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
  • CBSNews

Comments

CBSN Live

pop-out
Live Video

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.