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For the entire 20th Century you’d be hard pressed to find a better business than an American newspaper — Warren Buffett famously described them as “franchises” — and no American newspaper stood taller than the New York Times. Controlled by a single family bound by a legal oath “to maintain the editorial independence and integrity of The New York Times and to continue it as an independent newspaper entirely fearless free of ulterior influence and unselfishly devoted to the public welfare” the

The New York Times Company

Acquired