New Member For NYT Co. Board As Sulzberger’s Sister Steps Down

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By: E&P Staff

The New York Times Co. said late Thursday its board of directors nominated fourth-generation Sulzberger family member Daniel H. Cohen, a former reality TV producer, to the board, replacing Cathy J. Sulzberger who has chosen not to stand for re-election at the April 24 annual meeting.

Cathy Sulzberger, a director since 2002, is the sister of Arthur Ochs Sulzberger Jr., chairman of the board and publisher of the flagship New York Times. Cohen is a cousin of Arthur Sulzberger Jr., and Michael Golden, vice chairman of the Board and publisher of the International Herald Tribune.

“I am delighted to have Dan nominated to serve on our board,” Sulzberger said in a statement. “As a fourth-generation family member he brings a deep understanding of our company’s historic mission and its long-term business objectives.”

Sulzberger said his sister had served the company “with great dedication and commitment since 2002 and we are grateful for her vision and wisdom during these past years.”

Cohen, 54, founded DeepSee LLC, described as an oceanic exploration and submarine leasing company, earlier this year.

From 1999 to 2006, he was president of Dan Cohen & Sons LLC, a television production company whose reality shows included programs for the famous chef Bobby Flay. One of those programs won an Emmy in the category of Best Daytime Host.

Cohen was senior vice president, advertising of The New York Times from 1996 to 1999, and held several other positions at the Times Company in the advertising, circulation and corporate planning departments beginning in 1983.

In a separate announcement, the Times board declared a regular quarterly dividend of $.175 per share on the company’s Class A and Class B common stock. The dividend is payable on March 13 to shareholders of record on March 1.

The Times noted the dividend is the 153rd consecutive quarterly dividend paid on its common stock since it went public in 1969.

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