Newspapers: A Family Enterprise

Tradition has it at the New York Times that for 65 years the chair set aside for the boss has had an invisible name plate bearing the legend, "Reserved for Family." It is a tradition that dates all the way back to the turn of the century when Adolph Ochs, a printer turned publisher, hocked his Chattanooga Times to take a flyer at running a paper in the big town.

What Publisher Ochs got when he bought the New York Times was a property that had been described precisely by a contemporary critic as...

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