SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. N/A) *
THE NEW YORK TIMES COMPANY
(Name of Issuer)
CLASS A COMMON STOCK
(Title of Class of Securities)
No. 650111107
(CUSIP Number)
Check the following box if a fee is being paid with this
statement (X). (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the
class of securities described in Item 1; and (2) has filed
no amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See
Rule 13d-7.)
*The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 7 Pages
<PAGE>
13G
CUSIP No. 650111107 Page 2 of 7 Pages
- ----------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
William O. Taylor
###-##-####
- ----------------------------------------------------------------------------
2. Check The Appropriate Box If A Member Of A Group*
(a)
(b) (X)
- ----------------------------------------------------------------------------
3. SEC USE ONLY
- ----------------------------------------------------------------------------
4. Citizenship or Place of Organization
- ----------------------------------------------------------------------------
5. Sole Voting Power
Number of 253,552
Shares
Beneficially 6. Shared Voting Power
Owned By 8,355,376
Each
Reporting 7. Sole Dispositive Power
Person 253,978
with
8. Shared Dispositive Power
8,354,950
- ----------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned By Each Reporting Person
8,608,928
- ----------------------------------------------------------------------------
10. Check Box If The Aggregate Amount in Row (9) Excludes Certain Shares*
See Exhibit I.
- ----------------------------------------------------------------------------
11. Percent of Class Represented By Amount in Row 9
8.09%
- ----------------------------------------------------------------------------
12. Type of Reporting Person*
IN
- ----------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
WOT Schedule 13G Page 3 of 7 Pages.
Cusip No. 650111107
Item 1(a). Name of Issuer:
The New York Times Company
Item 1(b). Address of Issuer's Principal Executive Offices:
229 West 43rd Street
New York, NY 10036
Item 2(a). Name of Person Filing:
William O. Taylor
Item 2(b). Address of Principal Business office or, if none, Residence:
135 Morrissey Boulevard
P.O. Box 2378
Boston, MA 02107-2378
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Class A Common Stock, $.10 par value.
Item 2(e). CUSIP Number:
650111107
Item 3. This statement is not filed pursuant to Rules 13(d)-1(b) or
13d-2(b).
Item 4. Ownership:
(a) Amount beneficially owned:
8,608,928 (see Exhibit I attached hereto).
(b) Percent of class: 8.09% (see Exhibit I attached
hereto).
(c) Number of shares owned by William O. Taylor:
(i) sole power to vote or to direct the vote:
253,552.
(ii) shared power to vote or to direct the vote:
8,355,376.
(iii) Sole power to dispose or to direct the
disposition of: 253,978.
(iv) shared power to dispose of or to direct the
disposition of: 8,354,950.
Item 5. Ownership of Five Percent or less of a Class:
Not Applicable.
<PAGE>
WOT Schedule 13G Page 4 of 7 Pages.
Cusip No. 650111107
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Other persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from
the sale of, some but not all of the securities listed in
Item 4(a), but except as indicated on Exhibit I attached
hereto, no one person to the extent of more than five
percent of the outstanding shares of the Issuer's Class A
Common Stock.
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of the Group:
Not applicable.
Item 10. Certification:
Not applicable.
Signature:
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: February 4, 1994
Signature: /s/ WILLIAM O. TAYLOR
-----------------------
Name/Title: William O. Taylor
<PAGE>
WOT Schedule 13G Page 5 of 7 Pages.
Cusip No. 650111107
EXHIBIT I
The New York Times Company (the "Company") has one class of common stock,
Class A Common Stock $.10 per value ("A Stock"), registered pursuant to Section
12 of the Securities Exchange Act.
As of December 31, 1993, deeming the shares of A Stock subject to options
exercisable at any time within 60 days of December 31, 1993, to be issued and
outstanding shares of A Stock as of that date, I beneficially owned 8,608,931
shares of the Company's A Stock, or 8.09% of the A Stock outstanding on that
date.
I have the voting and dispositive power for certain shares of A Stock of
which I am a beneficial owner as indicated below:
Sole Shared Sole Shared
Beneficial Voting Voting Investment Investment
Holder Power Power Power Power
- ---------- ----- ----- ----- -----
William O. Taylor 218,376 218,376
William O. Taylor Trust
Trustees: Fiduciary Trust Company
William O. Taylor 8,437 8,437
James D. Colt
William O. Taylor 35,176 35,176
(options to acquire shares of
A Stock exercisable within 60 days
of 12/31/93)
Evans S. Pillsbury III Unitrust 96,900 96,900
Trustees: William O. Taylor
Boston Safe Deposit
& Trust Co.
I own 6,608,787 shares as one of three Jordan Trust trustees, with respect
to which I have shared voting and dispositive power. Under the terms of the
Jordan Trust, there are at present six trusts for the benefit of the issue of
its testator, Eben D. Jordan who died in 1895. All six trusts will terminate
in 1996. Below are indicated the income beneficiaries of each trust and the
number of shares of A Stock in each trust:
# of Shares
Income Beneficiary(ies) In Trust
----------------------- --------
1. Dorothy R. Kidder 2,213,256
2. Jeremy P.F. Clay 1,009,506
3. Bridget F. Symonds 1,009,507
4. Lucilla Clay 81,631
5. Peter Robert Clay 81,631
6. Seven beneficiaries (no one of whom
is entitled to more than 1/6th of
the income of such trust) 2,213,256
<PAGE>
WOT Schedule 13G Page 6 of 7 Pages.
Cusip No. 650111107
Ownership of all of the shares of A Stock held in the foregoing six sub-
trusts is in a single voting trust, the Jordan Voting Trust, which terminates
on January 16, 1996. I, together with Roland D. Grimm and Robert A. Lawrence,
are the voting trustees under the Jordan Voting Trust and share all voting
rights with respect to the shares of A Stock held in the Voting Trust. Until
January 16, 1996, we trustees are required to vote the shares of A Stock held
in the Voting Trust as recommended by the Company's Board of Directors as
specified in a Stockholders Agreement dated June 11, 1993 among the Company and
certain persons, including the Voting Trust who are now beneficial holders of
shares of A Stock (the "Stockholders Agreement"). Dispositive power with
respect to such shares continues to be shared by the three of us as trustees
under the Jordan Will. Voting Trust certificates have been issued by the
Jordan Voting Trust to the trustees under the Jordan Will for the benefit of
each of the six individual or group beneficiaries under the Jordan Will
referred to above, in an amount equivalent to a respective number of shares of
A Stock formerly held in such beneficiary's or group's sub-trust under the
Jordan Will.
I am one of the five voting trustees of the Globe Voting Trust. As of
December 31, 1993, the Globe Voting Trust was the record holder of 4,821,120
shares of A Stock. The Globe Voting Trust had outstanding on that date an
equal number of Units. Each Unit in effect represents one share of A Stock.
The certificates representing Units are held principally by various descendants
of General Charles H. Taylor or by trusts for their benefits. The Globe Voting
Trust will terminate on September 30, 2003, but may be terminated sooner, by a
unanimous vote of the Globe Voting Trust voting trustees or by action of the
holders of 66-2/3% or more of the outstanding Globe Voting Trust Units. Except
for major corporate transactions such as mergers or dispositions of
substantially all of the Company's property, the Globe Voting Trust voting
trustees have sole power to exercise voting rights of stockholders with respect
to shares of A Stock held by the trust. Until January 16, 1996, the trustees
are required to vote some of the shares of A Stock held by the trust as
recommended by the Company's Board of Directors as specified in the
Stockholders Agreement. The trustees of the Globe Voting Trust have no power
to dispose of or to direct the disposition of shares of A Stock held by the
Globe Voting Trust. Holders of Globe Voting Trust Units, subject to
disposition restrictions of the Globe Voting Trust, have the power to dispose
of or to direct the disposition of Globe Voting Trust Units or the underlying
shares of A Stock.
I have voting and dispositive power with respect to shares of A Stock held
in the Globe Voting Trust as indicated in the following table:
Shared Sole Shared
Holders of Globe Voting Investment Investment
Voting Trust Units Power Power Power
- ------------------ ----- ----- -----
William O. Taylor 426 426
C.H. Taylor 1993 Globe Trust 199,656 199,656
Trustees: Charles H. Taylor, Jr.
William O. Taylor
Boston Safe Deposit & Trust Co.
<PAGE>
WOT Schedule 13G Page 7 of 7 Pages.
Cusip No. 650111107
Shared Sole Shared
Globe Voting Voting Investment Investment
Trust Holder Power Power Power
- ------------ ----- ----- -----
C.H. Taylor Globe Family Trust 248,400 248,400
Trustees: Charles H. Taylor, Jr.
William O. Taylor
Boston Safe Deposit & Trust Co.
Elizabeth T. Fessenden Trust 625,816 625,816
Trustees: William O. Taylor
Edward L. Bigelow
Neil W. Rice
Evans S. Pillsbury III Marital Trust 311,318 311,318
Trustees: William O. Taylor
Boston Safe Deposit & Trust Co.
Evans S. Pillsbury III Residual Trust 192,218 192,218
Trustees: William O. Taylor
Boston Safe Deposit & Trust Co.
William O. Taylor Trust 63,418 63,418
Trustees: Fiduciary Trust Company
William O. Taylor
James D. Colt
In computing the aggregate number of shares beneficially owned by me, I
have excluded those shares of A Stock in which I have beneficial interest
solely because I am a voting trustee of the Globe Voting Trust, since as a
voting trustee of the Globe Voting Trust, I expressly disclaim a beneficial
interest in such shares.
Under the terms of the Globe Voting Trust, persons other than myself
have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, Units of the Globe Voting Trust,
but no one person to the extent of more than five percent of the
outstanding shares of A Stock.
