I do not find that to be an apt analogy.
The point is that the people who create some property don't get a cut when the property rises in value. You keep calling the intellectual property of the NYT labor. I think there's something there you seriously misunderstand.
This is more like someone setting up shop in the NYT’s lobby, stealing issues, and cutting them up to make their own newspaper that they sell from said lobby, without permission or compensation.
That's an analogy for a normal practice in journalism. Like when other news media (other websites, TV, radio, ...) reports that on what the NYT reports. I'm sure you have seen articles where it said something like "The NYT reported that...".
That's not what the case is mainly about. I'm not sure if anything like that is even mentioned.