Times tells shareholders to rebuff hedge funds

Setting the stage for a potential showdown with activist investors, the New York Times Co. urged shareholders not to side with Harbinger Capital Partners and Firebrand Investments LLC at its April 22 shareholder vote, in a proxy filed Thursday.

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The publisher proposed a slate of directors in the Securities and Exchange Commission filing. Harbinger and Firebrand have proposed four directors of their own. Meanwhile, the two firms said they have raised their stake in the Times to more than 15% from around 12%.

Additional coverage will come later in The Daily Deal and on TheDeal.com. - Chris Nolter

See Times Co. filing from the SEC Edgar
See hedge fund filing from the SEC Edgar

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