A Harbinger of Things to Come? Hedge Funds Increase Share in ‘NYT’

galloway
Scott Galloway at a Johnny Walker fashion show. Photo: Patrick McMullan

Avast! According to documents filed with the SEC, Firebrand Partners and Harbinger Capital Partners, the hedge funds seeking to put their nominees on the board of the New York Times, have increased their stake in the paper to 9.8 percent. (It was previously reported they owned 4.9 percent). We're no good at math, but we'd say that there's a 90 percent chance that soon enough, Firebrand's vagilante founder Scott Galloway will be sitting on the board, breathing his fiery Johnny Walker breath all over Arthur Schlesinger and Times chief executive Janet Robinson.

Hedge Funds Lift Stake in New York Times [WSJ]
Earlier: Vagilante Shareholder Scott Galloway Takes on the ‘Times’