Harbinger Capital trims stake in NY Times at a loss
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
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- a 11.68% ownership stake in the company.
- 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
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