Will NY Times Go Private?
The "Times Co. hasn’t been rewarded for being a public company," and its potential sale of About.com would create a "mounting cash pile" to best position it to go private, writes Edmund Lee.
In Lee's article, two analysts argue in favor of this view, though the Times itself refuses to comment.
Still, “When you start to put all the pieces together -- the liquidation of the assets, paying down the debt, getting the pension liability under control, not buying back stock, not paying a dividend -- you have to wonder what’s going on,” Doug Arthur, an analyst with Evercore Partners Inc., tells Lee. “The question is, are they going private?”