Activist Investor ValueAct Takes Stake in The New York Times

ValueAct, an activist investor that has taken stakes in major companies including Microsoft, Reuters and 21st Century Fox, said on Thursday that it had bought nearly 7 percent of The New York Times Company’s common stock and would push for changes to some of the publisher’s business operations.

The purchase of the stock, made public in a filing with the Securities and Exchange Commission on Thursday, makes ValueAct one of the largest…