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New York Times falls after Trump sues co for defamation, libel

ReutersSep 16, 2025 1:11 PM

** Shares of news publisher New York Times NYT.N down 2.2% at $57.95 premarket

** U.S President Donald Trump sues NYT, four of its reporters, and publisher Penguin Random House for at least $15 bln late on Monday, claiming defamation and libel

** Trump also claims reputational damage from a series of NYT articles, including one from before the 2024 presidential election, and a 2024 book published by Penguin

** Trump lawyers say "harm to value of TMTG (Trump Media and Technology Group) stock" example of defamation

** Trump's media company DJT.O has fallen 60.7% since Trump win in early November, 2024

** NYT spokesperson says lawsuit filed by Donald Trump "has no merit. It lacks any legitimate legal claims"

** Six of 12 brokerages rate NYT stock "buy" or higher, six "hold"; median PT is $56

** Upto last close NYT up 13.81% YTD

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