Bloomberg’s Reported Interest In Buying New York Times Sends Shares Soaring

New York post ^ | May 1, 2015 | Keith J kelly

[lbryce]

New York Times Co. shares leaped 10.7 percent in after-hours trading after Fox Business Network reported billionaire businessman Michael Bloomberg had expressed renewed interest in buying the paper. The former New York City mayor was prepared to pay up to $5 billion to acquire the Gray Lady — more than double the $2.3 billion market cap of the company. Bloomberg LP completely dismissed the FBN report as untrue. “There is no truth to this rumor,” Ty Trippet, a spokesman for the data and business news service, said in an e-mail.

Mike Bloomberg has in the past expressed interest in buying the paper — but the Sulzberger family, which controls the publicly traded company, has said multiple times that it is not for sale. The report on FBN, by senior correspondent Charles Gasparino, aired at around 4:45 p.m. Friday and cited investment banking sources.

[lbryce]

I once heard John Stewart of Comedy Central refer to Mike Bloomberg as an effete little man, (effete, resembling a woman) but otherwise he's led a rather charmed life.Not even Mike Bloomberg has the wherewithal to change the course of the left-wing liberal dead tree media on inevitably getting it to permanently remain in the forest as part of the ecology as intended. But Mike Bloomberg has shown that he gets what he wants and would make make a formidable team in the revitalization of the times (what's his track record with Businessweek? Not that great, I don't think) despite the future being bleak for newspapers.

The The only good thing is that we won't be seeing that much of the Slimes anymore as Bloomberg has banned any Bloomberg publication from being reposted here at FR.

[knarf]

I thought he already owned it ...

I guess some slaves dress like their masters hoping they'd be noticed

[ronnie raygun]

So the little man who wore signs on his back going thru school “kick me I like it” will use his money to buy a news paper to promote gun confiscation. Funny his plan didnt work well in NY and surrounding areas the thugs on the street still have them, oh I forgot he wasnt after them

[9thLife]

Devil’s Mouthpiece alert.

[cynwoody]

Whatever.

http://webcache.googleusercontent.com/search?q=cache:IX3bhznMDn8J:www.chartword.com/2015/05/murdoch-owns-wsj-bloomberg-owns-nyt.html+&cd=3&hl=en&ct=clnk&gl=us

[ZULU]

Bloomberg and the Times - perfect together.

Good, the uber-rich little pygmy with the giant ego and pocketbook will have his resources dismished so his other initiatives will suffer.

[proxy_user]

He can’t buy it, because the Sulzbergers won’t sell it to him, or to anyone else.

[bert]

Gray Lady = Old Gray Whore

She’s madame for the presstitutes

[SunkenCiv]

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