bankrupt Times. At that time, the circulation was about 9,000 copies, the debt was 300,000, and the weekly loss was more than 2,500 US dollars. When Oaks took over the New York Times, he established the news reporting principles of the Times: “Strive to be truthful, fearless, unbiased, regardless of party, region, or any special interests.”
He dared to add and expand the edition, and he did not hesitate to invest in news reports, and he greatly increased the content of international news that was quite rare at the time. Under his leadership, the “New York Times” has gained international recognition and reputation. Although the Spanish-American War made pornographic news popular at that time, the circulation of the Times still reached more than 82,000 copies. Two years later, the sales of the New York Times exceeded the 100,000 mark. In 1897, he proposed the motto of the “New York Times”: “All news worth printing”. This motto is recognized as a challenge to the “yellow press.” Oaks asked to publish a serious, solemn, and well-educated newspaper for the New York elite, and also put forward a loud slogan for pornographic news: “The newspaper should not stain people’s breakfast napkins.”
One month after Oaks died in May 1935, his son-in-law Salzberg took over the stamp of the publisher of the Times. Salzberg led The Times through the crisis of the Great Depression and the difficult years of World War II. During his more than 20 years in office, The Times’ news coverage was further expanded, advertising revenue doubled, and technical equipment was greatly updated. .
In the 1960s, the New York Times participated in the exposure of “Pentagon Documents.”
The fourth-generation publisher of The New York Times is Salisberg’s only son, Arthur Oates Salisberg, known as the “Peng District”. He worked hard to select outstanding editors such as Meissen and Rosenthal, Manage talents, introduce advanced technology, and develop diversified operations. In the 30 years of Peng Qu’s tenure, the Times came out of the dilemma of collapse and accumulated a solid material foundation. In 1963, the total revenue of the Times was 100 million U.S. dollars. By 1991, the revenue of the Times Headquarters had reached 1.7 billion U.S. dollars. In the process, the “New York Times” also completed the transition from family operation to market operation.
In 1992, after years of training, Peng District passed the Times publisher’s seal to his son. This is the head of the “New York Times” today-Arthur Oates Salisberg Jr.. Young Arthur chased profits more than his parents. He tried to promote the popularization of the “New York Times” and make it acceptable to all kinds of people. Therefore, the involvement of “sensational news” caused the “Times” to lose public trust.
In December 2008, affected by the subprime mortgage storm and the extended global economic recession, turnover problems occurred and the headquarters building was mortgaged. On January 20, 2009, he borrowed 250 million yuan from Mexican rich man and telecom giant Carlos Slim Helu. On March 9, the shares of the new building were sold for 225 million yuan (sale-leaseback agreement). Reserve the right to buy it back for 250 million before 2019.
In March 2011, a new “paywall” business model was introduced.
On August 14, 2012, the former president of the British Broadcasting Corporation (BBC) Mark Thompson (Mark Thompson) was appointed as the new CEO of The New York Times.