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media/telecom

Activist Investor Builds 7% Stake in New York Times, Urges Subscription Bundle Push

By
Stephen Council
· · Source: Bloomberg

The New York Times Company had been expanding beyond news for years, building popular cooking, games and reviews platforms and, in January, purchasing The Athletic for $550 million. Now, activist investor ValueAct Capital Management says it’s time to cash in. The San Francisco-based company told investors in a letter Thursday that it had built a 7% stake in the Times, according to Bloomberg ....

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