Och-Sulzberger family cuts stake in NYT Co.

The Ochs-Sulzberger family’s total stake in the New York Times Co. fell to 13% in the past year, from 15% a year ago, reports Keach Hagey.

“The reductions in the family’s broader stake have occurred since the company suspended its dividend in 2009, which had been a source of income for the family,” she writes.

Meanwhile, Tuesday’s [SEC] filing showed that the total compensation of Times chairman Arthur Sulzberger Jr. rose to $6.9 million in 2012 from $5.9 million the previous year. Last year’s total included salary of $1.1 million as well as “non-equity incentive plan compensation” of $3.9 million.

Mark Thompson, who became CEO in November, earned $3.3 million from Times Co. in 2012, including a salary of $92,154, bonus of $136,111, stock awards of $1.5 million option awards of $1.5 million. The company had previously disclosed that Mr. Thompson’s compensation package included an annual salary of $1 million, in addition to bonuses.

Ochs-Sulzberger family’s stake in NYT falls to 13% (wsj.com)