Wednesday, October 17, 2007

Morgan Dumps NY Times Holdings

Bloomberg is reporting that Morgan Stanley has dumped their 7% share of the New York Times A shares. As Flying Debris noted last April most of the voting rights are vested in the B shares that are primarily held by the publishers, the Sulzberger family. As a P.O.B., Flying Debris predicted that Morgan would likely have trouble getting the Sulzberger family to cede voting rights to the A shareholders.

Update: Michelle Malkin had a NY Times A stock chart yesterday and it's not a pretty sight.

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