Posted on 11/30/2006 9:59:36 PM PST by mdittmar
New York Times Co. (NYT) Chairman Arthur Sulzberger Jr. and other members of the family that controls the newspaper publisher held talks with a trusted financial adviser about taking the company private, according to a report on the Web site of BusinessWeek magazine.
(Excerpt) Read more at marketwatch.com ...
Why would a "a leading media company with 2005 revenues of $3.4 billion, publishes The New York Times, The International Herald Tribune, The Boston Globe and 15 other daily newspapers" want to go private?
"For personal financial planning reasons".
If they have to answer to shareholders, they have to face embarrasing questions like how their editorial bias is turning off readers. If privately held, they don't have to answer any questions.
Yeah think about it if they turn NY Times private that mean no stockholder to answer to
Because they want to be free of oppressive regulation like Sarbanes-Oxley, which they advocate for thee.
Pinch hopes to create a false take over value unrelated to the Slimes' terrible financial five year record...
Because it may not be a crime to dump your newspapers into the trash unless your a publically traded company trying to hide your loses from your advertisers and wall street.
Yes please take your wretched treasonous enterprise private so that the future torment will be your own and not the unsuspecting duped shareholders.
Xacly.
Because they can operate without interference from Wall Street. Simple, really.
It would be better this way. The true enemies of America would be more clearly identified.
They'll start a "New and Improved Version" for the suckers later.
Well, I'm not an owner [unless through an index fund], so I could not "take the money and run". I do not know how much they could get for it, given the high fixed costs and the generally uncertain prospects of the genre - but probably it would be quite a chunk. What would Murdoch make out of it?
ROFL that so true new improved version for suckers LATER ROFL
Pinch will win and the employees will lose.
There is a hostile takeover move by a guy from AIG and he is a big R supporter who the NYT drug through the mud. Drudge had his name two days ago but I can't find it.
This is a trick to stop an R from taking over.
A bazillion I imagine,if he was to take NWS private.
Probably I did not make myself clear. I imagined him buying it from the Sulzbergers and then of course cleaning the augean stables - root and branch.
so they'll still have jobs from which to spew their venom? Leastwise til they go bankrupt away
Because the shareholders are biting their a**es, demanding impossible things like profits.
The elite mediot maggot owner and publisher of the major dinosaur fishwrap, the NY Slimes is the modern day, Norman Bates. Pinch is trying to keep the corpse alive by refusing to admit that it is dying and to sell to rich elite liberals, who hate America.
Buy my Dinosaur Fishwrap stock, NYT. The old gray lady is just fine!
MDY = Mid Cap ETF index fund.
I appreciate all these graphic pings to bad news for the Times threads. They brighten may day every single time!
My pleasure. Keep up the good work and ping me when you have a new one to share.
The key implication of Pinch's leverage buyout is that he would have to pay junk bond interest rates on the funds he borrows to take. This means promises of cost cuts and more layoffs. He might be able to preserve his liberal bias, but he'll have to cut 20% of his staff minimum at the time the deal closes.
NIGHT OF THE LIVING DEAD GHOULS
Looking for new editors to feed on.
Isn't fun now to participate in these threads.
I can remember 5-6 years ago, you and I were about the only ones posting the funny to us, gifs while screaming about the MSM.
Now we have so many talented and organized freepers going after the MSM mediots, we are just part of the big happy freeper family enjoying the demise of the MSM mediots.
So would I.
However, every POS mediot that is fired or axed and removed from their power of lying will be one less problem in 2008.
Hank Greenberg, from AIG Insurance.
What he wants with this thing, I cannot imagine. Rumors had it he wanted to take it over; I thought I heard the other day that he "only" had 10% of the shs and wanted no more. If he indeed has that many shs, a quick Yahoo check would reveal any holding larger than 5% IIRC (forgive me, I personally don't care enough to look it up, but it's easy to do on http://finance.yahoo.com
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