Posted on 01/25/2015 1:34:27 AM PST by OddLane
The New York Times is the last major American newspaper to be owned by a family dynasty, in this case the Ochs-Sulzbergers, a tight-knit and occasionally fractious clan who even at their best have been criticized as relics of an earlier era — generous and genteel and maybe a tad out of touch.
That’s partly why former New York City mayor Mike Bloomberg has for most of a decade wanted to own the paper of record. The self-made billionaire, who’s never been impressed by the family’s management, feels he would do better, according to those who know him.
And as one of the more fantastic pieces of Manhattan media gossip, the notion continues to make the rounds, like a campfire song with a new detail added on to each pass. The latest comes courtesy of New York Magazine’s Gabriel Sherman who reported Friday that Bloomberg had over a year ago inquired about the possibility of buying the Times with publisher Arthur Sulzberger. He promptly replied it wasn’t for sale.
End of saga, right?
Not quite.
(Excerpt) Read more at recode.net ...
Value-wise, I doubt if you could put a price-tag on the newspaper in terms of return....of more than $10 million. There’s simply no real profit...so it’s a matter of status. If you claim ownership...you can attend parties, get dimwit foundations to invite you to functions, and have lobbyists crowd around to pump you up. Maybe that makes the paper worth $250 million.
The fact that folks don’t quote the NY Times like they did in the 1960s....also is a problem. Given a choice of a USA Today or New York Times, if traveling, I’ll pick the USA Today every time.
I wish I had billions.
I would buy it and put Matt Drudge and/or Ann Coulter in charge.
Newsweek sold for a dollar.
Scrapped for parts.
On the bright side, if the NYT was sold in Venezuela, it would truly be the paper of choice. There's a TP shortage...
Whoa...I think you may be on to something.......Venezuela has NO paper products....the term RAG is what it is...and of course no toilet paper....the NYTimes would be most welcome Venezuela!
How is Bloomberg going to make it profitable? He would bring to the NYT the same fantasy left viewpoint that has caused the NYT to lose readership and thus advertising revenue.
Doesn’t Carlos Slim now own more than the Sulzberger’s?
If I had a choice between reading USA today and punching out my optic nerves with kebab skewers, hand me the skewers man.
CC
The image of an old grey lady trying to turn a trick on the streets of NYC went through my wicked mind just now.
The sad thing is by the time they can print the paper there, the victims of socialism and food shortages will be eating it instead...
Before I got my Samsung tablet I still had some newspapers lying around. But with my tablet always in reach, I can pick it up on the fly and read any newspaper in the world, at any time. Print is dead. If it was good print it may successfully morph to an online presence. But the NY Times? Bye bye.
Just quit printing. Go out of business. What a wonderful day that would be.
I remember a 20 question interview of Richard Branson years ago (in the Boston Globe).
“How do you become a millionaire?” “Easy. You start with a billion, and buy an airline.” (rim shot)
The Slimes bought the Boston Globe and some other properties for over $1B, and sold the Globe for around $70M after ~20 years.
If the Slimes sold for less, that would be notable in a case study at business school, but not unexpected.
Jeez, if Bloomturd owned the NY Slimes...it would be so left... the CPUSA would use it for their own members. I bet Bloomturd could make the sports section more liberal. He wrecked ‘Business Weak’.
Ann Coulter and Matt Drudge would be great for the NYTimes.
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