New York Times Fails to Buy Wall Street Journal

NewsMax ^ | 10/27/03 | Limbacher

[AZLiberty]

[Oops, not WSH.]

The plan was probably to appoint "journalist" Al Gore as WSJ editor.

[January24th]

Double-check bonaparte's numbers.

He's been known to come up...short. BWHAHAHAHA!!!

:O)

[Bonaparte]

Mea culpa! Thanks for catching/correcting my erroneous correction. That really is a dramatic pay difference. Is anybody familiar with any differences in hours worked, responsibilities, skills for these two positions?

[Bonaparte]

Mea culpa! Thanks for catching/correcting my erroneous correction. That really is a dramatic pay difference. Is anybody familiar with any differences in hours worked, responsibilities, skills for these two positions?

[only1percent]

The problem is that the "price" can't be paid to the Sulzbergers exclusively, it would have to be split among the family and public shareholders according to their nominal economic interests. Family control arrangements such as the Sulzbergers can only be enjoyed while possessed, they can't be effectively monetized.

Poorer or more numerous families have parted with their media companies, taking money in the hand above the annuity value of family control, but the Sulzbergers are not especially numerous and are very rich.

There's also a prestige factor -- being a member of that family really means being part of the American nobility, like being a Kennedy or a Ford. Give up the NY Times and the family just becomes rich, which is a lot less valuable.

[January24th]

Aw, we had fun with it all anyway!

:O)