Wednesday, March 12, 2008

NY Times Chief Says Asset Sales Possible

New York Times Co. Chief Executive Janet Robinson said "there are no silver bullets" for turning around its business, in a presentation seemingly aimed at hedge funds that are seeking to overhaul the company's board and strategy.

Addressing a Bear Stearns media conference, Ms. Robinson also didn't rule out selling businesses outside its flagship newspaper -- something the dissident hedge funds have suggested -- but she outlined several financial and strategic hurdles to doing so. [Click for MORE]

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