Friday, December 1, 2006

New York Times chairman mulling taking company private - report

New York Times, the New York listed newspaper group, is seeing its chairman mull taking the company private, reported the Boston Herald. The report, citing a report in Business Week, reported Chairman Arthur Sulzberger has been getting advice from Steven Rattner, who runs Quadrangle Group, about taking the New York Times private. According to the report, Rattner also held talks with members of the founding family that control the New York Times last spring to discuss alternatives including a LBO. New York Times has a market capitalization of USD 3.5bn. The Business Week article cited unnamed sources, according to the Boston Herald.



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