News Brief

Chinese Magnate Offers To Buy 'NYT'

Dec 31, 2013, 5:47 PM
  • Comment
  • Recommend
Subscribe to MediaDailyNews

A Chinese recycling magnate said on Tuesday he wanted to buy the New York Times Co. Chen Guangbiao, a well-known philanthropist, said he expected to discuss the matter on January 5, when he is due to meet a "leading shareholder" in New York, reports Reuters. "There's nothing that can't be bought for the right price," Chen said. As one of the most prestigious newspapers in the world, the NY Times is an occasional target among the wealthy, notes Reuters.

Be the first to comment on "Chinese Magnate Offers To Buy 'NYT'"

Leave a Comment

Sign in to leave a comment. Don't have an account? Join Now

Recent MediaDailyNews Articles

>> MediaDailyNews Archives