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Posts Tagged ‘Arthur Sulzberger Jr’

NY Times Lost Early Amazon Opportunity

nytimes_logo.gifFormer NY Times CFO Diane Baker dished about a failed partnership between her paper and Amazon.com during the rise of Internet bookselling giant–a lost opportunity to earn money off the thousands of books sales generated by the Sunday Book Review section.

The revelation came in Vanity Fair‘s recent profile of Arthur Sulzberger Jr., where Baker talked about the paper’s slow move towards digital accounting in the mid-1990′s.

Here’s an excerpt from the long profile: “Not only would the [Amazon] deal have produced revenue from book sales, it would also have cemented a partnership with a tremendous future. [Baker] envisioned the newspaper as a virtual merchandising machine. Instead of the old carpet-bombing model of advertising, it would in effect target ads to readers of specific stories. ‘You know what they said?,’ Baker recalls. ‘They said, We can’t do it, because Barnes & Noble is a big advertiser.’”

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Conflict of Interest at the New York Times

Back on July 11, Gawker reported on the favorable treatment of The Forger’s Spell by the husband of Times board member Lynn Dolnick who is also the cousin of Times publisher Arthur Sulzberger Jr. A Times rep responded on July 12 to allegations in the New York Post’s Page 6: “We would disclose the family relationship if the author was employed by the company, a member of the board or otherwise influential in the operations of the company.”

However, according to a tipster:

Ms. Dolnick’s husband (Edward I. Dolnick) *IS* “influential in the operations of the company.” Per Times 2008 SEC filings he controls 30,685 Class A shares of NYTimes Corp (voting shares reserved for Sulzberger family). He also controls jointly with his wife 10,300 more Class A shares. In total, Edward Dolnick, who received 4 favorable notices for his new book in NYTimes in 2 weeks, controls 40,985 Class A shares of NYTimes Corp. See page 7, footnote 5: This conflict should have been disclosed clearly.