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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.

A.G. was long-speculated to recieve the position after being promoted to Deputy Publisher last year. His two cousins, David Perpich and Sam Dolnick, who both hold high-level positions within the company, were also rumored to take the reigns.

In a statement, Arthur praised his son's ability to continue to lead The Times' transformation into a modern-day digital media company.

"I am completely confident that he (A.G.( - and his cousins who are working alongside him - will dedicate themselves to preserving the excellence at The Times that my family has been committed to for over 120 years.”

Under Arthur O. Sulzberger, Jr., The New York Times has managed to transform the company into a consumer-first business that relies more on subscription revenue than advertising.

  • The feat is significant given that many in today's media landscape are sturggling to monetize dgital advertising businesses amid the advertising dominance of Google and Facebook.
  • The Times recently announced that it now has more than 3.5 million paid subscriptions and more than 130 million monthly readers — more than double its audience just two years ago.

Go deeper

By the numbers: Catholics, Biden and abortion

Expand chart
Reproduced from Pew Research Center; Chart: Axios Visuals

President Biden — the second Catholic U.S. president — will meet with Pope Francis at the Vatican on Friday, as some church leaders debate whether to deny Holy Communion to politicians who support abortion rights.

By the numbers: Overall, two in three U.S. Catholics believe Biden should be allowed to take Communion despite his stance on abortion, according to polling by Pew Research Center.

Texas House probes school library books dealing with race and sexuality

Photo: Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images

Texas state Rep. Matt Krause, chair of the Texas House Committee on General Investigating, announced Wednesday that he's initiating a probe into schools' library books, according to a letter sent to the state's education agency and other superintendents.

Why it matters: The probe focuses on books that discuss race, sexuality or "make students feel discomfort, guilt, anguish or any other form of psychological distress because of their race or sex," Krause wrote in the letter.

6 hours ago - World

Iran agrees to resume Vienna nuclear talks in November

Ali Bagheri (R) with Enrique Mora in Tehran on Oct. 14. Photo: Iranian Foreign Ministry handout via Getty

Iran's new chief nuclear negotiator said following a meeting in Brussels on Wednesday that Iran would resume negotiations in Vienna before the end of November, with the exact date to be set next week.

Why it matters: The Vienna talks have been frozen since Iran's new hardline president, Ebrahim Raisi, was elected in June. This is the most direct commitment from Raisi's government to return to the negotiating table.

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