Somebody made the observation that the NYT is on some of the most valuable real estate in the world. If he buys the newspaper, he will also own the building.
That's what Slim did with "Circuit City", bought them, shut them down and sold the properties.
The New York Times Building
http://en.wikipedia.org/wiki/The_New_York_Times_Building
The Times Company owns 58 percent of the building with a property management company owning 42 percent. The land it sits on is not owned by the Times but leased for 99 years.
“Somebody made the observation that the NYT is on some of the most valuable real estate in the world. If he buys the newspaper, he will also own the building.”
Hopefully, he will shut them down and build condos.