{"id":7327,"date":"2008-03-18T00:00:00","date_gmt":"2008-03-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-win-seats-on-new-york-times-board","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2008\/hedge-funds-win-seats-on-new-york-times-board.html","title":{"rendered":"Hedge funds win seats on New York Times board"},"content":{"rendered":"<p>Guardian- Two hedge funds have secured seats on the board of the New York Times Company after a lengthy battle with the paper&#8217;s controlling Sulzberger family.<\/p>\n<p>Harbinger Capital Partners and Firebrand Partners originally demanded four seats, but their win is the first time since the NYT&#8217;s parent company went public in 1967 that it has accepted directors nominated by outsiders.<\/p>\n<p>However, the Sulzberger family will still have undisputed control of the majority of the board of the NYT, which is suffering declining advertising revenues.<\/p>\n<p>The two funds, which control 19% of common shares in the company, have agreed with the Times to nominate to the board leading rebel shareholder Scott Galloway, a founder of Firebrand, and James Kohlberg, the chairman of Kohlberg &amp; Company.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.guardian.co.uk\/media\/2008\/mar\/17\/pressandpublishing.mediabusiness%3Fgusrc%3Drss%26feed%3Dnetworkfront\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Guardian- Two hedge funds have secured seats on the board of the New York Times Company after a lengthy battle with the paper&#8217;s controlling Sulzberger family. Harbinger Capital Partners and Firebrand Partners originally demanded four seats, but their win is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7327","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7327","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7327"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7327\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}