Harbinger Ups NYTCo Stake; Now Owns Nearly 19.4 Percent
A little surprising, since they already won board representation, but Harbinger has slightly upped its stake in NYTCo (NYSE: NYT). In a filing this evening, the firm says it made two buys earlier this week totaling 447,000 shares. This brings the group’s total stake to about 27.7 million shares, or a 19.36 percent stake in the company. At the end of February, when it last announced a purchase, it had about 22.2 million shares, or 19.03 percent of the company.
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Mar 20, 2008 9:54 PM ET
Posted In: Media & Publishing, Newspapers, Money, harbinger capital
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