Posted on 11/20/2008 1:03:40 PM PST by DCBryan1
No offense but Wikipedia is not very reliable - most of all this is from another source, which I knew that Murdoch has been after the NYTIMES for years... this is what I had forgotten...that family members or people wealthy enough to invest in Hedge funds can buy into the Times....this is why others are working to destroy the Times (along with themselves and their lies) and I for one love this ...Let the Times collapse...while their market shares continue to decline...advertisement will continue to decline.... now for Liberalism to fade away like these old tired Liberal bird cage liners are doing....
From one of the sources -— The “war” of the title is Murdoch’s campaign against The New York Times: he has purchased The Wall Street Journal in order to turn it into a direct competitor to the NYTIMES....
Short it to zero!
I was always wondering why some rich conservative doesn’t buy it and put someone like Ann Coulter in charge. That would be fun!
You are right. I was just so darned disgusted with the media shenanigans these days.
Up two hundred down four hundred.
Someone is playing and no one is watching.
“Well, they obviously need a bail out.”
I’ll offer to bail them out for $12.00 so long as I can bring in my own people for any or all positions.
Think they will go for that?
They cater to moonbats, who in increasing numbers can’t be bothered to read anything but profanity laced tirades on the internet, one more generation and they’ll be down to a couple hundred subscribers.
zero is too high..
http://www.freerepublic.com/focus/f-bloggers/2136345/posts
The New York Times Buys Bank; Applies for Bailout Funds [Satire]
Leibowitz’s Canticle ^ | November 21, 2008 | Leibowitz
Posted on Friday, November 21, 2008 7:47:26 PM by Bob Leibowitz
In a surprise development late today Arthur Sulzberger, publisher of The New York Times, the former self-styled paper of record, announced the purchase of The Penny Bank in order that the paper might become a bank holding company and qualify for federal bailout funds under TARP. The paper has not yet reported the story, while it attempts to develop anonymous sources.
For a stranger on the phone, however, Mr. Sulzberger took a breaking from popping corks.
“Obviously, it’s time we tried something ‘out of the box,’” he said.
“Sales are down. Advertising revenues are falling like a rock.
“We’ve failed miserably as a paper but The Times is too big and too important to the national psyche for it to be allowed to fail. We’ve worked day and night with our friends at Goldman and the Treasury and got our application in under the wire. We had a penny to spare. That was enough to get us into the game. The rest, as they say, will be history.
“We’re delighted with the $7.5 billion that the taxpayers of this great nation have offered us. It will go a long way towards maintaining my family the company as we pursue perfection in bank publishing under the careful eye of the FDIC and the new president we’ve supported so enthusiastically.”
Treasury officials and representatives of the Obama transition team cautioned that no other newspapers would be considered for similar treatment, although the Obama representatives left room for the possibility of help for NBC and Newsweek, if necessary.
An Obama spokesperson, who insisted on remaining anonymous in case He changes His mind, said
We think there’s room for at least one newspaper, one magazine and one television news source in this country. We’re big supporters of competition and look forward to working with these three terrific media companies in the future.
At the moment this story is satirical but there’s no way to know for certain how long it will remain fiction.
http://www.freerepublic.com/focus/f-bloggers/2136345/posts
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.