Harbinger cuts New York Times stake again

Reuters – Hedge fund Harbinger Capital partners has cut its stake in The New York Times Co yet again, about two years after spending half a billion dollars to become one of its largest shareholders.

Harbinger reported a 12.79 percent stake in the Times Co’s publicly traded shares in a securities filing on Thursday. On Nov. 19, the company reported that it owned 14.64 percent of the Times’ shares.

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