New York Times Has Enough Cash To Go Private

By: Edmund Lee | Bloomberg

New York Times Co. (NYT), after losing $7 billion in market value since 1999 amid plummeting industry advertising sales, is better positioned than ever to go private as Mark Thompson takes the reins.

Thompson, who slashed more than $1.6 billion in expenses as director general of the private, nonprofit British Broadcasting Corp., was named chief executive officer this week of the publisher controlled by the Ochs-Sulzberger family.

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