Vagilante Shareholder Scott Galloway and His Band of Muffkateers to Maraud the ‘Times’

Galloway
Photo: Patrick McMullan

Scott Galloway started out slow with the Times. "There is nothing wrong with the New York Times Company that cannot be fixed with what is right with the New York Times," the former frat boy and current NYU professor wrote in early February, when his investor group, made up of his Firebrand Partners and Atlanta hedge fund Harbinger Capital, revealed that they had acquired a 4.9 percent stake in the company. Two weeks later, they doubled their investment to nearly 10 percent, met with Arthur Sulzberger Jr., and nominated Galloway and three others for seats on the board. But when the current board recommended shareholders not vote for the nominees put forth by Galloway and his band of Muffkateers, well, that must have pissed them right off. According to The Wall Street Journal, SEC filings today will reveal that Galloway's group has raised their stake in the Times again, and that their latest purchase will bring them "closer to matching the number of publicly traded shares owned by the Sulzberger family." Watch your back, Arthur. The Trim Reaper is coming, and he is coming for ye.

Investor Group Raises Stake in New York Times Again [WSJ]
Related: Intel's coverage of Scott Galloway