Morgan Stanley vs. NYT Company

In my media analysis this week (free, super!) I take a look at the possibility of a proxy battle against the New York Times Co. by Morgan Stanley Investment Management, a big investor that's unhappy with the company's two-tier stock structure. Today, such a battle is looking more likely: Morgan Stanley has filed a shareholder proposal to put the Sulzberger family's lock on the paper to a vote. Actual enactment of such a proposal still seems somewhat farfetched, but keep an eye on the stock price -- the more it falls, the more Wall Street sounds like a good alternative to the bumblings of Mr. Sulzberger.