The Sulzbergers' grip on the New York Times has loosened, a bit. The Times Company announced today that they've given in to the hedge funds that have ammassed 19 percent of the company's publicly traded stock and given them two seats on the company's board of directors. Harbinger Capital and Firebrand are now free to demand the Times sell the Boston Globe in person at the next board meeting. "Under the truce with the hedge funds, the number of directors elected by Class B stock will rise from 9 to 10. The number of Class A directors will rise from 4 to 5." (Class B is the Sulzberger family-controlled non-publicly traded stock.) One of the new directors will be douchey NYU marketing professor Scott Galloway. Banks and Australians are taking over everything! Journalism is dooooomed! [NYT]