who owned the new york times in 1971
The New York Times In 1896, Adolph Ochs bought The New York Times, a money-losing newspaper, and formed the New York Times Company. The Ochs-Sulzberger family, one of the United States' newspaper dynasties, has owned The New York Times ever since.[38] The publisher went public on January 14, 1969, trading at $42 a share on the American Stock Exchange.[95] After this, the family continued to exert control through its ownership of the vast majority of Class B voting shares. Class A shareholders are permitted restrictive voting rights while Class B shareholders are allowed open voting rights.
Times Square Ball The event was first organized by Adolph Ochs, owner of The New York Times newspaper, as a successor to a series of New Year's Eve fireworks displays he held at the building to promote its status as the new headquarters of the Times, while the ball itself was designed by Artkraft Strauss. First held on December 31, 1907, to welcome 1908, the ball drop has been held annually since, except in 1942 and 1943 in observance of wartime blackouts.