Fivespan Partners, the activist investment firm started last year by Dylan Haggart and Sarah Coyne, formerly of ValueAct Capital, has built a position in The New York Times (NYT) and is pushing the newspaper company to use artificial intelligence to expand its subscription base, according to a letter reviewed by Bloomberg News.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NYT:
- New York Times price target raised to $59 from $54 at Morgan Stanley
- Hold Rating for New York Times Amidst Digital Growth and Valuation Concerns
- New York Times price target raised to $52 from $45 at Barclays
- Strong Financial Performance and Growth Potential Drive Buy Rating for New York Times
- New York Times price target raised to $70 from $62 at JPMorgan