The NYT under new management? : Lone Star Times

The NYT under new management?

by Rorschach · 11/30/2006 2:33 pm

That may well come to pass. Insurance Billionaire Maurice “Hank” Greenberg is currently buying large blocks of NYT stock in an attempt to wrest control of the corporation from the Sulzberger family. NYT’s corporate bylaws are odd in that they allow the Sulzberger family to hold only 10% of the stock while still being able to name more than half the board of directors. He is joined by other discontent stock holders such as Morgan Stanley investments in wanting to halt the dual class stock structure.

Ladies and gentlemen, this could get ugly.

(Hat Tip: Right Wing News)

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Comments

5 Responses to “The NYT under new management?”

Al Williams on November 30th, 2006 at 2:56 pm

could get? heh

it already is… wait til Pinch finds out a right-winger stole his newspaper from him…
Jean on November 30th, 2006 at 3:03 pm

Man I would like to think ANYONE would be an improvement. I wonder about anyone who keeps any ties with that whole thing though.
I’ve been hoping & praying for years that someone would yank the chains of that traderous bunch, and do a smack down.!
fasternu426 on November 30th, 2006 at 3:31 pm

I’d rather read this paper anyway. It’s closer to being factual that the NYT and they don’t use all them big words….
http://www.weeklyworldnews.com/
Chuck on November 30th, 2006 at 4:55 pm

As I read the post article, it is impossible to oust Pinch without just buying him out directly.

Greenberg has something else in mind.

Chuck
JRB on November 30th, 2006 at 6:29 pm

If the Gov. started locking these guys up for publishing classified documents, you could buy the rag at a fire sale price and close it down. I know the press is supposed to be free,but, didn’t someone once say something about ” Yelling fire in a movie theater”?