{"id":12070,"date":"2009-09-23T06:24:16","date_gmt":"2009-09-23T10:24:16","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12070"},"modified":"2009-09-23T06:24:16","modified_gmt":"2009-09-23T10:24:16","slug":"harbinger-capital-cuts-stake-in-new-york-times-co-to-164-pct-calls-company-a-core-holding","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2009\/harbinger-capital-cuts-stake-in-new-york-times-co-to-164-pct-calls-company-a-core-holding.html","title":{"rendered":"Harbinger Capital cuts stake in New York Times Co. to 16.4 pct, calls company a &#8216;core holding&#8217;"},"content":{"rendered":"<p>Hartford Courant &#8211; Harbinger Capital Partners LLC says it has sold part of its 20 percent stake in <span class=\"taxInlineTagLink\">The New York Times<\/span> Co., but still considers the company a core holding.<\/p>\n<p>The hedge fund said in a securities filing this week that it sold 5 million Times shares at $8.25 each. That leaves it with about 23.5 million shares, or a 16.4 percent stake in the company.<\/p>\n<p>Fund spokesman Charles V. Zehren says the media company &#8220;is still a core holding, and the sale was done to take advantage of the strength in the market.&#8221;<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.courant.com\/business\/nationworld\/wire\/sns-ap-us-new-york-times-harbinger,0,1329518.story\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hartford Courant &#8211; Harbinger Capital Partners LLC says it has sold part of its 20 percent stake in The New York Times Co., but still considers the company a core holding. The hedge fund said in a securities filing this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4652,11148],"class_list":["post-12070","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-harbinger-capital-partners","tag-hedge-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12070"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12070\/revisions"}],"predecessor-version":[{"id":12071,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12070\/revisions\/12071"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}