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Innovation Report

Florence Snyder: A crowd of cousins at The New York Times

in Apolitical/Top Headlines by

The mortality rate for a family business is staggering. Seventy percent of them will fail or be sold before the founders’ children come of age. Just 10 percent remain active, and in family hands when the third generation is old enough to work for a living. The chances are close to zero that a family business will be around to provide employment for a fifth generation. Somehow, the descendants of newspaperman Arthur Ochs beat the odds. Ochs founded The New York Times in 1896. This…

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