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The New York Times gets a new publisher

AP Photo/Richard Drew, File

Longtime New York Times Publisher Arthur O. Sulzberger, Jr. is retiring at the end of the year, a position he's had for roughly 25 years since 1992. His son, Arthur Gregg (A.G.) Sulzberger has been named the new Times Publisher.

Why it matters: The family business lives on. A.G. becomes the fifth generation-Publisher to lead the news company, since his great, great grandfather Adolph S. Ochs bought the paper and was named publisher in 1896. The company has since gone public, but the Sulzberger family owns stock that gives it control over company functions.