Correction: FBI Did Not Serve Subpoena to NYT Reporter Tyler Pager
NYT sits 50% above its 52-week low of $51.03.
Summary
The Wall Street Journal issued a correction to its July 11 report that four New York Times reporters had been subpoenaed. The FBI attempted to serve a subpoena to reporter Tyler Pager but ultimately did not do so. This reduces the number of reporters directly targeted in the federal investigation into Air Force One-related stories. The correction comes amid ongoing legal battles between the Times and the government, including a motion filed today to block the subpoenas. While the correction slightly de-escalates the immediate legal pressure, the broader confrontation over press freedom remains a significant risk.
At the time of this announcement, NYT was trading at $76.71 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.4B. The 52-week trading range was $51.03 to $87.10. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.