Romenesko Letters
Loren Steffy's contention that the New York Times Co.'s stock structure is unfair to shareholders is idiotic, says former Times public editor
Daniel Okrent. "When Morgan Stanley bought its piece of The Times, the two-tiered stock structure was already in place; everyone knew the rules; the free market was operating absolutely freely. Whining about it now is preposterous (and pretty damn destructive, too)." || Related
letter from
Pat Regnier.
