Proxy Battle at the NYT

Get ready folks. Looks like there’s some ol fashioned proxy wrastlin’ brewing down yonder at the NYT:

A dissident investor stepped up pressure on The New York Times Co. Friday, formally proposing its own slate of four directors and saying the company needs to take more drastic action to compete online.

Harbinger Capital, an investment firm that now owns about 19 percent of the company, filed its own proxy statement with the Securities and Exchange Commission listing its nominees for directors to be elected at the Times’ annual meeting April 22.
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Original Source

  29 February, 2008| Economy | @ 18:27

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