Thursday, February 08, 2007

No New York Times (NYT) Sale Says Analyst

According to reports from Bloomberg, a Lehman Brother analyst said a sale of the New York Times Co. (NYSE: NYT) to Warren Buffett or any other entity is highly unlikely due to the Sulzberger family control of the company.

Shares of New York Times closed up 3.8% Wednesday on rumors the billionaire was buying shares in the company. The stock is 2% lower today.

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