N.Y. Times Co. will ensure family control.

The Ochs family said it will continue for another generation the current trust arrangement by which it controls the company. Under the will of Adolph S. Ochs, publisher of the Times from 1896 until 1935, Times stock is split into two types, a voting stock that is 80% family owned and not publicly traded and a publicly traded type with only limited voting power. The trust will end with the death of Ochs’ daughter, Iphigene, who is the mother of the current Times publisher and chairman, Arthur Ochs Sulzberger. Sulzberger and his sisters will create new trusts at that time. Any family member who tries to sell preferred stock must offer it first to the company or another family member, and any stock then sold outside automatically converts to limited voting status.