Pay attention to this breaking-news from MarketWatch (a Dow Jones company):
Maurice “Hank” Greenberg, the former CEO of American International Group, has started buying “huge blocks” of New York Times shares in a bid to break the Sulzberger family’s control, according to a report in The New York Post.
The newspaper cited unnamed sources as saying that Greenberg has been buying hundreds of thousands of Times shares.
A Greenberg spokesman declined to discuss the specifics of his investment in the Times, but told the newspaper he is “exploring several options with respect to media companies.”
The New York Times had previously reported that Greenberg was interested in buying The Tribune Co. or Dow Jones & Co.
A massive attack that will continue for sure in the next few hours.