[anamax]

The New York Times Company operates under a dual-class stock structure where the Ochs-Sulzberger family holds roughly 95% of Class B shares. This family control allows them to elect 70% of the company's Board of Directors.

Copied from google's response to "new york times governance"

Google's AI also says that the NYT has had that structure since 1957.

Ford has something similar from the 1930s. (Dodge did too until it was bought.) Raylon (synthetic textiles) did it in the 1920s and the company behind Jack Daniels did it right after Prohibition.

Google says that the NYSE banned dual-class between 1926 and 1986; I don't know how to reconcile that with Ford.

[rtkwe]

A news org I see a valid reason for keeping two classes of stock I guess. It feels slimy elsewhere without that some editorial independence justification.