- Apr 1, 2011
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Imagine what the New York Times would be like if it could only report the truth? The new owner will have to fire about 95% of the reporting staff.
Chinese Tycoon Wants to Buy New York Times
Chinese Tycoon Wants to Buy New York Times
Chinese recycling tycoon Chen Guangbiao said on Tuesday he is set to begin negotiations to buy the New York Times.
If I acquire the Times, the paper will only report the truth and must verify all information, Chen told Reuters.
Times chairman Arthur Sulzberger, Jr. has said the paper is not for sale, and industry insiders doubt the Ochs-Sulzberger family would sell Chen the paper. But Chen told Reuters he believes the company is worth $1 billion and that money can change minds.
There is nothing that cant be bought for the right price, Chen told Reuters.
Chen says he has a January 5 meeting with a leading shareholder in New York. Chen, whom Reuters describes as eccentric and a publicity maven, is worth an estimated $740 million but says he has enlisted an unnamed Hong Kong tycoon to chip in $600 million to buy the New York Times....
If I acquire the Times, the paper will only report the truth and must verify all information, Chen told Reuters.
Times chairman Arthur Sulzberger, Jr. has said the paper is not for sale, and industry insiders doubt the Ochs-Sulzberger family would sell Chen the paper. But Chen told Reuters he believes the company is worth $1 billion and that money can change minds.
There is nothing that cant be bought for the right price, Chen told Reuters.
Chen says he has a January 5 meeting with a leading shareholder in New York. Chen, whom Reuters describes as eccentric and a publicity maven, is worth an estimated $740 million but says he has enlisted an unnamed Hong Kong tycoon to chip in $600 million to buy the New York Times....
