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.”

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