How Dividend Cut Puts NYT's Future in Play
But the dividend cut adds new urgency to the consideration. The independence of the newspaper is secure as long as the family hangs together. The key question is to what extent that family cohesion depends on a generous dividend.
Insiders have said the two are inseparable. "Once that dividend is cut, then all hell will break loose, because that's what the family lives on. Then it's over. It's going to unravel, " says one Times executive.