Marion Poynter, widow of Poynter
Institute founder Nelson Poynter, has sued Times Publishing Co., which operates
the Tampa Bay Times and other publications, Poynter and others reported.
The suit, filed in a U.S.
District Court in Fauquier County, Virginia, claims that Times Publishing owes
the Marion K. Poynter charitable trust $7.8 million plus interest.
The charitable trust was set
up in 1990 during an effort to stave a hostile takeover of the St. Petersburg
Times, which later changed its name to the Tampa Bay Times,
the paper reported.
Marion Poynter’s stock was
employed to help avert the takeover. The paper was to pay Poynter some million
dollars a year for the stock move.
The company stopped making
the payments in May. It said the rise in newsprint costs due to tariffs on
Canadian imports was to blame.
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