Posted on 12/31/2013 10:00:30 AM PST by bkopto
Chen Guangbiao, listed as one of China's 400 richest people and a man known as much for his publicity stunts as his wealth, claims he is in talks to buy the New York Times.
"Soon, I will go to America to do three things," Chen told a crowd Monday night at a news media award reception in the southern Chinese boom town of Shenzhen, according to the semi-official China News Service.
The first, he said, "is to go discuss the acquisition of the New York Times".
Asked later to elaborate on his plans, Chen simply told reporters "the negotiation is currently underway".
However, the publisher of the New York Times has previously denied it is up for sale.
"After a week in which both The Boston Globe and The Washington Post were purchased by new owners, the publisher of The New York Times emphatically declared ... that the publication was not for sale," the paper reported Arthur Sulzberger, who is also chairman of The New York Times Company, as saying in a statement in August.
Chen built his fortune, estimated at five billion yuan ($825 million) by Chinese wealth publisher the Hurun Report, on a recycling company, Huangpu Renewable Resources Utilisation Group, but he has been derided by critics as a publicity hound who will go to great lengths for attention.
Chen's claim to be in talks to purchase the New York Times comes months after another renowned American newspaper, the Washington Post, was bought by Amazon founder Jeff Bezos.
Carlos Slim, a Mexican telecoms czar who is ranked by business magazine Forbes as the wealthiest man on the planet, loaned the Times $250 million in 2009 "to help the newspaper company finance its businesses," the paper reported.
(Excerpt) Read more at breitbart.com ...
It could only be an improvement.
Nope. Not gonna happen. The guy didn’t get rich buyin no dawgs.
“It could only be an improvement.”
At least it will legitimize the communist control of the paper.
If he is that rich, odds are he is not a lefty socilist advocating re-distribution of wealth from people who work to those who do not.
It would be refreshing to see the Slimes work the propaganda for the CCP, rather than for Nancy, Harry, Barry and the Clintoons.
Considering the NYT writers are already indoctrinated, should be an easy transition for them.
Why would China buy the cow when the milk is already free?
We all knew they were a bunch of PRCs...............
The Clintons are finally gonna be paid back for all of that missile technology, eh?
Yup. It's already staffed by anti-American Communists.
Doesn’t he know NEW YORK TIMES is down the tubes..
Yeah we know NEW YORK TIMES are communist and love Obama but this is really is a sorry deal for you..
More likely a follower of Confucianism
Hmmm...evidence suggests Communist China already owned NYT!
I’d buy the New York Times. I’m no billionaire - just a thousandaire. But I could afford to buy the Times. For what they’re worth.
If Newseeek sold for a dollar, then the Times ought to be worth about that much.
I’m feeling generous. I’ll give them 2 bucks for the whole deal.
The New York Times is already a Communist paper, why shouldn’t a Communist own it.
Maybe they do now.
Hope that the sale doesn’t happen. I want to see the Sultzberger Clan loose every dime they have! BTW maybe this guy needs to go deal with Carlos Slim. I thought he had made the Slimes a big loan.
Are you kidding? Have you ever heard of George Soros, Bill Gates, Oprah Winfrey, or any of the billionaires and millionaires that hang out with the Clintons. Most of the superrich are lefty socialists.
Sell it to the Chi-Coms... who would notice the difference?
I wonder how many stories the NY Times runs about income inequality in Mexico or China?
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