“One was just sold to a baron of the Internet age,” Paul Farhi writes about The Washington Post’s parallels with The New York Times. “How long before the other one is?”
Farhi reels out reasons the Sulzberger-Ochs family, which controls the Times, might want to sell. Times spokesperson Eileen Murphy “reiterated the company’s intent to remain independent,” he writes.
The Graham family’s decision to sell the Post “gives people inside the [Sulzberger] family who’ve wanted to sell ammunition,” news industry analyst Ken Doctor tells Michael Calderone and Eleazar David Melendez.
“I can tell you that a lot of rich people have plunked down huge amounts of money in front of the Sulzbergers and they’ve not bitten yet,” Sulzberger family biographer Alex S. Read more