shares of new york times co nyt were popping more than 10 in afternoon trading thursday after valueact disclosed a stake in the media company valueact capital master fund and related entities own 110 million shares of the new york times amounting to a 67 stake according to a filing with the securities and exchange commission valueact said in the filing that it used valueact master funds working capital to fund the purchase the aggregate price of which was about 350 million parties at valueact acquired the securities of the issuer reported herein based on their belief that the securities were undervalued and represented an attractive investment opportunity per the filing which also noted that representatives of valueact have had and anticipate having further discussions with new york times officers shares of new york times have gained 80 over the past three months as the sp 500 spx has added 76