The Press: The Times Tells the Story

One bit of news that the New York Times has never seen fit to print was a statement of its annual earnings and condition. Last week, in a detailed story on its financial page, the Times broke precedent and published its first annual report. With characteristic reserve, the Times announced that its ledger had been kept in good, black ink ever since 1896, when it was bought by the late Adolph Ochs for $75,000. Total profits for 1957: $3,010,067.

Since Ochs's death in 1935, the family has kept control of the tightly held company...

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