The decline of the New York Times as a reputable newspaper has been matched by the decline of its business management. The running (or running down of the newspaper) by "Pinch" Sulzberger, descendant of the family which had purchased and remade the paper generations ago, has progressively destroyed the value of the Times (the apple does fall far from the tree-especially after several generations). The paper has suffered disproportionably more than its peers on the stock market. It suffered another indignity this morning.A huge block of shares was sold early this morning off the New York Stock Exchange. This source of these shares is probably Morgan Stanley, where activist fund manager Hassan Elmasry has been pressuring management to undertake changes at the company to boost its plummeting stock price. He has been stymied by the dual-class stock structure of the corporation, which grants to the Sulzberger family super-voting rights that have protected the position of Pinch....(Read Full Post)