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Additional data on Harbinger.
Harbinger is a New York affiliate of Harbert Management Corp., of Birmingham, Ala. It is led by Philip Falcone, a former hockey player at Harvard University who once ran junk-bond trading at Barclays Capital. The fund has turned up in an array of companies in the past year, accumulating shares in Northwest Airlines Corp. and Leap Wireless International Inc., among others. Last summer, it ran an unsuccessful proxy fight for seats on the board of Chicago steel company Ryerson Inc.

"They have done a good job managing money," says veteran media money manager Mario Gabelli, chief investment officer of Gamco Investors Inc., one of Media General's biggest outside investors and a small shareholder in the Times.

Harbinger, which scored big returns in the subprime-mortgage market in the past year, says its specialties include distressed situations. It is making two plays in the newspaper industry at a time when falling advertising and readership have created deep pessimism about the industry's prospects.

The Times is no exception to those trends. Its Boston Globe newspaper has been particularly hard hit.


Curious gatekeeping restoration activity detected with Harbinger link. Clicking from FR leads to an abridged WSJ story while clicking from google indirectly leads to an unabridged story.

Coral Ridge Ministries: Proclaiming truths that transform the world.


1 posted on 02/02/2008 8:38:48 AM PST by Milhous
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To: abb; PajamaTruthMafia; knews_hound; Grampa Dave; martin_fierro; Liz; norwaypinesavage; Mo1; onyx; ..

ping


2 posted on 02/02/2008 8:39:17 AM PST by Milhous (Gn 22:17 your descendants shall take possession of the gates of their enemies)
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To: Milhous
Why would the founder of Netscape be so upset over The New York Times hiring a pseudo-conservative that he makes his own “DeathWatch” on their behalf?

He shames his alma mater

4 posted on 02/02/2008 10:10:28 AM PST by ConservativeMind
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To: Milhous
You know, out of 13 person on that board, I count only 5 women. I think that is a very serious gender imbalance. Further, I don't see any Asian names. Further, how many of those people are black? There should be at least two on the board.

Mr. Sulzberger must take immediate action to rectify this grave matter.

6 posted on 02/02/2008 2:28:01 PM PST by Tribune7 (How is inflicting pain and death on an innocent, helpless human being for profit, moral?)
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