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Will the N.Y. Times heirs follow the L.A. Times heirs and dump the family paper?

October 6, 2008 | 11:04 am

The fate of the family-owned New York Times, like the L.A. Times before it, is soon to be in the hands of its heirs. Will the Sulzberger kids hang on to their family legacy, or will they do as the Chandlers did?

New York magazine asks the questions: "Which is more important to a 25-year-old Ochs-Sulzberger heir: the sense of honor that comes with owning the New York Times, or enough money to do whatever he wants for the rest of his life?"

And: "Will prestige and legacy alone be enough to sustain the next generation? As the financial fortunes of the New York Times wither, the sad truth is that they may not have a choice."

The rest of the story is here.

--Veronique de Turenne