To: Tumbleweed_Connection
Is there any possibility that the New York Times could be bought out?
2 posted on
10/27/2003 8:36:41 AM PST by
Momaw Nadon
(The mind is like a parachute. It doesn't work unless it's open.)
To: Momaw Nadon
"Is there any possibility that the New York Times could be bought out?"
Would luv to see Larry Flint buy it --- a perfect fit for Penthouse sagging sales where the editors of both would fit in nicely AC/DC.
11 posted on
10/27/2003 8:43:49 AM PST by
TRY ONE
(NUKE the unborn gay whales!)
To: Momaw Nadon
Is there any possibility that the New York Times could be bought out?
No. The New York Times Co.'s corporate charter assures that it will be controlled by the Sulzberger family in perpetuity. A buyout would not compensate them for that lack of control, as they'd only get paid out on their "economic" (as opposed to control) interest in the company. Moreover, important family members regard the Times as a public trust, and, more significantly, see work for the company as the only thing that spares their kids and grandkids from the curses that more or less uniformly afflict the idle rich by the third or fourth generation.
To: Momaw Nadon
"Is there any possibility that the New York Times could be bought out?"The possibility is tiny, and I have no idea why Sulzberger even approached them.
While it's true that the NYT company holdings and interests are greater than the WSJ's, WSJ is way ahead of the NYT in sales growth, net income growth, employee growth and circulation (WSJ: 1.8 million / NYT: 1.1 million). The Bancrofts control 65% of the WSJ vote.
To: Momaw Nadon; Bonaparte
Double-check bonaparte's numbers.
He's been known to come up...short. BWHAHAHAHA!!!
:O)
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