The Reported Carlos Slim/New York Times Talks Show Continued Reshaping Of An Old Newspaper Industry Adage

Posted by: Jon Fine on January 18, 2009

The new buyer or investor of last resort for a trophy newspaper is no longer the local real estate tycoon. It’s a billionaire from overseas.

The piece I wrote for businessweek.com about this earlier today can be found here.

Reader Comments

Henry Raymont

January 19, 2009 6:14 AM

Slim's maneuver recalls another Mexican caper--when a wealthy Mexican furniture dealer acquired the United Press and its debt for some eight million dollars. Then, he turned around and sold it to some Sheikdom in the Middle East for 40 million. Not a bad business deal, only bad business for journalism It deprived the AP of its major competition and competition is what keeps the wheels of journalism whirring.

dan peer

January 23, 2009 6:31 PM

I am trying to contact Jon Fine - I want to bring something to his attention that he might find interesting. There doesn't seem to be any way to do so.
Why do you people make it so hard to contact you? why isn't there an easy way to contact him by email, even here, on his own blog? for someone who specializes in communication etc. it is ridiculous to completely shut himself off from his own readers! is this the best you can do to communicate with your subscribers? this is very poor and unprofessional.

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The media world continues to shapeshift as new forms arise and old assumptions erode. On this blog, Bloomberg Businessweek will provide sharp analysis and timely reports on the transformation of this constantly changing terrain.

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