Prompted by the news that the legendary Graham family had sold the Washington Post to Amazon.com founder Jeff Bezos, the chairman and vice chairman of its competitor The New York Times, Arthur Sulzberger Jr. and Michael Golden, sent a memo to staff Wednesday to assure them that the newspaper is “not for sale.”
From the memo, obtained by Politico:
We were all taken by surprise on Monday afternoon with the announcement of the Graham family’s decision to sell The Washington Post. Surprise probably doesn’t cover it; we were stunned.
This leads us to the Ochs-Sulzberger family and this great institution, The New York Times. There has been much speculation and understandable concern about what this could mean for us. Will our family seek to sell The Times? The answer to that is no. The Times is not for sale, and the Trustees of the Ochs-Sulzberger Trust and the rest of the family are united in our commitment to work together with the Company’s Board, senior management and employees to lead The New York Times forward into our global and digital future.