Biography:

The New York Times was founded in 1851 by Henry Jarvis Raymond and was a penny newspaper. Its original title was the New-York Daily Times.  Its first editors decided to appeal to a cultured and intellectual readership rather than appealing to mass audiences. Consequently, the newspaper’s early years were troubled, as many readers found its tone off-putting and unapproachable. The newspaper increased its circulation in the 1870s when it published a series on William Tweed, the boss of Tammany Hall.  The paper exposed his corruption, published evidence of his criminal behavior, and, consequently, helped put an end to Tammany Hall.  When Adolph Simon Ochs, publisher of the Chattanooga Times, bought the paper in 1896, it was losing $1000 a week.  Ochs transformed the publication into an internationally respected daily and invented the paper’s slogan “All the news that’s fit to print.”