What the article actually says is that it is all Bush's fault.
"The activist shareholders are—not dissimilar to the Bush White House—waging a press campaign against the Times. The dissidents—only Morgan Stanley Asset Management, with 5 percent, has taken a public stand, but Bruce Sherman's Private Capital Management, which forced Knight-Ridder into a sale, is one of the Times's largest shareholders—are claiming that the B shareholders, presiding over scandal, are being reckless with the Times's brand and with their stewardship of a national treasure."
The shareholders need to hold their feet to the fire.