NY Times: Old York Times

The New York Times Company is girding for yet another fight with an activist investor. The newspaper company, controlled by the Sulzberger family, has recommended that shareholders not vote for hedge fund Harbinger Capital’s slate of board candidates. Harbinger has offered some useful suggestions for improving the company’s business strategy, and its nominees for the board are strong. With other shareholders rooting for Harbinger - the Times’ stock popped 12% after the firm upped its stake this ...