After Fighting to Change Upper Tier Management at the New York Times, Major Investment Bank Morgan Stanley Sells Off $183 Million in Shares

Mick Gregory

The New York Times empire is crumbling. Look out for falling debris. Stock is at a 10-year low.

Now, it is the top headline on the Drudge Report.

Morgan Stanley, the second-biggest shareholder in New York Times Co., sold its entire 7.3 percent stake today, according to a citizen journalist who knew of the transaction, sending the stock to its lowest in more than 10 years.

The Sarbanes-Oxley Act didn’t do anything for investor rights of New York Times stock.
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