WSJ Highlights New York Times' Struggles with Shareholder Activist

In a front page story, the Wall St. Journal focuses on how the New York Times dealt with a shareholder's campaign to improve the financial performance and governance at the newspaper.  For almost two years it rebuffed him, but finally Hassan Elmasry, a portfolio manager at Morgan Stanley with a 5% stake in the paper, got to meet with the full Board of Directors to discuss his recommendations for improvement.  Other companies watched and learned.  See WSJ, How a Money Manager Battled New York Times .