Thursday, October 18, 2007

How The New York Times Fell Apart

Boom! And down goes the biggest newspaper name of all.

As you may have read, yesterday brokerage giant Morgan Stanley dumped its entire stake -- $183 million worth -- in the New York Times, in which it was the second largest shareholder. Not surprisingly, Times stock immediately slumped, bottoming at a nearly 3 percent drop to $18.28 -- the lowest it has been in a decade. Read the rest.

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