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Report: Morgan Stanley Sells Entire NY Times Stake

Authored by Scott Goldberg on October 17, 2007 - 5:51pm.
The New York Times BuildingThe second largest shareholder of The New York Times, Morgan Stanley, sold its entire stake in the company today, according to Bloomberg.  The sale pummeled the stock, sending it to its lowest level in over 10 years.  Bloomberg cited a source who wished to remain unnamed, as Morgan Stanley hasn’t officially announced the sale.
tags: Newspapers | Gannett | USA Today | New York Times | Morgan Stanley | Bloomberg | McClatchey |