Can an Activist Investor Unlock Big Gains for This Stock?

While many print media stocks have been resigned to the dustbin of history, the New York Times (NYSE: NYT) has shown plenty of signs of life, with a five-year return of 80%. It can be difficult to teach an old dog new tricks, but this 170-year-old, iconic New York City newspaper has done a great job of reinventing itself as a modernized digital media platform and is a strong success story in the sector. ValueAct Capital Management, a prominent activist investor with over $6 billion in assets under management, recently initiated a position in New York Times with a stake worth over $86 million during the second quarter.