NY Times publisher: Our goal is to manage the transition from print to internet
Despite his personal fortune and impressive lineage, Arthur Sulzberger, owner, chairman and publisher of the most respected newspaper in the world, is a stressed man.
Why would the man behind the New York Times be stressed? Well, profits from the paper have been declining for four years, and the Times company's market cap has been shrinking, too. Its share lags far behind the benchmark, and just last week, the group Sulzberger leads admitted suffering a $570 million loss because of write offs and losses at the Boston Globe.
As if that weren't enough, his personal bank, Morgan Stanley, recently set out on a campaign that could cost the man control over the paper.