Corrections: For the Record

An article in Business Day on Wednesday about investors in The New York Times Company who withheld their votes for directors misspelled the name of the family that has controlled the company since 1896.

Investors holding more than a quarter of the shares of The New York Times Company withheld their votes for directors at the annual meeting yesterday, registering their dissatisfaction with how the company is performing.

The only dissenting shareholder identified was Morgan Stanley Investment Management, the company's fourth-largest shareholder, with 5.8 percent of the stock.

Hassan Elmasry, a managing director of the firm, the investment arm of Morgan Stanley, said in a statement that he was seeking to eliminate the company's two classes of stock, not to force a sale of the company but to force the board to improve management and the share performance.

The other shareholders who withheld their votes did not identify themselves, so their reasons were not immediately apparent.

According to a tally provided by the Times Company, 28 percent of the shares were withheld from directors elected by Class A shareholders; last year, about 1 percent were withheld.

Morgan Stanley said it calculated 31 percent of the votes were withheld.

It is not clear what effect, if any, the vote will have. Because of the company's stock structure, changes can occur only with the approval of the Ochs-Sulzburger family, which controls the Times Company.

But the vote may be significant as a measure of Wall Street's dismay with the share price.

http://www.nytimes.com/2006/04/19/business/media/19times.html?_r=1&oref=login

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