{"id":197172,"date":"2008-02-26T00:04:00","date_gmt":"2008-02-26T05:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/02\/26\/hedge-funds-up-stakes-in-ny-times-company-in-preparation-for-proxy-fight\/"},"modified":"2008-02-26T00:04:00","modified_gmt":"2008-02-26T05:04:00","slug":"hedge-funds-up-stakes-in-ny-times-company-in-preparation-for-proxy-fight","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/02\/26\/hedge-funds-up-stakes-in-ny-times-company-in-preparation-for-proxy-fight\/","title":{"rendered":"Hedge Funds Up Stakes in NY Times Company in Preparation for Proxy fight"},"content":{"rendered":"<p>Two hedge funds have <a href=\"http:\/\/www.nytimes.com\/2008\/02\/26\/business\/media\/26times.html?_r=1&amp;ex=1361768400&amp;en=e35a04ac68142465&amp;ei=5088&amp;partner=rssnyt&amp;emc=rss&amp;oref=slogin\">increased their stake in the NY Times company to 19%<\/a>, and they are agitating for 4 of the 13 seats on the board of directors. (The other 9 seats are controlled by the Sulzberger family by virtue of the two tiered stock structure).<\/p>\n<p>I think that this is the first stage of an assault on the two tiered stock structure. <\/p>\n<p>The strategy of the hedge funds could fall into one of three categories:<\/p>\n<ul>\n<li>They intend to make enough of a nuisance of themselves to get Times Co. to pay them off to leave.<\/li>\n<li>They intend to take over and break up the company for profit.<\/li>\n<li>They intend to take over to change the editorial direction of Times Co.<\/li>\n<\/ul>\n<p>I think that the last one is least likely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two hedge funds have increased their stake in the NY Times company to 19%, and they are agitating for 4 of the 13 seats on the board of directors. (The other 9 seats are controlled by the Sulzberger family by virtue of the two tiered stock structure). I think that this is the first stage &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1129],"tags":[],"class_list":["post-197172","post","type-post","status-publish","format-standard","hentry","category-business","category-journalism"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197172"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197172"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}