Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


New York Times Co. suspends dividend

Published on .

New York—The New York Times Co. announced Thursday that its board voted to suspend the quarterly dividend on the Company’s Class A and Class B common stock. In November, the company reduced the payout level of its fourth-quarter dividend to 6 cents per share from 23 cents per share in the third quarter.

“Today’s decision provides the company with additional financial flexibility given the current economic environment and the uncertain business outlook,” Arthur Sulzberger Jr., New York Times Co. chairman, said in a statement. “We have taken decisive steps to reduce capital spending, lower operating costs and re-evaluate our assets.”

—Sean Callahan

Most Popular
In this article: