The New York Times building, New York City. Getty Images.
If you're a CEO and an activist investor announces a 7% stake in your company, the usual response is, buckle up. And dust off your resume. But for Meredith Levien, the Times' CEO, there's a bit of comfort in ValueAct's arrival in the stock. For now.
Why it matters: San Francisco-based ValueAct is one of the oldest and well-known activist investors in the business. When the fund puts money into a company, changes usually occur, sometimes subtle, sometimes drastic.
