The New York Times Co. Sees Fit to Restore Its Dividend

The New York Times headquarters Photograph by Scott Eells/Bloomberg

The New York Times Co., one of the last ones standing in pure-play newspaper journalism, is reinstating its dividend after a five-year hiatus. Is the Gray Lady finally healthy enough to return some cash to long-suffering shareholders (including, crucially, the Ochs Sulzberger family, which controls the paper with its super-voting stock)? Or is this move another in a long string of financial blunders?

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