We learned last week that Michael Bloomberg would like to buy the New York Times Company. He even spoke to Chairman Arthur Sulzberger about it a couple of years ago. So what else is new? Rupert Murdoch covets the Times as well.
The only live question is whether the Sulzberger family would sell. Through a spokesman Sulzberger said Friday, as he has many times before, that the company was not on the market whatever the offer.
Case closed? Not quite. The Wall Street Journal was not for sale until Murdoch’s News Corp. made the Bancroft family an offer — 67 percent above their shares’ trading value — they felt they could not refuse. Nor did any but the inner circle know the Graham’s Washington Post was for sale until Jeff Bezos bought it in August 2013. Read more