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Anonymous ID: 21bd19 March 5, 2018, 7:27 a.m. No.557084   🗄️.is 🔗kun

Five years ago, when the New York Times Company’s stock was trading at $45 and the equity was worth about $6.5 billion, the Sulzbergers’ stake was worth about $1.2 billion. In addition, the company was paying about $120 million a year in dividends, approximately $23 million of which accrued to the Sulzbergers—or $6 million each. (Nice!)

 

Alas, times have changed.

 

Now, with the New York Times Company’s stock trading at $3.50, the company’s equity is worth $500 million, which leaves the Sulzbergers with about $95 million, or about $25 million apiece. In addition, the company has just eliminated its dividend.

 

https:// www.huffingtonpost.com/henry-blodget/are-the-sulzbergers-broke_b_168656.html