NYT Co. dissident bails

Both the Wall Street Journal and TheStreet.com report that Morgan Stanley Investment Management (MSIM) has sold its entire 7.2% stake in the New York Times Company as the stock hit a 52-week low. MSIM manager Hassan Elmasry had battled for over two years with NYT Co. management, pressing to eliminate the super-voting stock rights that give the Ochs-Sulzberger family majority voting control with a minority ownership stake. 

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