Harbinger Ups NYTCo Stake; Now Owns Nearly 19.4 Percent

This story was written by Joseph Weisenthal.
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.

By Joseph Weisenthal

Popular on CBS News


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.