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Three Years Ago Bruce Sherman Controlled More Than 100 Million US Newspaper Shares Worth In Excess of $4 billion; Today He Has None
Philip Stone February 21, 2008
Bruce Sherman, the man running Private Capital Management (PCM) really believed in the newspaper industry. He was the largest owner of US newspaper shares --- at one time his holdings in the New York Times Company was second only to the Ochs-Sulzberger families -- and his 100m shares spread across most newspaper publicly traded companies were worth in excess of $4 billion.
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