Sulzberger Heirs Want to Sell Stock

When late New York Times publisher Arthur Ochs Sulzberger died on Sept. 29, he left behind a $70.2 million estate that included $41 million in stock held in The New York Times Co.—but a report out on Thursday suggests his children want to sell their stock in the company. Sulzberger’s four children were named executors of the estate, and court records show that three of the siblings have waived their rights in a move to facilitate the sale of those Times Co. shares. It’s unclear whether they hope to unload some or all of the stock. Once the sale is complete, the Sulzbergers are asking the court to allow all the children to serve as executors on the rest of the estate, including a $5 million Fifth Avenue co-op and a $7 million Southampton compound.