Audio-An LBO on the New York Times? Not likely soon, Rattner says

April 12, 2007

A private equity buyout targetting the New York Times doesn’t look likely to happen anytime soon, says Steven Rattner, managing principal of private equity and hedge fund Quadrangle and a confidant of the paper of record’s chairman Arthur Sulzberger Jr. Rattner told the Reuters Hedge Funds and Private Equity Summit that while going private could address the Times’ current face-off with some of its shareholders, it would create “a whole other set of issues.”

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/