Members of the Sulzberger family are going to have to find new ways to pay their bills, as the New York Times Company suspends its dividend.NEW YORK--(BUSINESS WIRE)--The New York Times Company's Board of Directors today voted to suspend the quarterly dividend on the Company's Class A and Class B common stock. In November 2008, the Company reduced the payout level of its fourth-quarter dividend to $.06 per from $.23 per share in the third quarter of 2008."Today's decision provides the Company with additional financial flexibility given the current economic environment and the uncertain business outlook," said Arthur Sulzberger, Jr., chairman of the Company. "We have taken decisive steps to reduce capital spending, lower operating costs and re-evaluate our assets. Last month we announced a private financing transaction for $250 million in senior unsecured notes and warrants. We also recently announced that we are exploring the possible sale of our ownership interest in...(Read Full Post)