Friday, February 02, 2007

Morgan Stanley's Battle With New York Times Takes a New Turn

The battle between the New York Times and Morgan Stanley wages on. It will likely get uglier. Will Morgan win in the end?

According to reports from Bloomberg, the controlling families of the New York Times Co. (NYSE: NYT), the Ochs and Sulzberger families, have moved most of their assets from funds run by Morgan Stanley (NYSE: MS). The action follows Morgan Stanley's criticism of the New York Times' dual class of stock, which gives the families significant voting power.

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