Harbinger Capital "sold 1,500,000 shares of NYT on March 26th at a price of $11.20. After the sales, Harbinger is left with 16,886,799 shares remaining. As per the amended 13D, we now see that this totals
This is obviously a decrease from the last time when we saw their NYT stake in Harbinger's portfolio
. These recent sales come after Falcone's hedge fund reduced their NYT stake
back in December and in November as well. So, the selling continues at a very controlled pace....
- Yet again, Harbinger has sold shares at a loss. They initially acquired their stake between $15-20 per share almost two years ago when they invested over $500 million."...3/31 via Poynter.org/Romenesko