Posted on 10/21/2007 4:40:53 AM PDT by jimbo123
Edited on 10/21/2007 5:33:54 AM PDT by Admin Moderator. [history]
It should have been a good week for the New York Times-controlling Sulzberger family after they beat back a cantankerous shareholder, ending a two-year battle over the dual-class share system the company employs to keep the family in control of the newspaper publisher.
(Excerpt) Read more at nypost.com ...
I love the free market! lol
ping
Then let’s all hope it sees $17, and lower, on Tuesday.
can only hope that the 3rd quarter results sink like a stone...
then the stock price sinks just as fast and will mena that it will be dumped...
if the the value of the stock & company drop fast enough...maybe the family will finally dumped the lib/dem pinch and start publishing news rather than opinion and the leftwing agenda!!!
When the NYT sinks to the penny stock category, I’m going to open my wallet and buy a dime’s worth. It’ll be like owning a piece of the Berlin Wall.
I guess liberalism really is a mental disease.
Nothing like losing $220 million in value and you still think your ideology bent is mainstream
And the cry goes up "Voting Stockholders and Family First!"
I expect the Sulzberger family is ok with this. As the price falls at some point they have the opportunity to buyout the public stock and take the corporation private, ridding themselves of meddlesome investors and related fiduciary duties to the public.
T Rowe Price should be investigated by the SEC for Enronning its mutual fund owners with its massive number of NYT doggie class stock!:
http://moneycentral.msn.com/ownership?Symbol=nyt
The link below shows that T Rowe owned 20% of the outstanding doggie shares of NYT. That is a total Enronning of the mutual fund and pension fund share owners.
http://moneycentral.msn.com/ownership?Holding=5%25+Ownership&Symbol=NYT
And you told us over a year ago that anyone who had a mutual fund with NYT stock should sell it. You were right.
Oh yeah.
T Rowe Price has sold off 500,000 shares of NYT from its Equity Income Fund in the past quarter. They still hold 8,000,000 shares in the fund. They’re probably waiting to see if NYT is going to cut their dividend before deciding whether to dump the stock.
T Rowe Price has NOT sold off any of their NYT shares in their Value Fund in the past quarter. The fund currently holds 1,950,000 shares.
T Rowe Price contact info:
General Information
1-800-225-5132
Weekdays: 7 a.m. to 12 a.m. ET
Weekends: 8:30 a.m. to 5 p.m. ET
Current Mutual Fund Customers
1-800-225-5132
Weekdays: 7 a.m. to 12 a.m. ET
Weekends: 8:30 a.m. to 5 p.m. ET
And the hits just keep on coming.Pinchys advanced state of syphlis is the cause.
When you give deep discounts to left wing ads and refuse to take right wing ones it does tend to affect revenue.....LOL !
Here's hoping!
“And you told us over a year ago that anyone who had a mutual fund with NYT stock should sell it. You were right.”
Amazing isn’t it?!
So many mutual fund owners/buyers have been programmed that selling a mutual fund or complaining about performance or their funds buying a losing stock like this one is un American.
I sold my Fido funds with NYT shares over 3 years ago.
“T Rowe Price has sold off 500,000 shares of NYT from its Equity Income Fund in the past quarter. They still hold 8,000,000 shares in the fund. They’re probably waiting to see if NYT is going to cut their dividend before deciding whether to dump the stock.”
I think that they are playing two games with their mutual fund share owners:
1. Using their money to prop up this liberal left wing company, the Ny Slimes/NYT.
2. Playing the Enron Ponzi Shell game re the dividends NYT has been kicking out. That will be roaring to an end one of these days.
When MS dumped its NYT ownership last week, that was a loud warning to the other mutual fund companies squandering its mutual share owners $’s on this left wing loser.
Thanks for posting these contact numbers.
T Rowe Price contact info:
Current Mutual Fund Customers
1-800-225-5132
Weekdays: 7 a.m. to 12 a.m. ET
Weekends: 8:30 a.m. to 5 p.m. ET
Freepers, owning TRP funds with NYT holdings should phone these Enroners and ask what the hell is going on?
Or Freepers with parents or grandparents owning these at risk funds need to help their parents/grand parents shed these losers.
T Rowe Price also owns 6% of the TRB, loser fishwrap stock, the Tribune which includes the LA Slimes:
http://moneycentral.msn.com/ownership?Symbol=TRB
Nearer, my God, to Thee, nearer to Thee!
E’en though it be a cross that raiseth me,
Still all my song shall be, nearer, my God, to Thee.
Refrain
Nearer, my God, to Thee,
Nearer to Thee!
Nearer My God, To Thee
Sara Adams, 1841
T Rowe Price, also, owns a chunk of Gannett, USA Lies Today:
http://moneycentral.msn.com/ownership?Holding=Institutional+Ownership&Symbol=GCI
Excellent :
http://moneycentral.msn.com/ownership?Holding=Mutual+Fund+Ownership&Symbol=GCI
American Funds, Fidelity, Vanguard...
I guess that the NY Slimes is still in the S&P 500. So any company with a SPY index fund will buy NYT.
One wonders how long NYT can hang in there as a member of the S&P 500.
Thanks for the ping.
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