HANK'S NEW LADY

New York Post ^ | November 29, 2006 | RODDY BOYD

[brain bleeds red]

Billionaire insurance titan Maurice "Hank" Greenberg has begun buying huge blocks of New York Times stock to break the Sulzberger family's stranglehold on the media empire, The Post has learned. Sources confirmed that the famously combative Greenberg has been buying hundreds of thousands of Times shares, but did not disclose the exact number or the size of the stake he wants to own. Greenberg has both the assets - Forbes estimated his net worth at $3.2 billion - and the temperament to jump into a fight over the future of the stumbling newspaper giant. A major stock position would put Greenberg in league with already angry Times' shareholders, such as Morgan Stanley Investment Management, to battle the board over whether the founding Ochs-Sulzberger family should hold a powerful class of stock that accounts for a majority of the voting power at the company.

[brain bleeds red]

I've been saying this forever. The liberal media will NEVER change. The only way to defeat them is to BUY OUT their media empires.

[Republicus2001]

Tigers home run king

[processing please hold]

Maurice "Hank" Greenberg

I don't run in billionare's circles, is he a good guy?

[GQuagmire]

Look for the Boston Globe to be sold if Greenburg buys

[SunkenCiv]

Great! Of course, purging the Slimes of the global warming demagogues won't do much good, because now they've metastasized.

[shrinkermd]

Greenberg received support from WSJ and little to no to criticism from the NYT. He is described as a gentleman's gentleman. He is old though and does not have decades to do the job that needs to be done.

[Salvey]

Is Hank a lib?

[Salvey]

Is Hank a lib?

[prion]

Mommy, that man's nick is scaring me...

[Brad from Tennessee]

This is what Yahoo Finance shows Times stock (NYT) in after hours trading a minute ago: After Hours: 23.70 Down 1.06 (4.28%). Greenberg may be dumping this turkey.

[Brad from Tennessee]

This story is from an hour ago. It refutes story that Greenberg is buying up NYT stock:

http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-29T220323Z_01_WEN0477_RTRIDST_0_NYTIMES-GREENBERG-DENIAL-URGENT.XML&rpc=66&type=qcna

[brain bleeds red]

Is Hank a lib? Federal election forms show that he gave $1000 to former Rep. Mark Foley for both his 2000 and his 2004 races. For the latter campaign, he donated $2000 to George Bush and $1000 or more to Sen. John McCain, Rep. David Dreier, Rep. Dennis Hastert, Sen. Christopher Bond and several other Republicans, as well as Democratic Sen. Christoper Dodd (who represents Connecticut, a big insurance state). Over the years he strongly favored Republicans with his donations, with a smattering of Democrats, including Rep. Charles Rangel, mixed in. Greenberg gave to both Ronald Reagan and George H.W. Bush in their races for the White House.

[Loyal Buckeye]

This denial could be a technicality. Per
SEC rules, an investor does not have to disclose his intent until a certain percentage of shares are purchased. Greenberg does not appear to be near that threshhold.