Sulzberger Heirs Looking to Unload Inherited New York Times Stock

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Photo: Ramin Talaie

Late New York Times publisher Arthur Ochs Sulzberger left his four children $41 million in New York Times Company shares, at least some of which the family will now move to sell as soon as possible, DNAinfo reports. In order to do so without breaking the rules — or affecting the stock price — three of the heirs with business ties to the company have renounced their rights as executors of the will, for now, including current Times publisher Arthur Sulzberger Jr. Once that's out of the way, the siblings will deal with the rest of the will, like the $5 million Fifth Avenue apartment and the $7 million Southampton estate. Eventually, they'll figure out what they want to do with that newspaper too.