Despite rumors to the contrary,
The New York Times is not for sale, Arthur Sulzberger Jr., the paper's fourth-generation publisher and chairman,
said at a Media
Matters event at Harvard University. "Rather than looking for an exit strategy, Sulzberger said he and [cousin and vice-chairman Michael] Golden are grooming six members of the fifth generation of the
Ochs-Sulzberger family to eventually take over the company once he retires, a development the chairman hastened to add isn't coming anytime soon," writes Leon Lazaroff.
Read the whole story at The Street »
Which, of course, means that it is. When the airplane is on fire and you're wearing a parachute, the only sane option is an exit strategy.