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February 19, 2009
New York Times suspends dividend
The New York Times Company has suspended its dividend entirely, three months after cutting the pay-out by almost three-quarters...Slim, the Mexican billionaire. The company said then it would use the proceeds to get it through a May...dividend cut came on Thursday as the New York Times settled a $27m defamation suit brought... By Andrew Edgecliffe-Johnson in New York
May 12, 2009
Geffen sets sights on New York Times
...for the 19.8 per cent stake in the New York Times Company held by Harbinger Capital Partners, the activist US hedge fund controlled...s most prestigious newspaper company. The Ochs-Sulzberger family, which controls the New York Times through a class of shares with super... By Matthew Garrahan in Los Angeles and Kenneth Li and Andrew Edgecliffe-Johnson in New York
January 31, 2007
Globe a strain for New York Times Company
A massive write-down for the Boston Globe newspaper and other ailing New England media properties led the New York Times Company to swing to a $648m loss for the fourth quarter. The write-down amounted to $814m and followed recent announcements... By Joshua Chaffin in New York
July 23, 2008
Ad sales drop 16.4% at New York Times
...Janet Robinson, chief executive of the New York Times Company, predicting a “tough” second half...Revenue fell 6 per cent to $742m. The New York Times Company’s results were the latest sign of gloom from the newspaper... By Joshua Chaffin in New York
February 1, 2008
New York Times reports 13% drop in ad sales
The New York Times Company yesterday offered fresh evidence that the US economy could be heading for recession after its...13 per cent drop in December advertising sales. The Times said advertisers pulled back in healthcare, technology... By Joshua Chaffin in New York
February 22, 2008
New York Times ready for showdown on board choices
The New York Times Company's feud with two hedge fund investors appeared to escalate yesterday when the media company urged shareholders to...have now upped their stake in the company to 15.6 per cent, making them the largest shareholder. Mr Galloway has called for the Times to focus more on its digital strategy...that it was still reviewing the four new directors Harbinger has proposed for... By Joshua Chaffin in New York
February 29, 2008
Harbinger of conflict at New York Times
...funds sought to ratchet up pressure on the New York Times Company on Friday by formally proposing their own slate of directors for the company’s board. In a preliminary...Galloway, on a collision course with the Times and its chairman, Arthur Sulzberger Jr, ahead of the company’s April 22 annual meeting. Since... By Joshua Chaffin in New York
April 19, 2006
Investors target the New York Times
Investors led by Morgan Stanley yesterday mounted an attack on the leadership of the New York Times Company, and called for a removal of the dual share structure that has allowed the Sulzberger family to preserve their control... By Joshua Chaffin andJames Politi in New York
April 19, 2006
Investors target New York Times leadership
Investors led by Morgan Stanley on Tuesday mounted an attack on the leadership of the New York Times Company, and called for a removal of the dual share structure that has allowed the Sulzberger family to preserve its control... By Joshua Chaffin and James Politi in New York
April 24, 2007
New York Times Company
...familiar with it than those of the New York Times. Even Arthur Sulzberger, however...have been a touch surprised by the scale of the latest shareholder revolt against the company’s dual-class share structure...that there will be no change to New York Times Company’s ownership structure – which leaves the family trust firmly in control...case of a family running a listed company like a private fiefdom. Since 2004, the New York Times share price performance has been...