Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
18 Feb 2021 Acquired The New York Times Company
“Crosses 100,000 in 1901, 200,000 in 1912, and by the 1920s after World War I, he's up at over three quarters of a million circulation, and has become the dominant, not just paper in New York but probably the most prestigious, most respected, most widely-known American journalistic organization out there, that when we think of The New York Times, this was it, it was all Ochs.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Feb 2021
- Publisher
- Acquired
- Episode
- The New York Times Company
Transcript context
…Yeah. What Ochs did was he basically made the bet that I can steal share from my competitors. There's plenty of people that want to read 3¢ news, but they will totally go to whoever is offering the 3¢ news at the 1¢ price. He was right and he stole a bunch of shares. The growth exploded when he dropped the price. Totally. Grows 3X in his first year. Back up to 30,000 circulation. By 1899, it's at 76,000, so back above the 75,000 that it had been. Crosses 100,000 in 1901, 200,000 in 1912, and by the 1920s after World War I, he's up at over three quarters of a million circulation, and has become the dominant, not just paper in New York but probably the most prestigious, most respected, most widely-known American journalistic organization out there, that when we think of The New York Times, this was it, it was all Ochs. This is the birth of the modern Times.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.