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.
Pentagon Papers On June 18, 1971, The Washington Post began publishing its own series of articles based upon the Pentagon Papers;[9] Ellsberg had given portions to the Post reporter Ben Bagdikian. Bagdikian brought the information to editor Ben Bradlee. That day, Assistant U.S. Attorney General William Rehnquist asked the Post to cease publication. After the paper refused, Rehnquist sought an injunction in U.S. district court. Judge Murray Gurfein declined to issue such an injunction, writing that "[t]he security of the Nation is not at the ramparts alone. Security also lies in the value of our free institutions. A cantankerous press, an obstinate press, a ubiquitous press must be suffered by those in authority to preserve the even greater values of freedom of expression and the right of the people to know."[26] The government appealed that decision, and on June 26 the Supreme Court agreed to hear it jointly with the New York Times case.[25] Fifteen other newspapers received copies of the study and began publishing it.[9]