NY Times assets up for grabs
China Daily | Updated: 2008-12-30 07:56
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Jonathan Papelbon of the Boston Red Sox celebrates after defeating the Colorado Rockies in the 2007 baseball World Series in Denver, Colorado. Bloomberg News |
The New York Times Co, facing a $400 million debt repayment and a 60 percent drop in its stock price this year, is pursuing asset sales almost a year after its biggest investor demanded changes to the business.
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