Dumping the NYT

You want to know how lousy the newspaper industry is? A unit of Morgan Stanley that's held a 7.2 percent stake in New York Times Co. - and whose money manager had been making a big stink over performance - just sold out, even though the stock is trading at a 52-week low. Actually, you might call it a moral victory for Times Chairman Arthur Sulzberger Jr., who has been under the gun because of the company's sour numbers. CNBC had the story this morning and the WSJ just confirmed.