The International Herald Tribune is a widely read English language international newspaper. It combines the resources of its own correspondents with those of The New York Times and is printed at 33 sites throughout the world, for sale in more than 180 countries. The IHT is part of The New York Times Company. It has been based in Paris since its founding in 1887. Despite being held in high regard as a newspaper of record, it has been a money-losing paper for several years, even after significant investment from the The New York Times Company.
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The International Herald Tribune is a widely read English language international newspaper. It combines the resources of its own correspondents with those of The New York Times and is printed at 33 sites throughout the world, for sale in more than 180 countries. The IHT is part of The New York Times Company. It has been based in Paris since its founding in 1887. Despite being held in high regard as a newspaper of record, it has been a money-losing paper for several years, even after significant investment from the The New York Times Company.
History
The Herald was founded on October 4, 1887, as the European edition of the New York Herald by the parent paper's owner, James Gordon Bennett, Jr. The company is based in Neuilly-sur-Seine, a suburb of Paris.
In 1928, the Herald became the first newspaper distributed by airplane, flying copies to London from Paris in time for breakfast. Publication of the IHT was interrupted during Nazi Germany's occupation of Paris (1940–1944).
In 1959, John Hay Whitney, a businessman and US Ambassador to the UK, bought the New York Herald Tribune and its European edition. In 1966, the New York paper closed, but the Whitney family kept the Paris paper going through partnerships. In December 1966, The Washington Post became a joint owner.
The New York Times became a joint owner of the Herald in May 1967; the newspaper became known as the International Herald Tribune.
In 1974 the IHT began transmitting facsimile pages of the paper between nations and opened a printing site near London. In 1977, the paper opened a second site in Zürich.
The IHT began to send electronic images of newspaper pages from Paris to Hong Kong via satellite in 1980, making the paper simultaneously available on opposite sides of the planet. This was the first such intercontinental transmission of an English-language daily newspaper and followed the pioneering efforts of the Chinese-language Sing Tao Daily newspaper.
In 1991, The Washington Post and The New York Times became sole and equal shareholders of the newspaper.
In February 2005, it opened its Asia newsroom in Hong Kong.
As of 2007, the IHT is completely owned by The New York Times Company, after that firm purchased the 50% stake owned by the Washington Post Company on December 30, 2002. The takeover ended a 35-year partnership between the two domestic competitors. The Post was forced to sell when the Times threatened to pull out and start a competing paper. As a result, the Post entered into an agreement to publish selected articles in The Wall Street Journal's European edition. Since the takeover the newspaper has been subtitled "The Global Edition of the New York Times".
In 2008, the NYT Company announced the merger of New York Times and IHT websites.
