A Morgan Stanley fund manager has ended a widely publicized campaign to force the New York Times company to give up its dual-class stock structure that guarantees the Sulzberger family iron-clad control of the voting stock. Recall that Hassan Elmasry of Morgan Stanley Investment Management had been pressing for change. He has apparently sold all his stock, most likely at a loss. This is a victory for the Sulzberger family but a defeat for long-suffering shareholders. You have to to wonder what other top shareholders will think. You have to feel for them. After News Corp. took control of Dow Jones, another family-controlled media company, it seems like anything is possible. Including a management-led buyout. We'll see.  

For more:
- here's the New York Times article

Related article:
- Morgan Stanley vs. The New York Times