207-580: Simon & Schuster LLC ( / ˈ ʃ uː s t ər / , SHOO -stər ) is an American publishing house owned by Kohlberg Kravis Roberts since 2023. It was founded in New York City in 1924, by Richard L. Simon and M. Lincoln Schuster . Along with Penguin Random House , Hachette , HarperCollins and Macmillan Publishers , Simon & Schuster is considered one of the 'Big Five' English language publishers. As of 2017, Simon & Schuster
414-533: A New York University professor to determine that dropping the period saved the paper US$ 41.28 (equivalent to $ 377.21 in 2023). As of December 2023, The New York Times has printed sixty thousand issues, a statistic represented in the paper's masthead to the right of the volume number, the Times ' s years in publication written in Roman numerals . The volume and issues are separated by four dots representing
621-469: A reverse takeover of its listed affiliate KKR Private Equity Investors in exchange for a 21% interest in the firm. In November 2008, KKR announced a delay of this transaction until 2009. Shares of KPE had declined significantly in the second half of 2008 with the onset of the credit crunch . KKR announced that it expected to close the transaction in 2009. In October 2009, KKR listed shares in KKR & Co. on
828-409: A "hammer headline" reading, "Biden Beats Trump", in all caps and bolded. A dozen journalists discussed several potential headlines, such as "It's Biden" or "Biden's Moment", and prepared for a Donald Trump victory, in which they would use "Trump Prevails". During Trump's first impeachment , the Times drafted the hammer headline, "Trump Impeached". The New York Times altered the ligatures between
1035-519: A "sign of civility". The Times ' s use of courtesy titles led to an apocryphal rumor that the paper had referred to singer Meat Loaf as "Mr. Loaf". Several exceptions have been made; the former sports section and The New York Times Book Review do not use honorifics. A leaked memo following the killing of Osama bin Laden in May 2011 revealed that editors were given a last-minute instruction to omit
1242-629: A $ 17 billion ($ 75 per share) management buyout of the company with the financial backing of investment bank Shearson Lehman Hutton and its parent company, American Express . Several days later, Kravis, who had originally suggested the idea of the buyout to Johnson, presented a new bid for $ 20.3 billion ($ 90 per share) financed with an aggressive debt package. KKR had the support of equity co-investments from pension funds and other institutional investors , including Coca-Cola , Georgia-Pacific and United Technologies corporate pension funds, as well as endowments from MIT , Harvard and
1449-602: A $ 638 million block of stock. While KKR no longer had any ownership of RJR Nabisco by 1995, its original investment would not be fully realized until KKR exited its last investment in 2004. After sixteen years of efforts, including contributing new equity, taking RJR public, asset sales, and exchanging shares of RJR for the ownership of Borden, Inc. , KKR finally sold the last remnants of its 1989 investment. In July 2004, KKR agreed to sell its stock in Borden Chemical to Apollo Management for $ 1.2 billion. In
1656-457: A 2016 interview with Bloomberg, founder Henry Kravis described KKR in terms of three broad buckets: private markets, public markets, and capital markets. While running the corporate finance department for Bear Stearns in the 1960s and 1970s, Jerome Kohlberg , and later Henry Kravis and George Roberts , completed a series of what they described as "bootstrap" investments. They targeted family-owned businesses, many of which had been founded in
1863-464: A 43.54% stake. In August 2019, KKR also acquired a majority stake in German payment service provider to the e-commerce industry Heidelpay from AnaCap Financial Partners for more than €600 million. In December 2019, KKR, together with Alberta Investment Management Corporation , acquired a 65% stake in the controversial Coastal GasLink Pipeline project from TC Energy . The pipeline route crosses
2070-499: A Canadian income trust . In 2004 a consortium comprising KKR, Bain Capital and real estate development company Vornado Realty Trust announced the $ 6.6 billion acquisition of Toys "R" Us , the toy retailer. A month earlier, Cerberus Capital Management made a $ 5.5 billion offer for both the toy and baby supplies businesses. The Toys "R" Us buyout was one of the largest in several years. Following this transaction, by
2277-421: A column, often six words. Additionally, headlines must "break" properly, containing a complete thought on each line without splitting up prepositions and adverbs. Writers may edit a headline to fit an article more aptly if further developments occur. The Times uses A/B testing for articles on the front page, placing two headlines against each other. At the end of the test, the headlines that receives more traffic
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#17327752773102484-626: A compendium of recipes from The New York Times . The Innovation Report in 2014 revealed that the Times had attempted to establish a cooking website since 1998, but faced difficulties with the absence of a defined data structure. In September 2014, The New York Times introduced NYT Cooking, an application and website. Edited by food editor Sam Sifton , the Times ' s cooking website features 21,000 recipes as of 2022. NYT Cooking features videos as part of an effort by Sifton to hire two former Tasty employees from BuzzFeed . In August 2023, NYT Cooking added personalized recommendations through
2691-421: A controlling interest in the company. In 1935, Ochs was succeeded by his son-in-law, Arthur Hays Sulzberger , who began a push into European news. Sulzberger's son-in-law Arthur Ochs became publisher in 1963, adapting to a changing newspaper industry and introducing radical changes. The New York Times was involved in the landmark 1964 U.S. Supreme Court case New York Times Co. v. Sullivan , which restricted
2898-626: A copyreader who had pleaded the Fifth Amendment drew ire from within the Times and from external organizations. In April 1961, Sulzberger resigned, appointing his son-in-law, The New York Times Company president Orvil Dryfoos . Under Dryfoos, The New York Times established a newspaper based in Los Angeles . In 1962, the implementation of automated printing presses in response to increasing costs mounted fears over technological unemployment . The New York Typographical Union staged
3105-602: A cover for its criticism and New York wrote that the Times was engaging in "middle-class self-absorption". The New York Times , the Daily News , and the New York Post were the subject of a strike in 1978, allowing emerging newspapers to leverage halted coverage. The Times deliberately avoided coverage of the AIDS epidemic , running its first front-page article in May 1983. Max Frankel 's editorial coverage of
3312-405: A federal judge approved a settlement of the antitrust claims, in which Simon & Schuster and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing. In 2014, Simon & Schuster signed a partnership deal with Amazon over ebooks and also launched a new speculative fiction imprint. On October 21, 2014, Simon & Schuster signed
3519-632: A final bid of $ 112, a figure they felt certain would enable them to outflank any response by Kravis and KKR. KKR's final bid of $ 109, while a lower dollar figure, was ultimately accepted by the board of directors of RJR Nabisco. KKR's offer was guaranteed, whereas the management offer lacked a "reset", meaning that the final share price might have been lower than their stated $ 112 per share. Additionally, many in RJR's board of directors had grown concerned at recent disclosures of Ross Johnson's unprecedented golden parachute deal. Time magazine featured Johnson on
3726-662: A financial newsletter edited by Andrew Ross Sorkin . The Times had intended to publish the newsletter in September, but delayed its debut following the September 11 attacks . A website for DealBook was established in March 2006. The New York Times began shifting towards DealBook as part of the newspaper's financial coverage in November 2010 with a renewed website and a presence in the Times ' s print edition. In 2011,
3933-462: A group of divisions that it could sell to reduce debt. Over the coming years, RJR would pursue a number of additional restructurings, equity injections, and public offerings of stock to provide the company with added financial flexibility. KKR contributed $ 1.7 billion of new equity into RJR in July 1990 to complete a restructuring of the company's balance sheet. KKR's equity contribution as part of
4140-403: A half hours in 1981 and in 2017, when copy editors and reporters walked out at lunchtime in response to the elimination of the copy desk. On December 7, 2022, the union held a one-day strike, the first interruption to The New York Times since 1978. The New York Times Guild reached an agreement in May 2023 to increase minimum salaries for employees and a retroactive bonus. The Times Tech Guild
4347-519: A heart attack; six years later, Max Schuster retired and sold his half of Simon & Schuster to Leon Shimkin. Shimkin then merged Simon & Schuster with Pocket Books under the name of Simon & Schuster. In 1968, editor-in-chief Robert Gottlieb , who worked at Simon & Schuster since 1955 and edited several bestsellers including Joseph Heller 's Catch-22 , left abruptly to work at competitor Knopf , taking other influential S&S employees, Nina Bourne , and Tony Schulte. Simon & Schuster
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#17327752773104554-502: A line on a preposition, article, or adjective, and chiefly, not to pun. The New York Times Manual of Style and Usage states that wordplay, such as "Rubber Industry Bounces Back", is to be tested on a colleague as a canary is to be tested in a coal mine ; "when no song bursts forth, start rewriting". The New York Times has amended headlines due to controversy. In 2019, following two back-to-back mass shootings in El Paso and Dayton ,
4761-528: A line. The term dates back to August 8, 1959, when it was revealed that the United States was monitoring Soviet missile firings and when Explorer 6 — shaped like a paddle wheel — launched. Since then, the paddle wheel has been used several times, including on January 21, 1981, when Ronald Reagan was sworn in minutes before Iran released fifty-two American hostages, ending the Iran hostage crisis . At
4968-599: A live election system using the Associated Press 's File Transfer Protocol (FTP) service and a Ruby on Rails application; nytimes.com experienced its largest traffic on Super Tuesday and the day after. The NYTimes application debuted with the introduction of the App Store on July 10, 2008. Engadget ' s Scott McNulty wrote critically of the app, negatively comparing it to The New York Times ' s mobile website. An iPad version with select articles
5175-565: A management imbroglio in which his children had insufficient business acumen to inherit the company and his will prevented an acquisition of the Times . Editor-in-chief Charles Ransom Miller , editorial editor Edward Cary, and correspondent George F. Spinney established a company to manage The New-York Times , but faced financial difficulties during the Panic of 1893 . In August 1896, Chattanooga Times publisher Adolph Ochs acquired The New-York Times , implementing significant alterations to
5382-416: A multi-book and co-publishing deal with Glenn Beck which fell over many of its imprints and included adult non-fiction, fiction, children, and YA literature as well as e-book and audiobook originals. As part of CBS, Simon & Schuster has been the primary publisher for books related to various media franchises owned by and/or aired on CBS such as CSI . The company has also held a license to publish books in
5589-428: A multi-year partnership deal with Amazon.com in negotiations concerning the price of e-books. Simon & Schuster also launched a new science fiction imprint called Simon451 that would publish titles across science fiction and fantasy with an emphasis on ebooks and online communities. The name of the imprint was inspired by Ray Bradbury 's book Fahrenheit 451 (the temperature at which books burn). Bradbury's classic
5796-399: A new $ 17.6 billion fund, the KKR 2006 Fund, with which the firm began executing a series of some of the largest buyouts in history. KKR's $ 44 billion takeover of Texas-based power utility TXU in 2007 proved to be the largest leveraged buyout of the mid-2000s buyout boom and the largest buyout completed to date. Among the most notable companies acquired by KKR in 2006 and 2007 were
6003-480: A new literary fiction imprint under Gallery Books Group. They also launched North Star Way, a platform-based program to provide authors with services beyond publishing including brand management, online courses, sponsorship, and business partnerships. Also as of 2016, Simon & Schuster had more than 18k e-books available for sale and signed a deal to distribute Start Publishing LLC, a catalog of 7,000 e-book titles. In 2019, CBS and Viacom reunited to form ViacomCBS. As
6210-430: A paywall in March 2011. Abramson succeeded Keller, continuing her characteristic investigations into corporate and government malfeasance into the Times ' s coverage. Following conflicts with newly appointed chief executive Mark Thompson 's ambitions, Abramson was dismissed by Sulzberger Jr., who named Dean Baquet as her replacement. Leading up to the 2016 presidential election , The New York Times elevated
6417-488: A period. With the change to The New-York Times on September 14, 1857, the nameplate followed. Under George Jones , the terminals of the "N", "r", and "s" were intentionally exaggerated into swashes. The nameplate in the January 15, 1894, issue trimmed the terminals once more, smoothed the edges, and turned the stem supporting the "T" into an ornament. The hyphen was dropped on December 1, 1896, after Adolph Ochs purchased
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6624-450: A platform to buy media properties, initially completing the $ 310 million divisional buyout of the book club division of Macmillan along with the assets of Intertec Publishing Corporation in May 1989. During the early 1990s, K-III continued acquiring publishing assets, including a $ 650 million acquisition from News Corporation in 1991. K-III went public, however instead of cashing out, KKR continued to make new investments in
6831-821: A politically charged response to economic policy", citing its informal and neutral tone. The Upshot developed "the needle" for the 2016 presidential election and 2020 presidential elections , a thermometer dial displaying the probability of a candidate winning. In January 2016, Cox was named editor of The Upshot . Kevin Quealy was named editor in June 2022. According to an internal readership poll conducted by The New York Times in 2019, eighty-four percent of readers identified as liberal. In February 1942, The New York Times crossword debuted in The New York Times Magazine ; according to Richard Shepard,
7038-448: A profit of $ 16 billion in the Q2 for 2020. The New York Times The New York Times ( NYT ) is an American daily newspaper based in New York City . The New York Times covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the Times serves as one of
7245-430: A profit. The firm's acquisitions during the 1980s buyout boom include: At age 61, Kohlberg resigned in 1987 (he later founded his own private equity firm, Kohlberg & Co. ), and Henry Kravis succeeded him as senior partner. Under Kravis and Roberts, the firm was responsible for the 1988 leveraged buyout of RJR Nabisco . RJR Nabisco was the largest buyout in history at that time, at $ 25 billion, and remained
7452-454: A result, Simon & Schuster became part of the newly formed ViacomCBS. Since February 15, 2022, ViacomCBS is known as Paramount Global . In March 2020, ViacomCBS CEO Bob Bakish announced the company's intention to sell the Simon & Schuster division, as it "does not have significant connection for our broader business." Bakish expected the sale to close in 2020, a date that was delayed by
7659-433: A revision tracking tool for WordPress and TinyMCE . ICE is integrated within the Times ' s workflow by providing a unified text editor for print and online editors, reducing the divide between print and online operations. By 2017, The New York Times began developing a new authoring tool to its content management system known as Oak, in an attempt to further the Times ' s visual efforts in articles and reduce
7866-426: A risky, precedent-setting ($ 380 million) public-to-private leveraged buyout of a large conglomerate Houdaille Industries , a well-known producer of machine tools, industrial pipes, chrome-plated car bumpers and torsional viscous dampers, which they signed the previous year. It soon ended in a spectacular failure, breakup of the half-a-century-old company and loss of thousands of jobs, even though creditors earned
8073-532: A roll of newsprint and several rollers ensure ink can be printed on paper. The final newspapers are wrapped in plastic and shipped out. As of 2018, the College Point facility accounted for 41 percent of production. Other copies are printed at 26 other publications, such as The Atlanta Journal-Constitution , The Dallas Morning News , The Santa Fe New Mexican , and the Courier Journal . With
8280-438: A second term. Other press stoppages include May 19, 1994, for the death of former first lady Jacqueline Kennedy Onassis , and July 17, 1996, for Trans World Airlines Flight 800 . The 2000 presidential election necessitated two press stoppages. Al Gore appeared to concede on November 8, forcing then-executive editor Joseph Lelyveld to stop the Times ' s presses to print a new headline, "Bush Appears to Defeat Gore", with
8487-459: A single investment in 1990, the first such year since 1982. KKR began to focus primarily on its existing portfolio companies acquired during the buyout boom of the late 1980s. Six of KKR's portfolio companies completed IPOs in 1991, including RJR Nabisco and Duracell . As the new decade began, KKR began restructuring RJR. In January 1990, it completed the sale of RJR's Del Monte Foods to a group led by Merrill Lynch . KKR had originally identified
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8694-688: A small group of investors including the Hillman Company and First Chicago Bank . By 1978, with the revision of the ERISA regulations, the nascent KKR was successful in raising its first institutional fund with over $ 30 million of investor commitments. In 1981, KKR expanded its investor base after the Oregon State Treasury's public pension fund invested in KKR's acquisition of retailer Fred Meyer, Inc. Oregon State remains an active investor in KKR funds. In 1979 KKR completed
8901-462: A software publisher in partnership with Davidson & Associates named Simon & Schuster Interactive. The studio published video games such as Outlaw Golf , Deer Avenger , I.M. Meen , Chill Manor , EVE Online , and games based on Richard Scarry 's characters. S&S Interactive shut down in 2003. In 1998, Viacom sold Simon & Schuster's educational operations (including Prentice Hall, Macmillan, and Jossey-Bass) to Pearson plc ,
9108-486: A story that stated George W. Bush was elected president. However, Gore held off his concession speech over doubts over Florida . Lelyveld reran the headline, "Bush and Gore Vie for an Edge". Since 2000, three printing stoppages have been issued for the death of William Rehnquist on September 3, 2005, for the killing of Osama bin Laden on May 1, 2011, and for the passage of the Marriage Equality Act in
9315-608: A strike in December, altering the media consumption of New Yorkers. The strike left New York with three remaining newspapers — the Times , the Daily News , and the New York Post — by its conclusion in March 1963. In May, Dryfoos died of a heart ailment. Following weeks of ambiguity, Arthur Ochs Sulzberger became The New York Times ' s publisher. Technological advancements leveraged by newspapers such as
9522-658: A subject has expressed a preference, such as Donald Trump . The New York Times maintains a strict but not absolute obscenity policy, including phrases. In a review of the Canadian hardcore punk band Fucked Up , music critic Kelefa Sanneh wrote that the band's name — entirely rendered in asterisks — would not be printed in the Times "unless an American president, or someone similar, says it by mistake"; The New York Times did not repeat then-vice president Dick Cheney 's use of "fuck" against then-senator Patrick Leahy in 2004 or then-vice president Joe Biden 's remarks that
9729-469: A venture started by managing editor Carr Van Anda in 1907. The morgue comprises news clippings, a pictures library, and the Times ' s book and periodicals library. As of 2014, it is the largest library of any media company, dating back to 1851. In November 2018, The New York Times partnered with Google to digitize the Archival Library. Additionally, The New York Times has maintained
9936-509: A virtual microfilm reader known as TimesMachine since 2014. The service launched with archives from 1851 to 1980; in 2016, TimesMachine expanded to include archives from 1981 to 2002. The Times built a pipeline to take in TIFF images, article metadata in XML and an INI file of Cartesian geometry describing the boundaries of the page, and convert it into a PNG of image tiles and JSON containing
10143-504: Is A. G. Sulzberger , Sulzberger Jr.'s son. As of 2023, the Times ' s executive editor is Joseph Kahn and the paper's managing editors are Marc Lacey and Carolyn Ryan , having been appointed in June 2022. The New York Times ' s deputy managing editors are Sam Dolnick , Monica Drake , and Steve Duenes , and the paper's assistant managing editors are Matthew Ericson, Jonathan Galinsky, Hannah Poferl, Sam Sifton , Karron Skog, and Michael Slackman . The New York Times
10350-497: Is Meredith Kopit Levien , the company's former chief operating officer who was appointed in September 2020. As of March 2023, The New York Times Company employs 5,800 individuals, including 1,700 journalists according to deputy managing editor Sam Dolnick . Journalists for The New York Times may not run for public office, provide financial support to political candidates or causes, endorse candidates, or demonstrate public support for causes or movements. Journalists are subject to
10557-717: Is "fundamentally useless", comparing him to Billy Beane , who implemented sabermetrics in baseball. According to Sullivan, his work was criticized by several notable political journalists. The New Republic obtained a memo in November 2013 revealing then-Washington bureau chief David Leonhardt 's ambitions to establish a data-driven newsletter with presidential historian Michael Beschloss , graphic designer Amanda Cox , economist Justin Wolfers , and The New Republic journalist Nate Cohn . By March, Leonhardt had amassed fifteen employees from within The New York Times ;
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#173277527731010764-415: Is also published by Simon & Schuster. Simon & Schuster expanded beyond book publishing in 2015 by offering a new business model and additional services for authors. In 2015, Simon & Schuster announced the creation of a new publishing unit and imprint called North Star Way. The imprint would publish non-fiction titles such as self-improvement, inspirational and mind-body-spirit titles. In addition,
10971-557: Is an American global investment company . As of December 31, 2023 , the firm had completed private equity investments in portfolio companies with approximately $ 710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $ 553 billion and $ 446 billion, respectively. KKR was founded in 1976 by Jerome Kohlberg Jr. , and cousins Henry Kravis and George R. Roberts , all of whom had previously worked together at Bear Stearns , where they completed some of
11178-455: Is chosen. The alteration of a headline regarding intercepted Russian data used in the Mueller special counsel investigation was noted by Trump in a March 2017 interview with Time , in which he claimed that the headline used the word "wiretapped" in the print version of the paper on January 20, while the digital article on January 19 omitted the word. The headline was intentionally changed in
11385-520: Is majority-owned by the Ochs-Sulzberger family through elevated shares in the company's dual-class stock structure held largely in a trust, in effect since the 1950s; as of 2022, the family holds ninety-five percent of The New York Times Company's Class B shares , allowing it to elect seventy percent of the company's board of directors. Class A shareholders have restrictive voting rights. As of 2023, The New York Times Company's chief executive
11592-470: Is owned by The New York Times Company , a publicly traded company. The New York Times Company, in addition to the Times , owns Wirecutter , The Athletic , The New York Times Cooking, and The New York Times Games, and acquired Serial Productions and Audm. The New York Times Company holds undisclosed minority investments in multiple other businesses, and formerly owned The Boston Globe and several radio and television stations. The New York Times Company
11799-454: Is set to make an investment into Indian digital company Jio Platforms . It was reported that KKR was negotiating to buy a $ 1.5bn stake of a maximum value reach of $ 65bn for Jio Platforms. In late June 2020, KKR announced it would lead a $ 48 million funding round for Artlist, a provider of royalty-free music , sound effects and video. Despite the COVID-19 pandemic , the company reported
12006-443: Is the largest technology union with collective bargaining rights in the United States. The guild held a second strike beginning on November 4, 2024, threatening the Times ' s coverage of the 2024 United States presidential election . As of August 2024, The New York Times has 10.8 million subscribers, with 10.2 million online subscribers and 600,000 print subscribers, the second-largest newspaper by print circulation in
12213-622: The Chicago Sun , purchased Simon & Schuster and Pocket Books. The company was sold back to Simon and Schuster following his death in 1957 for $ 1 million. In the 1950s and 1960s, many publishers including Simon & Schuster turned toward educational publishing due to the baby boom market. Pocket Books focused on paperbacks for the educational market instead of textbooks and started the Washington Square Press imprint in 1959. By 1964 it had published over 200 titles and
12420-846: The Detroit Free Press , The Patriot-News , The Arizona Republic , and The Indianapolis Star , The New York Times ran an editorial on its front page on December 5, 2015, following a terrorist attack in San Bernardino, California , in which fourteen people were killed. The editorial advocates for the prohibition of "slightly modified combat rifles" used in the San Bernardino shooting and "certain kinds of ammunition". Conservative figures, including Texas senator Ted Cruz , The Weekly Standard editor Bill Kristol , Fox & Friends co-anchor Steve Doocy , and then- New Jersey governor Chris Christie criticized
12627-653: The Frankfurter Zeitung . The international edition would develop into a separate newspaper . Journalist William L. Laurence publicized the atomic bomb race between the United States and Germany, resulting in the Federal Bureau of Investigation seizing copies of the Times . The United States government recruited Laurence to document the Manhattan Project in April 1945. Laurence became
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#173277527731012834-660: The Los Angeles Times and improvements in coverage from The Washington Post and The Wall Street Journal necessitated adaptations to nascent computing. The New York Times published " Heed Their Rising Voices " in 1960, a full-page advertisement purchased by supporters of Martin Luther King Jr. criticizing law enforcement in Montgomery, Alabama for their response to the civil rights movement . Montgomery Public Safety commissioner L. B. Sullivan sued
13041-589: The Pentagon Papers , facing opposition from then-president Richard Nixon . The Supreme Court ruled in The New York Times ' s favor in New York Times Co. v. United States (1971), allowing the Times and The Washington Post to publish the papers. The New York Times remained cautious in its initial coverage of the Watergate scandal . As Congress began investigating the scandal,
13248-770: The Star Trek franchise under Pocket Books . In 2011, Simon & Schuster signed a number of co-publishing deals. Glenn Beck signed a new co-publishing deal with Simon & Schuster for his own imprint, Mercury Ink . Under Atria, Simon & Schuster also launched a publishing venture with Cash Money Records called Cash Money Content. On April 11, 2012, the United States Department of Justice filed United States v. Apple Inc. , naming Apple , Simon & Schuster, and four other major publishers as defendants. The suit alleged that they conspired to fix prices for e-books , and weaken Amazon.com 's position in
13455-462: The Associated Press . Through managing editor Carr Van Anda , the Times focused on scientific advancements, reporting on Albert Einstein 's then-unknown theory of general relativity and becoming involved in the discovery of the tomb of Tutankhamun . In April 1935, Ochs died, leaving his son-in-law Arthur Hays Sulzberger as publisher. The Great Depression forced Sulzberger to reduce The New York Times ' s operations, and developments in
13662-435: The COVID-19 pandemic . In September 2020, German media group Bertelsmann , which owns Penguin Random House , announced that it was interested in acquiring Simon & Schuster. According to Bertelsmann chief executive and chairman Thomas Rabe , "We've been the most active player on the consolidation of the book publishing market in the last 10 years. We combined Penguin and Random House very successfully to create by far
13869-652: The Euronext exchange, replacing KPE, and anticipated a listing on the New York Stock Exchange in 2010. The public entity represented a 30% interest in Kohlberg Kravis Roberts. In December 2011, Samson Investment Company was acquired by a group of private equity investors led by KKR for approximately $ 7.2 billion and Samson Resources Corporation was formed. With the severe downturn in oil and natural gas prices, in September 2015,
14076-635: The First Amendment guaranteed the right to publish the Pentagon Papers . In the 1980s, the Times began a two-decade progression to digital technology and launched nytimes.com in 1996. In the 21st century, The New York Times has shifted its publication online amid the global decline of newspapers . The Times has expanded to several other publications, including The New York Times Magazine , The New York Times International Edition , and The New York Times Book Review . In addition,
14283-473: The Great Recession , The New York Times suffered significant fiscal difficulties as a consequence of the subprime mortgage crisis and a decline in classified advertising . Exacerbated by Rupert Murdoch 's revitalization of The Wall Street Journal through his acquisition of Dow Jones & Company , The New York Times Company began enacting measures to reduce the newsroom budget. The company
14490-580: The Hillary Clinton email controversy and the Uranium One controversy ; national security correspondent Michael S. Schmidt initially wrote an article in March 2015 stating that Hillary Clinton had used a private email server as secretary of state. Donald Trump 's upset victory contributed to an increase in subscriptions to the Times . The New York Times experienced unprecedented indignation from Trump, who referred to publications such as
14697-626: The Microsoft Word -based content management system CCI for its print content. Scoop was developed in 2008 to serve as a secondary content management system for editors working in CCI to publish their content on the Times ' s website; as part of The New York Times ' s online endeavors, editors now write their content in Scoop and send their work to CCI for print publication. Since its introduction, Scoop has superseded several processes within
14904-546: The New York State Assembly and subsequent signage by then-governor Andrew Cuomo on June 24, 2011. The New York Times website is hosted at nytimes.com. It has undergone several major redesigns and infrastructure developments since its debut. In April 2006, The New York Times redesigned its website with an emphasis on multimedia. In preparation for Super Tuesday in February 2008, the Times developed
15111-507: The New York State Common Retirement Fund . However, KKR faced criticism from existing investors over the firm's use of hostile tactics in the buyout of RJR. KKR proposed to provide a joint offer with Johnson and Shearson Lehman but was rebuffed and Johnson attempted to stonewall KKR's access to financial information from RJR. Rival private equity firm Forstmann Little & Co. was invited into
15318-857: The New York Times Guild . The Times Guild, along with the Times Tech Guild, are represented by the NewsGuild-CWA . In 1940, Arthur Hays Sulzberger was called upon by the National Labor Relations Board amid accusations that he had discouraged Guild membership in the Times . Over the next few years, the Guild would ratify several contracts, expanding to editorial and news staff in 1942 and maintenance workers in 1943. The New York Times Guild has walked out several times in its history, including for six and
15525-556: The Obama administration over its portrayal of terrorism. In presidential elections, The New York Times has endorsed a total of twelve Republican candidates and thirty-two Democratic candidates, and has endorsed the Democrat in every election since 1960. With the exception of Wendell Willkie , Republicans endorsed by the Times have won the presidency. In 2016, the editorial board issued an anti-endorsement against Donald Trump for
15732-835: The Seven Network of Australia. On January 23, 2007, KKR announced it would invest $ 700 million through a PIPE investment in Sun Microsystems . In January 2008, KKR announced it had made a $ 1.25 billion PIPE investment in Legg Mason through a convertible preferred stock offering. In addition to its successful buyout transactions, KKR was involved in the failed buyout of Harman International Industries ( NYSE : HAR ) , an upscale audio equipment maker. On April 26, 2007, Harman announced it had entered an agreement to be acquired by KKR and Goldman Sachs . In September 2007, KKR and Goldman backed out of
15939-523: The Supreme Court deadlocked in United States v. Texas . The New York Times has run editorials from its editorial board on the front page twice. On June 13, 1920, the Times ran an editorial opposing Warren G. Harding , who was nominated during that year's Republican Party presidential primaries . Amid growing acceptance to run editorials on the front pages from publications such as
16146-821: The Times ' s operations further, acquiring WQXR-FM in 1944 — the first non- Times investment since the Jones era — and established a fashion show in Times Hall. Despite reductions as a result of conscription, The New York Times retained the largest journalism staff of any newspaper. The Times ' s print edition became available internationally during the war through the Army & Air Force Exchange Service ; The New York Times Overseas Weekly later became available in Japan through The Asahi Shimbun and in Germany through
16353-684: The Times as " enemies of the people " at the Conservative Political Action Conference and tweeting his disdain for the newspaper and CNN . In October 2017, The New York Times published an article by journalists Jodi Kantor and Megan Twohey alleging that dozens of women had accused film producer and The Weinstein Company co-chairman Harvey Weinstein of sexual misconduct. The investigation resulted in Weinstein's resignation and conviction, precipitated
16560-857: The Times began hosting the DealBook Summit, an annual conference hosted by Sorkin. During the COVID-19 pandemic , The New York Times hosted the DealBook Online Summit in 2020 and 2021. The 2022 DealBook Summit featured — among other speakers — former vice president Mike Pence and Israeli prime minister Benjamin Netanyahu , culminating in an interview with former FTX chief executive Sam Bankman-Fried ; FTX had filed for bankruptcy several weeks prior. The 2023 DealBook Summit's speakers included vice president Kamala Harris , Israeli president Isaac Herzog , and businessman Elon Musk . In June 2010, The New York Times licensed
16767-675: The Times for defamation. In New York Times Co. v. Sullivan (1964), the U.S. Supreme Court ruled that the verdict in Alabama county court and the Supreme Court of Alabama violated the First Amendment . The decision is considered to be landmark . After financial losses, The New York Times ended its international edition , acquiring a stake in the Paris Herald Tribune , forming the International Herald Tribune . The Times initially published
16974-716: The Times furthered its coverage, publishing details on the Huston Plan , alleged wiretapping of reporters and officials, and testimony from James W. McCord Jr. that the Committee for the Re-Election of the President paid the conspirators off. The exodus of readers to suburban New York newspapers, such as Newsday and Gannett papers, adversely affected The New York Times ' s circulation. Contemporary newspapers balked at additional sections; Time devoted
17181-966: The Times over its coverage of missing explosives from the Al Qa'qaa weapons facility. An article in December 2005 disclosing warrantless surveillance by the National Security Agency contributed to further criticism from the George W. Bush administration and the Senate 's refusal to renew the Patriot Act . In the Plame affair , a Central Intelligence Agency inquiry found that Miller had become aware of Valerie Plame 's identity through then-vice president Dick Cheney 's chief of staff Scooter Libby , resulting in Miller's resignation. During
17388-415: The Times used the headline, "Trump Urges Unity vs. Racism", to describe then-president Donald Trump 's words after the shootings. After criticism from FiveThirtyEight founder Nate Silver , the headline was changed to, "Assailing Hate But Not Guns". Online, The New York Times ' s headlines do not face the same length restrictions as headlines that appear in print; print headlines must fit within
17595-459: The Times would expand its delivery options to US$ 95 cooking kits curated by chefs such as Nina Compton , Chintan Pandya, and Naoko Takei Moore. That month, the staff of NYT Cooking went on tour with Compton, Pandya, and Moore in Los Angeles, New Orleans , and New York City, culminating in a food festival. In addition, The New York Times offered its own wine club originally operated by
17802-432: The Times , including print edition planning and collaboration, and features tools such as multimedia integration, notifications, content tagging, and drafts. The New York Times uses private articles for high-profile opinion pieces, such as those written by Russian president Vladimir Putin and actress Angelina Jolie , and for high-level investigations. In January 2012, the Times released Integrated Content Editor (ICE),
18009-595: The Times . Talk radio host Erick Erickson acquired an issue of The New York Times to fire several rounds into the paper, posting a picture online. Since 1997, The New York Times ' s primary distribution center is located in College Point, Queens . The facility is 300,000 sq ft (28,000 m ) and employs 170 people as of 2017. The College Point distribution center prints 300,000 to 800,000 newspapers daily. On most occasions, presses start before 11 p.m. and finish before 3 a.m. A robotic crane grabs
18216-483: The Times ; Sulzberger, who negotiated The New York Times Company's acquisition of The Boston Globe in 1993, derided the Internet, while his son expressed antithetical views. @times appeared on America Online 's website in May 1994 as an extension of The New York Times , featuring news articles, film reviews, sports news, and business articles. Despite opposition, several employees of the Times had begun to access
18423-506: The United States Department of Justice filed a civil antitrust lawsuit to block Penguin Random House's proposed acquisition of Simon & Schuster. The lawsuit argues that the acquisition would create a publisher with too much influence over books and author payments. A federal judge sided with the plaintiff, leading Paramount to nullify the deal in November 2022. In 2022, Simon & Schuster employee Filippo Bernardini
18630-506: The Weinstein effect , and served as a catalyst for the #MeToo movement . The New York Times Company vacated the public editor position and eliminated the copy desk in November. Sulzberger Jr. announced his resignation in December 2017, appointing his son, A. G. Sulzberger , as publisher. Trump's relationship — equally diplomatic and negative — marked Sulzberger's tenure. In September 2018, The New York Times published " I Am Part of
18837-505: The attack on Pearl Harbor in December 1941 convinced then-publisher Arthur Hays Sulzberger of the necessity of a crossword. The New York Times has published recipes since the 1850s and has had a separate food section since the 1940s. In 1961, restaurant critic Craig Claiborne published The New York Times Cookbook , an unauthorized cookbook that drew from the Times ' s recipes. Since 2010, former food editor Amanda Hesser has published The Essential New York Times Cookbook ,
19044-487: The cosine similarity of text embeddings of recipe titles. The website also features no-recipe recipes, a concept proposed by Sifton. In May 2016, The New York Times Company announced a partnership with startup Chef'd to form a meal delivery service that would deliver ingredients from The New York Times Cooking recipes to subscribers; Chef'd shut down in July 2018 after failing to accrue capital and secure financing. The Hollywood Reporter reported in September 2022 that
19251-474: The credit rating of RJR's debt from junk to investment grade . KKR began to reduce its ownership in RJR in 1994, when its stock in RJR was used as part of the consideration for its leveraged buyout of Borden, Inc. , a producer of food and beverage products, consumer products, and industrial products. The following year, in 1995, KKR would divest itself of its final stake in RJR Nabisco when Borden sold
19458-737: The decline of newspapers , particularly regional publications, the Times must travel further; for example, newspapers for Hawaii are flown from San Francisco on United Airlines , and Sunday papers are flown from Los Angeles on Hawaiian Airlines . Computer glitches, mechanical issues, and weather phenomena affect circulation but do not stop the paper from reaching customers. The College Point facility prints over two dozen other papers, including The Wall Street Journal and USA Today . The New York Times has halted its printing process several times to account for major developments. The first printing stoppage occurred on March 31, 1968, when then-president Lyndon B. Johnson announced that he would not seek
19665-400: The "nucleus of S&S's educational and informational business." Three California educational companies were also purchased between 1988 and 1990 – Quercus, Fearon Education and Janus Book Publishers. In all, Simon & Schuster spent more than $ 1 billion in acquisitions between 1983 and 1991. In the 1980s, Snyder also made an unsuccessful bid toward video publishing which
19872-518: The $ 8 billion buyout of Harman. By the end of the day, Harman's shares had plummeted by more than 24% upon the news. In 2007, KKR filed with the Securities and Exchange Commission to raise $ 1.25 billion by selling an ownership interest in its management company. The filing came less than two weeks after the initial public offering of rival private equity firm Blackstone Group . KKR had previously listed its KPE vehicle in 2006, but for
20079-616: The 1930s, the publisher moved to what has been referred to as "Publisher's Row" on Park Avenue in Manhattan , New York. In 1939, Simon & Schuster backed Robert Fair de Graff to found Pocket Books , America's first paperback publisher. In 1942, Simon & Schuster and Western Publishing launched the Little Golden Books series in cooperation with the Artists and Writers Guild. In 1944, Marshall Field III , owner of
20286-450: The 1990s would be one of its least successful. In January 1998, KKR and Hicks, Muse, Tate & Furst agreed to the $ 1.5 billion buyouts of Regal Entertainment Group . KKR and Hicks Muse had initially intended to combine Regal with Act III Cinemas , which KKR had acquired in 1997 for $ 706 million and United Artists Theaters , which Hicks Muse had agreed to acquire for $ 840 million in November 1997. Shortly after agreeing to
20493-479: The Australian hospitality industry with a portfolio of 200+ venues. In mid-July 2018, KKR purchased RBMedia , one of the largest independent publishers and distributors of audiobooks . On July 22, 2018, KKR & Co. announced it was taking over Taipei-based LCY Chemical Corp. in a deal valued at NT$ 47.8 billion ($ 1.56 billion US), part of a plan for more transactions involving controlling stakes in
20700-1053: The Bureau of Business Practice was sold to Wolters Kluwer . Subsequently, Macmillan Library Reference's children's imprints (Silver Burdett Press, Dillon Press, Crestwood House, Silver Press, New Discovery and Julian Messner ) were closed. Then, Gale acquired Macmillan Library Reference (Charles Scribner's Sons Reference, Macmillan Reference, Thorndike Press, G.K. Hall , Twayne Publishers and Schirmer Books). Finally, IDG Books acquired Macmillan General Reference (including Frommer's , J.K. Lasser , Betty Crocker Cookbooks, Weight Watchers Dieting and Cookbooks and Howell House Pet Books but excluding Complete Idiot's Guides , which Pearson later transferred to Macmillan Computer Publishing under Alpha Books and currently part of Penguin Random House under Dorling Kindersley ). In 2002, Simon & Schuster acquired its Canadian distributor Distican. Simon & Schuster began publishing in Canada in 2013. At
20907-655: The Company went into Chapter 11 bankruptcy and during its bankruptcy process, sold several large assets. In 2012, KKR made its first retail real-estate investment in Yorktown Center in Illinois. In March 2013, KKR exited its joint venture in music company BMG Rights Management , selling its 51% stake to Bertelsmann . In January 2014, KKR acquired Sedgwick Claims Management Services Inc for $ 2.4 billion from two private equity companies - Stone Point, and Hellman & Friedman . In June 2014, KKR announced it
21114-430: The E and the A, as not doing so would leave a noticeable gap due to the stem of the A sloping away from the E. The Times reused the tight kerning for "Biden Beats Trump" and Trump's second impeachment , which simply read, "Impeached". In cases where two major events occur on the same day or immediately after each other, The New York Times has used a "paddle wheel" headline, where both headlines are used but split by
21321-627: The Global Wine Company. The New York Times Wine Club was established in August 2009, during a dramatic decrease in advertising revenue. By 2021, the wine club was managed by Lot18 , a company that provides proprietary labels. Lot18 managed the Williams Sonoma Wine Club and its own wine club Tasting Room. The New York Times archives its articles in a basement annex beneath its building known as "the morgue",
21528-728: The Greater China region. In July 2018, it was announced that KKR sold Gallagher Shopping Park, West Midlands in the UK to South Korean investors, Hana for £175 million. In February 2019, KKR acquired Brightsprings, and in a May 2022 letter from four United States Senators, Joe Bae and Scott Nutall were asked to explain the substandard care since their acquisition. KKR acquired the German media company Tele München Gruppe . Later that month, KKR acquired German film distributor Universum Film GmbH. In Apri 2019, KKR acquired German film production company Wiedemann & Berg Film Production with
21735-589: The Internet. The online success of publications that traditionally co-existed with the Times — such as America Online, Yahoo , and CNN — and the expansion of websites such as Monster.com and Craigslist that threatened The New York Times ' s classified advertisement model increased efforts to develop a website. nytimes.com debuted on January 19 and was formally announced three days later. The Times published domestic terrorist Ted Kaczynski 's essay Industrial Society and Its Future in 1995, contributing to his arrest after his brother David recognized
21942-601: The Museum at The Times. From February 7, 1898, to December 31, 1999, the Times ' s issue number was incorrect by five hundred issues, an error suspected by The Atlantic to be the result of a careless front page type editor. The misreporting was noticed by news editor Aaron Donovan, who was calculating the number of issues in a spreadsheet and noticed the discrepancy. The New York Times celebrated fifty thousand issues on March 14, 1995, an observance that should have occurred on July 26, 1996. The New York Times has reduced
22149-556: The Netherlands and Belgium, as well as its sister companies, the audiobook producer Thinium , and Bookchoice , a subscription-based platform for e-books and audiobooks. This is the first expansion of Simon & Schuster into a non-English market. In September 2024, it was announced that Simon & Schuster Australia had entered an agreement to acquire publisher Affirm Press . Simon & Schuster has published thousands of books from thousands of authors. This list represents some of
22356-673: The New York newspaper landscape resulted in the formation of larger newspapers, such as the New York Herald Tribune and the New York World-Telegram . In contrast to Ochs, Sulzberger encouraged wirephotography . The New York Times extensively covered World War II through large headlines, reporting on exclusive stories such as the Yugoslav coup d'état . Amid the war, Sulzberger began expanding
22563-599: The Ochs-Sulzberger family, having previously been published by Henry Jarvis Raymond until 1869 and by George Jones until 1896. Adolph Ochs published the Times until his death in 1935, when he was succeeded by his son-in-law, Arthur Hays Sulzberger . Sulzberger was publisher until 1961 and was succeeded by Orvil Dryfoos , his son-in-law, who served in the position until his death in 1963. Arthur Ochs Sulzberger succeeded Dryfoos until his resignation in 1992. His son, Arthur Ochs Sulzberger Jr. , served as publisher until 2018. The New York Times ' s current publisher
22770-433: The Ochs-Sulzberger family, of which Oakes was a member as Adolph Ochs 's nephew; in 1976, Oakes publicly disagreed with Sulzberger's endorsement of Daniel Patrick Moynihan over Bella Abzug in the 1976 Senate Democratic primaries in a letter sent from Martha's Vineyard . Under Rosenthal, the editorial board took positions supporting assault weapons legislation and the legalization of marijuana , but publicly criticized
22977-463: The Regal takeover, the deal with United Artists fell apart, destroying the strategy to eliminate costs by building a larger combined company. Two years later, in 2000, Regal encountered significant financial issues and was forced to file for bankruptcy protection; the company passed to billionaire investor Philip Anschutz . At the start of the 21st century, the landscape of large leveraged buyout firms
23184-745: The Resistance Inside the Trump Administration ", an anonymous essay by a self-described Trump administration official later revealed to be Department of Homeland Security chief of staff Miles Taylor . The animosity — which extended to nearly three hundred instances of Trump disparaging the Times by May 2019 — culminated in Trump ordering federal agencies to cancel their subscriptions to The New York Times and The Washington Post in October 2019. Trump's tax returns have been
23391-460: The S&;S Video division never took off. Simon & Schuster launched its audiobook division in 1985. According to Korda, audiobooks were a major business for Simon & Schuster by the 1990s. In 1989, Gulf and Western Inc., owner of Simon & Schuster, changed its name to Paramount Communications Inc. In 1990, The New York Times described Simon & Schuster as the largest book publisher in
23598-716: The US Federal Deposit Insurance Corporation . In January 1996, KKR would exchange its investment for a 7.5% interest in Fleet Bank . KKR completed the 1992 buyout of American Re Corporation from Aetna as well as a 47% interest in TW Corporation , later known as The Flagstar Companies and owner of Denny's in 1992. Among the other notable investments KKR completed in the early 1990s included World Color Press (1993–95), RELTEC Corporation (1995) and Bruno's (1995). By
23805-521: The United States behind The Wall Street Journal . The New York Times Company intends to have fifteen million subscribers by 2027. The Times ' s shift towards subscription-based revenue with the debut of an online paywall in 2011 contributed to subscription revenue exceeding advertising revenue the following year, furthered by the 2016 presidential election and Donald Trump . In 2022, Vox wrote that The New York Times ' s subscribers skew "older, richer, whiter, and more liberal"; to reflect
24012-407: The United States with sales of $ 1.3 billion the previous year. That same year, Simon & Schuster acquired the children's publisher Green Tiger Press. In 1993, Simon & Schuster bought Macmillan (including Scribner's , Free Press , and Jossey-Bass), and changed its name to Paramount Publishing. Viacom then bought Paramount in 1994 and changed the name back to Simon & Schuster. Macmillan
24219-595: The ability of public officials to sue the media for defamation . In 1971, The New York Times published the Pentagon Papers , an internal Department of Defense document detailing the United States's historical involvement in the Vietnam War , despite pushback from then-president Richard Nixon . In the landmark decision New York Times Co. v. United States (1971), the Supreme Court ruled that
24426-491: The acquirer, comparing himself to Groucho Marx . According to The New Republic , FiveThirtyEight drew as much as a fifth of the traffic to nytimes.com during the 2012 presidential election . In July 2013, FiveThirtyEight was sold to ESPN . In an article following Silver's exit, public editor Margaret Sullivan wrote that he was disruptive to the Times ' s culture for his perspective on probability-based predictions and scorn for polling — having stated that punditry
24633-439: The buyout. KKR collected a $ 75 million fee in the RJR takeover. At $ 31.1 billion of а transaction value (including assumed debt), RJR Nabisco was, at the time, by far the largest leveraged buyout in history. The buyout of RJR Nabisco was completed in April 1989 and KKR would spend the early 1990s repaying the RJR's enormous debt load through a series of asset sales and restructuring transactions. KKR did not complete
24840-451: The company in 1998, 2000 and 2001 to support acquisition activity. In 2005, Primedia redeemed KKR's preferred stock in the company but KKR was estimated to have lost hundreds of millions of dollars on its common stock holdings as the price of the company's stock collapsed. In 1991, KKR partnered with Fleet/Norstar Financial Group in the 1991 acquisition of the Bank of New England , from
25047-443: The country's newspapers of record . As of 2023 , The New York Times is the second-largest newspaper by print circulation in the United States , with 296,330 print subscribers. The Times has 8.83 million online subscribers, the most of any newspaper in the United States. The New York Times is published by The New York Times Company ; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and
25254-470: The cover of their December 1988 issue along with the headline, "A Game of Greed: This man could pocket $ 100 million from the largest corporate takeover in history. Has the buyout craze gone too far?". KKR's offer was welcomed by the board, and, to some observers, it appeared that their elevation of the reset issue as a deal-breaker in KKR's favor was little more than an excuse to reject Johnson's higher bid of $ 112 per share. Johnson received $ 53 million from
25461-459: The discrepancy between the mediums in print and online articles. The system reduces the input of editors and supports additional visual mediums in an editor that resembles the appearance of the article. Oak is based on ProseMirror, a JavaScript rich-text editor toolkit, and retains the revision tracking and commenting functionalities of The New York Times ' s previous systems. Additionally, Oak supports predefined article headers. In 2019, Oak
25668-420: The earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco , which was the largest buyout in history to that point, as well as the 2007 buyout of TXU , which is currently the largest buyout completed to date. In October 2009, KKR listed shares in the company through KKR & Co., an affiliate that holds 30% of
25875-484: The early 1990s, the absence of an active high yield market prompted KKR to change its tactics, avoiding large leveraged buyouts in favor of industry consolidations through what was described as leveraged buildups or rollups . One of KKR's largest investments in the 1990s was the leveraged buildup of Primedia in partnership with former executives of Macmillan Publishing , which KKR had failed to acquire in 1988. KKR created Primedia's predecessor, K-III Communications ,
26082-441: The edition number of that issue; on the day of the 2000 presidential election, the Times was revised four separate times, necessitating the use of an em dash in place of an ellipsis. The em dash issue was printed hundreds times over before being replaced by the one-dot issue. Despite efforts by newsroom employees to recycle copies sent to The New York Times ' s office, several copies were kept, including one put on display at
26289-536: The end of 2004 and in 2005, major buyouts were once again becoming common and market observers were stunned by the leverage levels and financing terms obtained by financial sponsors in their buyouts. In 2005, KKR was one of seven private equity firms involved in the buyout of SunGard in a transaction valued at $ 11.3 billion. KKR's partners in the acquisition were Silver Lake Partners , Bain Capital , Goldman Sachs Capital Partners , Blackstone Group , Providence Equity Partners , and TPG Capital . This represented
26496-529: The end of 2005, Viacom split into two companies: CBS Corporation (which inherited S&S and Paramount Parks ), and the other retaining the Viacom name. Also in 2005, Simon & Schuster acquired Strebor Books International, which was founded in 1999 by author Kristina Laferne Roberts, who has written under the pseudonym "Zane". A year later, in 2006, Simon & Schuster launched the conservative imprint Threshold Editions . In 2009, Simon & Schuster signed
26703-413: The epidemic, with mentions of anal intercourse , contrasted with then-executive editor A. M. Rosenthal 's puritan approach, intentionally avoiding descriptions of the luridity of gay venues. Following years of waning interest in The New York Times , Sulzberger resigned in January 1992, appointing his son, Arthur Ochs Sulzberger Jr. , as publisher. The Internet represented a generational shift within
26910-461: The essay's penmanship. Following the establishment of nytimes.com , The New York Times retained its journalistic hesitancy under executive editor Joseph Lelyveld , refusing to publish an article reporting on the Clinton–Lewinsky scandal from Drudge Report . nytimes.com editors conflicted with print editors on several occasions, including wrongfully naming security guard Richard Jewell as
27117-513: The firm invested $ 90 million in lighting and electrics firm Savant Systems . Also in 2014, KKR acquired commercial landscaping company ValleyCrest from Michael Dell 's investment firm MSD Capital , and combined it with landscape company Brickman, which it had owned since 2013, to form BrightView. In January 2015, KKR confirmed its purchase of the British rail ticket website thetrainline.com , previously owned by Exponent. The purchase sum
27324-644: The firm's ownership equity , with the remainder held by the firm's partners. In March 2010, KKR filed to list its shares on the New York Stock Exchange (NYSE), with trading commencing four months later, on July 15, 2010. The firm employed 4,490 employees as of December 31, 2023. KKR is headquartered at 30 Hudson Yards , Manhattan, New York, with offices in Beijing , Dubai , Dublin , Houston, Hong Kong , London , Luxembourg , Madrid , Menlo Park , Mumbai , Paris , Riyadh , San Francisco , São Paulo , Seoul , Singapore , Shanghai , Sydney and Tokyo . In
27531-401: The first time in its history. In February 2020, the editorial board reduced its presence from several editorials each day to occasional editorials for events deemed particularly significant. Since August 2024, the board no longer endorses candidates in local or congressional races in New York. Since 1940, editorial, media, and technology workers of The New York Times have been represented by
27738-475: The first time, KKR would offer investors an ownership interest in the management company itself. The onset of the credit crunch and the shutdown of the IPO market dampened the prospects of obtaining a valuation attractive to KKR. The flotation was repeatedly postponed and called off by the end of August. The following year, in July 2008, KKR announced a new plan to list its shares. The plan called for KKR to complete
27945-470: The following month, it acquired PharMerica for $ 1.4 billion including debt, Pepper Group for $ 518 million, Covenant Surgical Partners, and Envision Healthcare Corporation's ambulance business ( American Medical Response, Inc. (AMR) ) for $ 2.4 billion. On July 6, 2017, KKR announced it would merge Northern California Mi Pueblo and Ontario-based Cardenas Market. On September 18, 2017, Toys "R" Us, Inc. filed for Chapter 11 bankruptcy , stating
28152-648: The following years the three Bear Stearns bankers completed a series of buyouts including Stern Metals (1965), Incom (a division of Rockwood International, 1971), Cobblers Industries (1971), and Boren Clay (1973), as well as Thompson Wire, Eagle Motors and Barrows through their investment in Stern Metals. Despite a number of highly successful investments, the $ 27 million investment in Cobblers ended in bankruptcy. By 1976, tensions had built up between Bear Stearns and Kohlberg, Kravis and Roberts, which led to
28359-487: The following: Other non-buyout investments completed by KKR during this period included Legg Mason , Sun Microsystems , Tarkett, Longview Power Plant , and Seven Network . In October 2006, KKR acquired a 50% stake in Tarkett, a France-based distributor of flooring products, in a deal valued at about €1.4 billion ($ 1.8 billion). On November 20, 2006, KKR announced it would form a A$ 4 billion partnership with
28566-475: The formation of Kohlberg Kravis Roberts & Co. Most notably, Bear Stearns executive Cy Lewis had rejected repeated proposals to form a dedicated investment fund within Bear Stearns. The name had been planned to be Kohlberg Roberts Kravis, but public relations advisors preferred the sound of KKR. The new KKR completed its first buyout, of manufacturer A.J. Industries, in 1976. KKR raised capital from
28773-464: The general population of the United States, the Times has attempted to alter its audience by acquiring The Athletic , investing in verticals such as The New York Times Games , and beginning a marketing campaign showing diverse subscribers to the Times . The New York Times Company chief executive Meredith Kopit Levien stated that the average age of subscribers has remained constant. In October 2001, The New York Times began publishing DealBook ,
28980-470: The global publisher and then owner of Penguin and the Financial Times ; Pearson then merged the operations with Addison-Wesley Longman to form Pearson Education . Later, Pearson sold several of the acquired S&S divisions: first Appleton & Lange was divested to McGraw-Hill and Master Data Central was sold to Master Data Center . Then, Jossey-Bass was sold to John Wiley & Sons and
29187-546: The group would also serve as a platform and set of services for authors that go beyond what a traditional book publisher offers to find their audience. The services include helping authors expand their reach through online courses, seminars, workshops, mobile applications, video and audiobooks, sponsorships and business partnerships, and podcasts. North Star Way sits within the Gallery Publishing Group division. According to Michele Martin, publisher and founder,
29394-502: The guidelines established in "Ethical Journalism" and "Guidelines on Integrity". According to the former, Times journalists must abstain from using sources with a personal relationship to them and must not accept reimbursements or inducements from individuals who may be written about in The New York Times , with exceptions for gifts of nominal value. The latter requires attribution and exact quotations, though exceptions are made for linguistic anomalies. Staff writers are expected to ensure
29601-409: The honorific from Osama bin Laden 's name, consistent with deceased figures of historic significance, such as Adolf Hitler , Napoleon , and Vladimir Lenin . The New York Times uses academic and military titles for individuals prominently serving in that position. In 1986, the Times began to use Ms , and introduced the gender-neutral title Mx. in 2015. The New York Times uses initials when
29808-403: The ideas in the books into a variety of platforms." The name prompted Marvel Comics to attempt to register the name of their superhero Northstar in February 2015. The application was denied as Simon & Schuster had already made a trademark application for North Star Way in January. Simon & Schuster launched SimonSays.com a portal for online video courses in 2016, along with Scout Press,
30015-460: The information in the XML and INI files. The image tiles are generated using GDAL and displayed using Leaflet , using data from a content delivery network . The Times ran optical character recognition on the articles using Tesseract and shingled and fuzzy string matched the result. The New York Times uses a proprietary content management system known as Scoop for its online content and
30222-581: The largest book publisher in the world, actually the only global book publisher. Given this position we would, of course, be interested in Simon & Schuster." Vivendi , which owns the French publisher Editis , and News Corp , which owns HarperCollins , were also named as contenders in acquiring Simon & Schuster. ViacomCBS expected the bids to be placed before November 26, 2020. On November 25, 2020, ViacomCBS announced it would sell Simon & Schuster to Penguin Random House for $ 2.175 billion. The deal
30429-557: The largest buyout for the next 17 years. The deal was chronicled in Barbarians at the Gate: The Fall of RJR Nabisco , and later made into a television movie starring James Garner . In 1988, F. Ross Johnson was the president and CEO of RJR Nabisco , a leading producer of food and tobacco products, formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company . In October of that year, Johnson proposed
30636-591: The largest leveraged buyout completed since the takeover of RJR Nabisco in 1988. SunGard was the largest buyout of a technology company until the Blackstone -led buyout of Freescale Semiconductor . The SunGard transaction was notable given the number of firms involved in the transaction, the largest club deal completed to that point. The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive. In 2006, KKR raised
30843-407: The latter company's television arm W&B Television remained a separate entity. Two months later in July 2019, KKR acquired the Canadian software company Corel . In August 2019, KKR acquired Arnott's , the Australian snack unit of Campbell Soup Company , for $ 2.2 billion. Later that month, KKR became the biggest shareholder of German media group Axel Springer , paying $ 3.2 billion for
31050-412: The library and publishing industry; the acquisition was finalized in June 2020. In May 2020, KKR announced that it will be investing $ 750 million in cosmetics producer Coty . A separate plan was revealed in which several divisions of Coty are set to be spun out into a new company. According to the deal, KKR will own 60%, while Coty 40% of the new business. The same month, it was announced that KKR
31257-640: The market, in violation of antitrust law . Simon & Schuster reorganized all of their imprints under four main groups in 2012. The four groups included the Atria Publishing Group, the Scribner Publishing Group, the Simon & Schuster Publishing Group and the Gallery Publishing Group. According to CEO Carolyn Reidy , the divisions were created to align imprints that complement one another and that
31464-463: The mid-1990s, the debt markets were improving and KKR had moved on from the RJR Nabisco buyout. In 1996, KKR was able to complete the bulk of fundraising for what was then a record $ 6 billion private equity fund, the KKR 1996 Fund. However, KKR was still burdened by the performance of the RJR investment and repeated obituaries in the media. KKR was required by its investors to reduce the fees it charged and to calculate its carried interest based on
31671-510: The more notable authors (those who are culturally significant or have had several bestsellers, meaning they have sold at least 3,000 books). According to one source, The Sower, the logo of Simon & Schuster, was inspired by the 1850 Jean-François Millet painting of the same name. According to Michael Korda , the colophon is a small reproduction of The Sower by Sir John Everett Millais . Kohlberg Kravis Roberts KKR & Co. Inc. , also known as Kohlberg Kravis Roberts & Co. ,
31878-513: The move would give it flexibility to deal with $ 5 billion in long-term debt, borrow $ 2 billion so it would be able to pay suppliers for the upcoming holiday season and invest in improving current operations. During 2017, KKR purchased an 80 percent stake in Dixon Hospitality Group for A$ 190 million in 2017 which turned into the company Australian Venue Co. (AVC). AVC is a food and beverage-focused operator in
32085-473: The name North Star reflects their mission, "to publish books that will help readers find the path to a better life, and to be a guide for our authors, not only through publication of their books but also in the many other activities that can help their message find the widest possible audience." In an interview with Kirkus Reviews , Michele Martin expanded that North Star Way, "aims to meet consumers where they are, in whatever form of media they consume. We expand
32292-401: The newsletter's staff included individuals who had created the Times ' s dialect quiz, fourth down analyzer, and a calculator for determining buying or renting a home. The Upshot debuted in April 2014. Fast Company reviewed an article about Illinois Secure Choice — a state-funded retirement saving system — as "neither a terse news item, nor a formal financial advice column, nor
32499-573: The newspaper's structure. Ochs established the Times as a merchant's newspaper and removed the hyphen from the newspaper's name. In 1905, The New York Times opened Times Tower , marking expansion. The Times experienced a political realignment in the 1910s amid several disagreements within the Republican Party . The New York Times reported on the sinking of the Titanic , as other newspapers were cautious about bulletins circulated by
32706-452: The only witness of the Manhattan Project, a detail realized by employees of The New York Times following the atomic bombing of Hiroshima . Following World War II , The New York Times continued to expand. The Times was subject to investigations from the Senate Internal Security Subcommittee , a McCarthyist subcommittee that investigated purported communism from within press institutions. Arthur Hays Sulzberger 's decision to dismiss
32913-502: The opportunity. At the time, Simon was a piano salesman and Schuster was editor of an automotive trade magazine. They pooled US$ 8,000 , equivalent to $ 142,000 today, to start a company that published crossword puzzles. The new publishing house used "fad" publishing to publish books that exploited current fads and trends. Simon called this "planned publishing". Instead of signing authors with a planned manuscript, they came up with their own ideas, and then hired writers to carry them out. In
33120-413: The original leveraged buyout of RJR had been only $ 1.5 billion. In mid-December 1990, RJR announced an exchange offer that would swap debt in RJR for a new public stock in the company, effectively an unusual means of taking RJR public again and simultaneously reducing debt on the company. RJR issued additional stock to the public in March 1991 to reduce debt further, resulting in an upgrade of
33327-442: The pages were reduced to 15.5 inches (390 mm). On February 14, 1955, a further reduction to 15 inches (380 mm) occurred, followed by 14.5 and 13.5 inches (370 and 340 mm). On August 6, 2007, the largest cut occurred when the pages were reduced to 12 inches (300 mm), a decision that other broadsheets had previously considered. Then-executive editor Bill Keller stated that a narrower paper would be more beneficial to
33534-497: The paper from Raymond, who had changed its name to The New-York Times . Under Jones, the Times began to publish a series of articles criticizing Tammany Hall political boss William M. Tweed , despite vehement opposition from other New York newspapers. In 1871, The New-York Times published Tammany Hall's accounting books; Tweed was tried in 1873 and sentenced to twelve years in prison. The Times earned national recognition for its coverage of Tweed. In 1891, Jones died, creating
33741-438: The paper has produced several television series, podcasts — including The Daily — and games through The New York Times Games . The New York Times has been involved in several controversies in its history. The Times maintains several regional bureaus staffed with journalists across six continents, and has received 137 Pulitzer Prizes as of 2023, the most of any publication, among other accolades. The New York Times
33948-409: The paper's publisher is A. G. Sulzberger . The Times is headquartered at The New York Times Building in Midtown Manhattan . The Times was founded as the conservative New-York Daily Times in 1851, and came to national recognition in the 1870s with its aggressive coverage of corrupt politician William M. Tweed . Following the Panic of 1893 , Chattanooga Times publisher Adolph Ochs gained
34155-496: The paper. The descender of the "h" was shortened on December 30, 1914. The largest change to the nameplate was introduced on February 21, 1967, when type designer Ed Benguiat redesigned the logo, most prominently turning the arrow ornament into a diamond. Notoriously, the new logo dropped the period that remained with the Times up until that point; one reader compared the omission of the period to "performing plastic surgery on Helen of Troy ." Picture editor John Radosta worked with
34362-561: The passage of the Affordable Care Act in 2010 was a "big fucking deal". The Times ' s profanity policy has been tested by former president Donald Trump . The New York Times published Trump's Access Hollywood tape in October 2016, containing the words "fuck", "pussy", "bitch", and "tits", the first time the publication had published an expletive on its front page, and repeated an explicit phrase for fellatio stated by then- White House communications director Anthony Scaramucci in July 2017. The New York Times omitted Trump's use of
34569-554: The phrase " shithole countries " from its headline in favor of "vulgar language" in January 2018. The Times banned certain words, such as "bitch", "whore", and "sluts", from Wordle in 2022. Journalists for The New York Times do not write their own headlines, but rather copy editors who specifically write headlines. The Times ' s guidelines insist headline editors get to the main point of an article but avoid giving away endings, if present. Other guidelines include using slang "sparingly", avoiding tabloid headlines , not ending
34776-430: The physical size of its print edition while retaining its broadsheet format. The New-York Daily Times debuted at 18 inches (460 mm) across. By the 1950s, the Times was being printed at 16 inches (410 mm) across. In 1953, an increase in paper costs to US$ 10 (equivalent to $ 113.88 in 2023) a ton increased newsprint costs to US$ 21.7 million (equivalent to $ 308,616,417.91 in 2023) On December 28, 1953,
34983-434: The political blog FiveThirtyEight in a three-year agreement. The blog, written by Nate Silver , had garnered attention during the 2008 presidential election for predicting the elections in forty-nine of fifty states. FiveThirtyEight appeared on nytimes.com in August. According to Silver, several offers were made for the blog; Silver wrote that a merger of unequals must allow for editorial sovereignty and resources from
35190-511: The position until his retirement in 1961. John Bertram Oakes served as opinion editor from 1961 to 1976, when then-publisher Arthur Ochs Sulzberger appointed Max Frankel . Frankel served in the position until 1986, when he was appointed as executive editor. Jack Rosenthal was the opinion editor from 1986 to 1993. Howell Raines succeeded Rosenthal until 2001, when he was made executive editor. Gail Collins succeeded Raines until her resignation in 2006. From 2007 to 2016, Andrew Rosenthal
35397-418: The print version of the Times , these headlines are written by one copy editor, reviewed by two other copy editors, approved by the masthead editors, and polished by other print editors. The process is completed before 8 p.m., but it may be repeated if further development occur, as did take place during the 2020 presidential election . On the day Joe Biden was declared the winner, The New York Times utilized
35604-419: The print version to use "wiretapped" in order to fit within the print guidelines. The nameplate of The New York Times has been unaltered since 1967. In creating the initial nameplate, Henry Jarvis Raymond sought to model The London Times , which used a Blackletter style called Textura , popularized following the fall of the Western Roman Empire and regional variations of Alcuin 's script, as well as
35811-420: The process by Shearson Lehman but attempted to provide a bid for RJR with a consortium of Goldman Sachs Capital Partners , Procter & Gamble , Ralston Purina and Castle & Cooke . Ultimately, the Forstmann consortium came apart and did not provide a final bid for RJR. In November 1988, RJR set guidelines for a final bid submission at the end of the month. The management and Shearson group submitted
36018-417: The reader but acknowledged a net loss in article space of five percent. In 1985, The New York Times Company established a minority stake in a US$ 21.7 million (equivalent to $ 308,616,417.91 in 2023) newsprint plant in Clermont, Quebec through Donahue Malbaie . The company sold its equity interest in Donahue Malbaie in 2017. The New York Times often uses large, bolded headlines for major events. For
36225-551: The scandal, culminating in a town hall in which a deputy editor criticized Raines for failing to question Blair's sources in article he wrote on the D.C. sniper attacks . In June 2003, Raines and Boyd resigned. Arthur Ochs Sulzberger Jr. appointed Bill Keller as executive editor. Miller continued to report on the Iraq War as a journalistic embed covering the country's weapons of mass destruction program. Keller and then-Washington bureau chief Jill Abramson unsuccessfully attempted to subside criticism. Conservative media criticized
36432-419: The structure would "lead to a sharper editorial focus for our imprints even as it takes consideration of the natural affinities among them." In 2012, Simon & Schuster launched a self-publishing arm of the company, Archway Publishing. On November 14, 2013, Simon & Schuster signed a co-publishing agreement with former New York Yankees shortstop, Derek Jeter , to launch Jeter Publishing. In December 2013,
36639-688: The subject of three separate investigations. During the COVID-19 pandemic , the Times began implementing data services and graphs. On May 23, 2020, The New York Times ' s front page solely featured U.S. Deaths Near 100,000, An Incalculable Loss , a subset of the 100,000 people in the United States who died of COVID-19, the first time that the Times ' s front page lacked images since they were introduced. Since 2020, The New York Times has focused on broader diversification, developing online games and producing television series. The New York Times Company acquired The Athletic in January 2022. Since 1896, The New York Times has been published by
36846-443: The suspect in the Centennial Olympic Park bombing and covering the death of Diana, Princess of Wales in greater detail than the print edition. The New York Times Electronic Media Company was adversely affected by the dot-com crash . The Times extensively covered the September 11 attacks . The following day's print issue contained sixty-six articles, the work of over three hundred dispatched reporters. Journalist Judith Miller
37053-403: The territory of the Wet'suwet'en Nation , which opposes the project. Enforcement of an injunction to build through the Wet'suwet'en territory has sparked widespread protests across Canada . In the final days of 2019, KKR announced it would acquire OverDrive, Inc. , a major distributor of eBooks to libraries. The potential for consolidation with KKR subsidiary RBMedia was quickly noted in
37260-411: The theoretical use of aluminum tubes to produce nuclear material was speculation. In March 2003, the United States invaded Iraq , beginning the Iraq War . The New York Times attracted controversy after thirty-six articles from journalist Jayson Blair were discovered to be plagiarized. Criticism over then-executive editor Howell Raines and then-managing editor Gerald M. Boyd mounted following
37467-443: The time, most newspapers favored the end of the hostage crisis, but the Times placed the inauguration above the crisis. Since 1981, the paddle wheel has been used twice; on July 26, 2000, when the 2000 Camp David Summit ended without an agreement and when Bush announced that Dick Cheney would be his running mate, and on June 24, 2016, when the United Kingdom European Union membership referendum passed, beginning Brexit , and when
37674-599: The total profit of the fund (i.e., offsetting losses from failed deals against the profits from successful deals). KKR's activity level would accelerate over the second half of the 1990s making a series of notable investments including Spalding Holdings Corporation and Evenflo (1996), Newsquest (1996), KinderCare Learning Centers (1997), Amphenol Corporation (1997), Randalls Food Markets (1997), The Boyds Collection (1998), MedCath Corporation (1998), Willis Group Holdings (1998), Smiths Group (1999), and Wincor Nixdorf (1999). KKR's largest investment of
37881-406: The veracity of all written claims, but may delegate researching obscure facts to the research desk. In March 2021, the Times established a committee to avoid journalistic conflicts of interest with work written for The New York Times , following columnist David Brooks 's resignation from the Aspen Institute for his undisclosed work on the initiative Weave. The New York Times editorial board
38088-399: The years following World War II , that were facing succession issues. Many of these companies lacked a viable exit for their founders because they were too small to be taken public and the founders were reluctant to sell out to competitors. In 1964, Lewis Cullman acquired and then sold Orkin Exterminating Company in what some call the first significant leveraged buyout transaction. In
38295-422: Was acquired by Gulf+Western in an 8-for-1 stock swap on January 28, 1975. Four years later in 1979, Richard Snyder was named CEO of the company. Over the next several years he would help the company to grow substantially. After the death of Gulf+Western head Charles Bluhdorn on February 19, 1983, the company made the decision to diversify. Bluhdorn's successor Martin Davis told The New York Times , "Society
38502-473: Was acquired for US$ 552.8 million. Later that year, Snyder was suddenly fired from S&S and was replaced by the company's president and chief operating officer Jonathan Newcomb. Simon & Schuster then sold several peripheral assets, such as selling Charles E. Simon Co. to CDB Infotek. Gousha was sold to Rand McNally in 1996. In 1994, S&S acquired the software operations of Markt+Technik . Later that year, Simon & Schuster (through Paramount) launched
38709-409: Was arrested for the 2016–2021 literary phishing thefts . The company released a statement saying they were "shocked and horrified to learn today of the allegations of fraud and identity theft by an employee." In June 2023, The Wall Street Journal reported that HarperCollins and investment firm Kohlberg Kravis Roberts (KKR) had emerged as potential frontrunners for the company. On August 3, 2023, it
38916-458: Was believed to have led to the company's success in the audiobook business. Snyder was dismayed to realize that Simon & Schuster did not own the video rights to Jane Fonda's Workout Book , a huge bestseller at the time and that the video company producing the VHS was making more money on the video. This prompted Snyder to ask editors to obtain video rights for every new book. Agents were often reluctant to give these up – which meant
39123-412: Was brought into the company fold in 1985 for over $ 700 million and was viewed by some executives to be a catalyst for change for the company as a whole. This acquisition was followed by Silver Burdett in 1986, mapmaker Gousha in 1987 and Charles E. Simon in 1988. Part of the acquisition included educational publisher Allyn & Bacon which, according to then editor and chief Michael Korda , became
39330-524: Was changing. Several large and storied firms, including Hicks Muse Tate & Furst and Forstmann Little & Company were dragged down by heavy losses in the bursting of the telecom bubble . Although KKR's track record since RJR Nabisco was mixed, losses on such investments as Regal Entertainment Group , Spalding , Flagstar and RentPath (previously K-III Communications) were offset by successes in Willis Group, Wise Foods, Inc. , Wincor Nixdorf and MTU Aero Engines , among others. Additionally, KKR
39537-408: Was established in 1851 by New-York Tribune journalists Henry Jarvis Raymond and George Jones . The Times experienced significant circulation, particularly among conservatives; New-York Tribune publisher Horace Greeley praised the New-York Daily Times . During the American Civil War , Times correspondents gathered information directly from Confederate states. In 1869, Jones inherited
39744-424: Was established in 1896 by Adolph Ochs . With the opinion department, the editorial board is independent of the newsroom. Then-editor-in-chief Charles Ransom Miller served as opinion editor from 1883 until his death in 1922. Rollo Ogden succeeded Miller until his death in 1937. From 1937 to 1938, John Huston Finley served as opinion editor; in a prearranged plan, Charles Merz succeeded Finley. Merz served in
39951-470: Was expected to close in 2022, but was blocked by US federal judge Florence Y. Pan on October 31, 2022. An appeal to the court ruling was announced a day later by Bertelsmann, but it was ultimately canceled on November 21. In 2021, Simon & Schuster made book deals with former Trump administration officials, such as Vice President Mike Pence and Trump adviser Kellyanne Conway . This prompted protests among Simon & Schuster staff. On November 2, 2021,
40158-406: Was expected to put out another 400 by the end of that year. Books published under the imprint included classic reprints such as Lorna Doone , Ivanhoe , Tom Sawyer , Huckleberry Finn , and Robinson Crusoe . In 1967, Simon & Schuster acquired Monarch Press Publishing, Inc., along with its extensive line of college and high school study guides published. In 1960, Richard Simon died of
40365-490: Was forced to borrow $ 250 million (equivalent to $ 353.79 million in 2023) from Mexican billionaire Carlos Slim and fired over one hundred employees by 2010. nytimes.com's coverage of the Eliot Spitzer prostitution scandal , resulting in the resignation of then-New York governor Eliot Spitzer , furthered the legitimacy of the website as a journalistic medium. The Times ' s economic downturn renewed discussions of an online paywall; The New York Times implemented
40572-581: Was not disclosed. On October 12, 2015, KKR announced that it had entered into definitive agreement with Allianz Capital Partners to acquire their majority stake in Selecta Group, a European vending services operator. In 2016, KKR purchased two Hispanic grocery chains, Northern California Mi Pueblo and Ontario, California –based Cardenas. In February 2016, KKR invested $ 75 million in commercial real estate lender A10 Capital. On September 1, 2016, KKR announced that it had acquired Epicor Software Corporation , an American software company. In October 2016, it
40779-430: Was one of the few firms that were able to complete large leveraged buyout transactions in the years immediately following the collapse of the Internet bubble, including Shoppers Drug Mart and Bell Canada Yellow Pages . KKR was able to realize its investment in Shoppers Drug Mart through a 2002 IPO and subsequent public stock offerings. The directories business would be taken public in 2004 as Yellow Pages Income Fund ,
40986-452: Was published on the Times ' s intranet in 1999. The New York Times uses honorifics when referring to individuals. With the AP Stylebook ' s removal of honorifics in 2000 and The Wall Street Journal ' s omission of courtesy titles in May 2023, the Times is the only national newspaper that continues to use honorifics. According to former copy editor Merrill Perlman, The New York Times continues to use honorifics as
41193-436: Was released on April 3, 2010, with the release of the first-generation iPad . In October, The New York Times expanded NYT Editors' Choice to include the paper's full articles. NYT for iPad was free until 2011. The Times applications on iPhone and iPad began offering in-app subscriptions in July 2011. The Times released a web application for iPad — featuring a format summarizing trending headlines on Twitter — and
41400-506: Was reported that KKR invested $ 250 million in OVH to be used for further international expansion. This funding round valued OVH at over $ 1 billion, making it a unicorn . In December 2016, the Lonza Group announced it would acquire Capsugel for $ 5.5 billion from Kohlberg Kravis Roberts. In February 2017, KKR was reported to be trying to take over the international market research company ARI GfK SE . In July 2017, KKR acquired WebMD Health Corp for $ 2.8 billion and,
41607-404: Was reported that KKR was in "advanced talks" with Paramount Global. On August 7, 2023, Paramount Global announced that it had agreed to sell Simon & Schuster to KKR for $ 1.62 billion. The sale was completed on October 30, 2023. In May 2024, Simon & Schuster acquired Veen Bosch & Keuning (VBK), the largest Dutch book publishing company. The acquisition includes all of VBK's imprints in
41814-605: Was taking a one-third stake in Spanish energy business Acciona Energy , at a cost of €417 million ($ 567 million). The international renewable energy generation business operates renewable assets, largely wind farms , across 14 countries including the United States , Italy and South Africa . In August 2014, KKR announced it was investing $ 400 million to acquire Fujian Sunner Development, China's largest chicken farmer, which breeds, processes and supplies frozen and fresh chickens to consumers and corporate clients, such as KFC and McDonald's, across China. In September 2014,
42021-520: Was the opinion editor. James Bennet succeeded Rosenthal until his resignation in 2020. As of July 2024 , the editorial board comprises thirteen opinion writers. The New York Times ' s opinion editor is Kathleen Kingsbury and the deputy opinion editor is Patrick Healy. The New York Times ' s editorial board was initially opposed to liberal beliefs, opposing women's suffrage in 1900 and 1914. The editorial board began to espouse progressive beliefs during Oakes' tenure, conflicting with
42228-421: Was the recipient of a package containing a white powder during the 2001 anthrax attacks , furthering anxiety within The New York Times . In September 2002, Miller and military correspondent Michael R. Gordon wrote an article for the Times claiming that Iraq had purchased aluminum tubes . The article was cited by then-president George W. Bush to claim that Iraq was constructing weapons of mass destruction ;
42435-401: Was the third largest publisher in the United States, publishing 2,000 titles annually under 35 different imprints . In 1924, Richard Simon 's aunt, a crossword puzzle enthusiast, asked whether there was a book of New York World crossword puzzles, which were popular at the time. After discovering that none had been published, Simon and Max Schuster decided to launch a company to exploit
42642-473: Was undergoing dramatic changes so that there was a greater need for textbooks, maps, and educational information. We saw the opportunity to diversify into those areas, which are more stable and more profitable than trade publishing." In 1984, Simon & Schuster with CEO Richard E. Snyder acquired educational publisher Esquire Corporation, owner of companies including Allyn & Bacon (and former owner of Esquire magazine), for $ 180 million. Prentice Hall
42849-452: Was updated to support collaborative editing using Firebase to update editors's cursor status. Several Google Cloud Functions and Google Cloud Tasks allow articles to be previewed as they will be printed, and the Times ' s primary MySQL database is regularly updated to update editors on the article status. Since 1895, The New York Times has maintained a manual of style in several forms. The New York Times Manual of Style and Usage
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