Harbinger moves some New York Times shares to affiliate, closes equity swaps

By Angela McDaniels

Tacoma, Wash., Nov. 17 - New York Times Co. investor Harbinger Capital Partners Special Situations Fund, LP sold its beneficial interest in 11,514,246 shares of the company's common stock to Harbinger Capital Partners Master Fund I, Ltd. for $8.38 per share.

The shares were sold on Nov. 12, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The investor also closed out some equity swap transactions with Monecor (London) Ltd. on Nov. 13 and Nov. 14 in the amount of 378,816 and 435,000 notional shares, respectively, at a price of $7.6314 and $7.4719 per share, respectively.

Investors led by Harbinger Capital Partners Master Fund beneficially own 28,488,434 shares, or 19.93%, of the company's stock.

The New York Times is a diversified media company based in New York.

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