The Sulzberger family had to give up most of the dividends that made up their annual monetary take-away.
Sulzberger was the grandson of Adolph Ochs, who bought the Times in 1896 and turned it into a leading American paper.
Sulzberger has been, at times, less than felicitous in his explanations.
“This was not a breach of the national security,” Sulzberger said, referring to his 1971 decision to release the Pentagon Papers.
Sulzberger added that, “There is nothing more I am going to say about this.”
But with the first impression on this story favorable to Abramson, Sulzberger and his allies already seem to have lost.
When Sulzberger stepped down in 1997, revenue was $2.6 billion, about half of it from the newspaper.
“I thought you were checking in with Dean,” Sulzberger parries.