• The Wall Street Journal, Friday, April 24, 2009 9:30 AM

New York Times Co. Chairman Arthur Sulzberger Jr. says there are no plans to take the company private. At the publisher's shareholders meeting yesterday, Sulzberger also said that Carlos Slim, the Mexican billionaire who recently became one of the company's largest shareholders, has not sought representation on the board.

Taking the New York newspaper private is an option the company has looked at in the past, say insiders. The shareholders meeting came two days after the publisher reported a first-quarter loss as advertising revenue fell 27%. Sulzberger said there "is no one solution" to the secular problems facing the newspaper industry, but the company believes advertising will recover.

Separately, Sulzberger told shareholders that The New York Times and its other newspapers will be "exploring a new online financial strategy" and suggested the Times would look again at trying to get paid for its content.

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