Why The New York Times Company Plunged This Week

Key Points A shareholder lawsuit was filed on Wednesday, alleging that bias in The New York Times' reporting of the Israel-Hamas war had damaged the company's credibility and reputation. The suit is founded upon an internal whistleblower, who claims institutional bias against Israel and Jewish employees going back a decade. The Times denies the claims, but will still likely incur increased legal costs in the near-to-medium term. 10 stocks we like better than The New York Times Co. › Shares of The New York Times Company (NYSE: NYT) plunged this week, falling as much as 11.9%, before recovering on Thursday to a 9.8% decline as of 2:09 p.m. EDT, according to data from S&P Global Market Intelligence .