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Home Front: Culture Wars
New York Times is not for sale: Sulzberger Jr
2008-04-22
NEW YORK (Rooters) - New York Times Co Chairman Arthur Sulzberger Jr told shareholders on Tuesday the company is not for sale, disputing media reports. "This company is not for sale," he said, calling recent media reports suggesting otherwise "ill informed."
Can't find a buyer, huh? That sux.
Speculation over a sale has dogged the company over the years, most recently resurrected as its share price falling close to 20 percent in the past 12 months.

Newsweek magazine also recently reported that close advisers of New York City Mayor Michael Bloomberg have urged the founder of the Bloomberg LLC financial news and data service to consider a bid for the paper to safeguard its Editorial Integrity™. "I am not going to go into the newspaper business," Bloomberg said at a press conference on Monday, addressing press reports.

The Times's sliding stock price and steady decline in quality ad revenue has sparked anger among its outside investors, some of whom have publicly blasted its executives for poor performance. New York Times, publisher of the namesake paper and owner of the Boston Globe and About.com, is holding its annual shareholders meeting at its New York headquarters on Tuesday.
Posted by:anonymous5089

#10  "The New York Times is not for sale." Of course not, the Democrats already own it. Or is it the other way around. It's so confusing.
Posted by: GK   2008-04-22 21:21  

#9  Short term gain : anti-US Stories tailored to moon bats

Long term result : Turned off Americans with distrust
Posted by: Crolusing tse Tung2778   2008-04-22 18:43  

#8  Whenever you go to sell something two Conditions must first be present.
1 it has some value.
2 somebody wants it.

I see neither condition here.
Posted by: Redneck Jim   2008-04-22 17:24  

#7  There's not much demand for it, ed.
Posted by: Barbara Skolaut   2008-04-22 16:04  

#6  There's a shortage on every kind of commodity. Why not newsprint.
Posted by: ed   2008-04-22 15:24  

#5  Sink the NYT and you will have carbon credits up the gazoo. Would give Al Gore a run for his money.
Posted by: Alaska Paul   2008-04-22 15:13  

#4  The family owns the business, Mr. Suzberger, Jr. merely runs it. He can be overruled if they bestir themselves to do so.
Posted by: trailing wife    2008-04-22 13:59  

#3  Nobody wants it anyway.
Posted by: DoDo   2008-04-22 13:54  

#2  He'll gouge out a deep crater with the NYT before he ever gives up control.
Posted by: gromky   2008-04-22 12:43  

#1  Manolo! More salts!!
And bring the vodka!!!
Posted by: Pinchy   2008-04-22 12:02  

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