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Chinese Tycoon Wants to Buy The New York Times

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Patrick Goodenough
CNS News
January 2, 2014

The New York Times Company says it’s not for sale, but a high-profile Chinese businessman and philanthropist eager to buy what he views as the world’s most influential newspaper plans to fly to New York City this week to push ahead with his bid.

Chen Guangbiao on Wednesday told the Global Times, a Chinese Communist Party-affiliated paper, that he has a meeting scheduled Friday with a city firm specializing in mergers and acquisitions, followed by dinner on Sunday with “a middle-level leader” from the Times.

He insisted the proposal was serious, saying he had been eyeing the NYT for two years.

The New York Times Co. did not respond to queries Wednesday, but a report in the Times quoted a spokeswoman as saying, “We have no information about any such meeting.”

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This article was posted: Thursday, January 2, 2014 at 6:12 am

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