Posted on 05/05/2008 6:14:18 AM PDT by abb
It's time for higher education to help save newspapers
Chronicle of Higher Education
That's what former Fortune staffer Lee Smith says. "The plan I have in mind would call upon the richest institutions to set aside 3 percent of their endowments to buy The New York Times. That's for a start. Additional purchases of other newspapers by other endowments should follow."
ping
Ah, yes, when the market doesn’t favor your ideology or business model,
act to insulate it from the market.
I have a plan: Mad magazine should buy the NYT in a leveraged buy out.
I pay the tuition. The NY Times is not NPR or PBS.
And here I was thinkin’ SUB-PRIME MORTGAGES was the WORST INVESTMENTS!................
If these universities have the dough to buy the NYT, why do they still charge tuition?
BTW, how is that ‘investment’ with Air-America holding up?
Why would Mad Magazine want to lower their journalistic standards?
Why?
Dang, someone always comes up and slams my good ideas with reality.
Hmmm. Interesting thought. There’s more truth in Mad Magazine than in the New York Times.
I’ll bet he got punched in the face a lot as a kid in the schoolyard. The glasses, idiotic grin and complete cluelessness about why the NYT is in the toilet all combine to say ‘slug me’. Real loud.
What they have to offer is important.
Acquired by the “wealthier colleges”? Then it would really become a newsletter of left-wing crap. Better that Americans stop sending their children to the “wealthier colleges”.
I’m convinced that many of our colleges are in the hands of aged hippies and radicals who were unwilling to face the World outside the university.
Or, is the Chronicle of Higher Education making a sardonic joke? Is the point that Harvard and the New York Times deserve each other, since both are large but failing institutions that used to be respectable, and still have some money in the bank?
Are they both institutional Blanche DuBois who now depend on the kindness of others?
Congressman Billybob
Latest article, "Lesley Stahl vs. Antonin Scalia in the Court of Public Opinion"
That would be almost like the KGB buying TASS to prop up their business partner.
Why would you dilute the quality of Mad Magazine?
Any univerisity that even dreams of doing this should be sued for fraud and any other charges that should apply.
Those endowment donations weren’t given to save the dying fish wraps.
Next they will be donating money to the cash deficient $inator $hrill.
The good news is when liberals start talking like this, they know that we are in the End Days for the Dinosaur Fishwraps.
I thought this was a Scrappleface article.....then I read the comments....this person is SERIOUS??? Any college/University that did this should lose ALL government funding.
The nation’s liberal universities aren’t enough to save an unneeded liberal institution like the NYT, especially when the average liberal on the street can’t read past the headlines. Let it become another unread college rag.
If you know anything about college administrators, it is that they want as much money as possible so they can increase the size of their staffs and their office quarters.
And if you know anything about trustees of university funds, it is that they want to make more money so their friends will say how smart they are. Harvard takes pride in making more money from investments than Yale, and Yale tries very hard to beat them at the game they are so very good at.
These people at the apex of the pyramid let the faculty hire leftist idiots if they imagine that it will give their institutions greater chic and prestige, but they have no interest in furthering their politics. No, they would rathere raise the standard of catering at fund-raising receptions.
The New York Times is a bottomless pit. No administrators in their right minds would accede to such a project.
They're not the only ones. Sam Zell's about to get a lesson on just how expensive it was to indulge his ego with his purchase of Tribune Co.
Leftwing journalism as the noble crusade of academia, bottom-line be damned!
He needs to add a superhero to the mix, like a librarian with x-ray eyes or a public school teacher who can turn into a cat.
Happy days are coming, GD, let's get ready to celebrate. I'll be lighting my celebratory bbq grill with pages from a STOLEN NYT,
Use the NY Slimes for smudge pots to chase away mosquitos, never in association with cooking food.
Good idea...........
I think that’s the difference. Sam Zell is a big ego, responsible to no one but himself. The Harvard Board of Overseers are a good deal more prudent, because they value their reputations as shrewd advisers. Above all, they don’t want to rock the boat and be remembered as having been the persons responsible for a big mistake. Some or most of them are old school liberals, but they aren’t about to play politics with the Alma Mater.
Plus Zell was smart enough to get banks to put up the money instead of himself. Granted, if the deal craters, he’ll be out several hundred million, but that’s bearable when you’re worth several billion. And he managed to flim-flam Brian Greenspun (a Clinton buddy) into putting up cash.
http://www.latimes.com/business/printedition/la-fi-greenspun21dec21,1,2144629.story?coll=la-headlines-pe-business
Owner of Vegas paper takes part in Zell’s gamble
I’ll enjoy watching him get took.
Rename the NYTimes to “The Scholastic Reader for Advanced Pinheads and Other Invalids”
College students who actually read any newspaper are reading it online. (That would be on a good day - 1%.)
Students study, use Facebook and MySpace, and text message the heck out of each other.
Dinosaur media and ad agencies need to keep their bogus liberal-leaning news out of the FaceBook, MySpace, and text messaging.
Allow the young people to grow up with their own communication channels. They are smart. And, they already recognize what horseshit the main stream media spews on a daily basis.
So, lay off the college students!!!
that MIT site is one of the best on the web.
When I was in college down at Florida Atlantic University, I presented a proposal to the president of the school and it was shot down.
1) Allow the students in the Computer Science courses create marketable software for a project course. Teacher guided, for credit. Create some courses on testing, design and other processes. The marketable software would be done in coordination with the marketing students who would also be working on a similar project path for their degree.
2) Allow the marketing and business students practice their trade by selling the software.
3) Take the revenues and enhance the CompSci and the Business schools.
It was turned down.
Paul
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