nyt overview - stations The company announced that WQXR was...

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1) Provide an overview of the company, the types of business it engages in and any important recent events affecting the company’s operation or financial position. The New York Times Company is an American Company that was founded by Henry Jarvis Raymond and George Jones and the first newspaper was printed in September 18, 1951. From then and on the company has expanded in various media fields. The company also owns dozen regional newspapers in the United States and includes 35 web sites in her company. In 2005 she acquired About.com which is an internet site that provides information to consumers. On the contrary in 2007 the company announced the sale of Broadcast Media Group that involved nine local television
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Unformatted text preview: stations. The company announced that WQXR was to be sold to WNYC, who on October 8, 2009 moved the station to 105.9 FM and began to operate the station as a non-commercial. This $45 million transaction, which would involve Univision Radio's WCAA moving to the 96.3 FM frequency from 105.9 FM, signaled the end of the Times' 65-year ownership of the station The company also expanded in the philanthropic area and it has created a foundation the New York Times company foundation that is focused in helping the children, the needed , the disabled and the elderly. For eight consecutive years, using funds from its endowment, the Neediest Cases Fund has funded a summer jobs program for disadvantaged teenagers....
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This note was uploaded on 01/30/2011 for the course FIN 402 taught by Professor Keys during the Spring '10 term at Florida Southern College.

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