I'll admit, I don't know what the specific legal definition of private equity is. According to wikipedia: https://en.wikipedia.org/wiki/Private_equity https://e

I'll admit, I don't know what the specific legal definition of private equity is. According to wikipedia: https://en.wikipedia.org/wiki/Private_equity https://en.wikipedia.org/wiki/Private_equity "In finance, private equity is an asset class consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange." There are probably more legal specifics that would further divide private equity from just anything that's not publicly traded. But, you're on the right track, if in fact the private Class B shares override the rights of Class A shares (significantly), then the NYT's could be seen as just another shady entity in our lives that's controlled by private equity, as the link tries to illuminate.