Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

'Grey Lady' has a patient suitor

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
katty Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-14-09 07:08 PM
Original message
'Grey Lady' has a patient suitor
more: http://www.ft.com/cms/s/0/5a960938-3f59-11de-ae4f-00144...

'Grey Lady' has a patient suitor
By Matthew Garrahan

Published: May 13 2009 03:00 | Last updated: May 13 2009 03:00

At first glance, David Geffen, who recently tried to buy a stake in the New York Times, is not an obvious owner for the revered newspaper.

The billionaire is better known for his interests on the west coast of the US. A big donor to Los Angeles-based arts institutions, he has homes in Malibu and Beverly Hills, while his best friends are fellow Hollywood power players Steven Spielberg and Jeffrey Katzenberg.

But Mr Geffen has emerged as a potential buyer of the paper dubbed "The Grey Lady". He was recently rebuffed after offering to buy the 19.8 per cent stake in the NYT held by Harbinger Capital Partners, the activist US hedge fund controlled by Philip Falcone. The offer was made at market value.

However, Mr Geffen, whose liberal political views dovetail nicely with those of the NYT's editorial board, has a longer term goal in mind: outright control of a title many believe to be the most important in the US.

Printer Friendly | Permalink |  | Top
underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-14-09 07:51 PM
Response to Original message
1. Geffen is a lib, his political views don't "dovetail" with the NYT's editorial board
but this is great to see. Geffen running the Times? :headexplodes:
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Sep 01st 2014, 07:57 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC