Thank You Chairman Arthur Sulzberger for dumping 50K shares on 11/4
He sold at 11.70 and stock has nose-dived ever since. Represented almost 13% of his total holdings in NYT. Arthur publicly stated weeks prior to that that his family is not selling the NYT and the company is not for sale, but then he turns around and liquidates a substantial chunk of his personal stock.
The credibility of the NYT ultimately rests in this guys hands... what does this stock sale say to the current management when its owner and chairman is blatantly lying about his personal intentions? This guy is no longer looking out for shareholder interests and should quietly retire to his upper west side palace.