The New York Times Company's Board of Directors voted Thursday to suspend the quarterly dividend on the company's Class A and Class B common stock, a significant blow to the Sulzberger family and a sign of the company's financial struggles. The company had previously slashed its dividend from $0.23 per share to $0.06 per share in November 2008.
"Today's decision provides the Company with additional financial flexibility given the current economic environment and the uncertain business outlook," chairman Arthur Sulzberger...
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