Files under General | Jan
26th
As you know, The New York Times stock has dropped 63% since early 2005.
Now Harbinger Capital Partners, a Cayman Islands-based hedge fund, is trying to force its way onto the boards of the newspaper.
Harbinger said it would nominate four Class A directors for election at New York Times Co.’s annual meeting on April 22.
In a statement, New York Times Co. Chairman Arthur Sulzberger Jr. said the board’s nominating and governance committee would review the nominations “and make a recommendation to our shareholders in due course.”
So … more trouble ahead.
