A Damsel in Distress

Rest of story: The main stakeholders simply ain't interested.

"Geffen sets sights on NY Times

Published: May 12 2009 03:00 | Last updated: May 12 2009 03:00

David Geffen, the former record executive who made an offer for the Los Angeles Times two years ago, now wants to buy the New York Times, according to people close to the situation.

Mr Geffen, a co-founder of DreamWorks SKG, made an offer in the past two months for the 19.8 per cent stake in the New York Times Company held by Harbinger Capital Partners, the activist US hedge fund controlled by Philip Falcone.

His offer was rebuffed, two people familiar with its details said. One of these said the offer was made at the prevailing market price but Harbinger wanted a premium, adding that Mr Geffen remained interested in owning the company and would be "a patient buyer".

Harbinger, Mr Geffen and the Times declined to comment, but Mr Geffen's interest, first reported by Fortune.com, could complicate the future control of America's most prestigious newspaper company.

The Ochs-Sulzberger family, which controls the New York Times through a class of shares with super-voting rights, was forced to borrow $250m from Carlos Slim , the Mexican telecommunications billionaire, on terms that could allow him to raise his stake beyond the current 6.9 per cent to become one of its biggest shareholders."

Birds of a feather ya know.
I mean Tyson family and Sulzberger family. Those special classes of voting stock with supra voting majorities mean we are not a classless society.
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eLwood. You know I love you but you MUST venture out of Arkansas now and again.

Understand this, please.

Jews don't RAISE chickens.

Jews BUY and SELL chickens, pischer.

Wholesale marked up to retail.

Extrapolate to David Geffen and the NYT situation to fully grasp what's going on.

Of COURSE the NYT isn't interested in selling, Scarlett.

Seriously, honey. We're talking BILLIONS, here. Media mogulship.

This isn't the same as transferring ownership of a Big Box store in Alma.

Really.

It's not.

The Ochs-Sulzberger family's already forced into borrowing to keep the NYT afloat.

Geffen don't gotta borrow shit. He knows it. They know it. We all know it.

And Rupert's gone all dysfunctional on us, like an octogenarian anti-semitic homophobic adulterous Mel Gibson in a Tennessee Williams one-act.

Not to be redundant.

But Mel and Rupert are both right-wing Australian pricks. Have you ever met them?

Think either of them could bathe? Brush their teeth?

Look.

Serious coin's being discussed here and I'm just pointing out that day is day and night is night when I say David Geffen, gay or straight, is the most fuckable human being on the planet including Bill Gates, who's worth lots more but let's face it he's married to Melinda and would you hit on Bill or Rupert at last call . . . or David?

Maybe I'm wrong, but I'm thinking it's last call for the NYT and David's the only one sober, standing, with cash, before closing.

If there's one thing I try NEVER to do, eLwood, it's underestimate fuckability.

Whatever your team, Geffen's got it.

Text Cher if you don't believe me.

No dear, it's you who may have ventured far and wide but learned little when it comes to corporate governance and bottom lines.

Borrowing $250 mill is a big deal for NTY-Sulzberger...
It's like less than a month's payroll for Tyson's.

I'm commenting on the trick of raising capital while retaining family control of your enterprise Mz International. A difficult feat in today's world of transparency.

Try a different approach.

Stay with lipstick and fashion, where a girl can really excel.

P.S.
Jews have controlled major media in U.S. for decades.
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