Martha’s Vineyard Gazette sold to KKR co-founder Kohlberg

November 26, 2010

RTRQKOPI’ve always been thankful that my grandparents were good at playing the real estate game. Among their unlikely coups was buying a house in the 1960’s in Edgartown, the tony enclave on the island of Martha’s Vineyard, whose exclusive address had no correspondence to their income level. If they hadn’t bought it, there’s no way that my journalist’s salary would have been able to scoop up property like that. In the more than three decades that I’ve been going there, I’ve become a regular reader of the Martha’s Vineyard Gazette, the enormous broadsheet newspaper that has resisted the cost-cutting size reductions that many other newspapers in the United States have sustained.

New York Times struggles — silently

May 13, 2009

The New York Times spits out thousands of words a day through its newspapers. If it would only start coughing a few more up about Hollywood mogul David Geffen, who wants a piece of it, if not more. If the Times doesn’t tell its story soon, everybody else will.

Cablevision gets big new stakeholder, a Harbinger of things to come?

August 14, 2008

Cablevision has a new(ish) big stakeholder and things could get interesting as it is activist investor Harbinger Capital. According to a regulatory filing Harbinger now owns a combined 11 million shares in Cablevision through two funds as of June 30th, making it the 5th largest external stakeholder in the New York cable operator.

Sulzberger masters hedge funds, Sudoku

April 23, 2008

‘Father of Sudoku’ Maki KajiNew York Times Co Chairman and Publisher Arthur Sulzberger Jr. managed to deflect major shareholder insurrection this year by agreeing to offer two board seats to a dissident investor’s rival slate, where one presumes they might be somewhat more placid than when they were banging on the walls of the Gray Lady. Now it looks like he might be working the same charm on disaffected puzzlers.

Falcone takes raincheck on newspapers

March 20, 2008

stearns.jpgMost everybody in the U.S. newspaper publishing world knows Philip Falcone’s name nowadays, but it’s not entirely clear that he knows theirs. The Harbinger Capital Partners hedge fund manager’s notoriety comes from bankrolling efforts to secure large positions in the New York Times Co and Media General Inc, and then shake up the publishers by trying to get his own nominees elected to their boards.

Media General: We’re not the New York Times

March 19, 2008

The New York Times made its peace with hostile hedge fund Harbinger Capital Partners by nominating two members of its rival slate to its board, but a few hundred miles south in Richmond, Virginia, Media General declared war instead.