Magazine article Editor & Publisher

A Thorn in the Side of Times Co. Seeks SEC Probe of Planned IPO

Magazine article Editor & Publisher

A Thorn in the Side of Times Co. Seeks SEC Probe of Planned IPO

Article excerpt

Lead plaintiff in landmark legal case takes a new tack

Last September, the 2nd U.S. Circuit Court of Appeals ruled that the New York Times Co. and other defendants were infringing on the copyrights of a group of free-lancers by publishing their articles in their electronic databases without permission. Now, Jonathan Tasini, lead plaintiff and president of the National Writers Union, is testing just how deep those legal waters run.

Tasini sent a letter to the chairman of the Securities and Exchange Commission asking the SEC to review the initial public offering (IPO) of Times Co. Digital over its alleged failure to report all potential liabilities. The online arm of the Times Co. filed for the IPO in late January.

"To put this in plain English," stated the letter, "The New York Times has been stealing the work of writers for years.

Also included in the package sent to SEC Chairman Arthur Levitt was a letter from New York City Comptroller Alan G. Hevesi, expressing his concern that New York City employees' pension funds would be affected by the "liabilities media companies face."

Nancy Nielsen, spokeswoman for the Times Co. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.