New York Times stock jumps after activist investor ValueAct reveals 6.7% stake

Activist investor ValueAct has built a 6.7% stake in the New York Times,

out Thursday, sending shares of the media company up around 10% on the day.

“We are aware that ValueAct has made an investment in the Company,” a spokesperson for the New York Times said in a statement. “As we do with other shareholders, members of our management team have had…