Sunday, June 03, 2012

Can’t Save New York Times

Coming Soon:
Media Matters Buys New York Times
$580K Stock Deal

But First: Bloomberg Can’t Save New York Times Co. 
Read Between the Flames

Res Ipsa Loquitur

New York magazine’s recent profile of New York Times Co. (NYSE:NYT) Chairman Arthur Sulzberger does a great job portraying the family drama and economic pressures that led to the ouster of his one-time friend CEO Janet Robinson. Perhaps hoping to end the depressing (or, schadenfreudial pleasing) story on an optimistic note, the article raised the notion that Bloomberg L.P., the private media company founded by New York Mayor Mike Bloomberg, would ride to the rescue of the beleaguered publisher “and save the paper from itself, a kind of best worst-case scenario for the Ochs-Sulzberger family.”

This is wishful thinking. [Bloomberg Can’t Save New York Times Co.]

1 comment:

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