@i'm a bottle: Le Monde will stay free. I don't need the American news anyway. I'll just write North America off if it can't get it's act together enough to keep it's largest and best newspaper from sliding into bankruptcy.
@i'm a bottle: The very first online national experiences were named like The Source and Compuserve, which charged by the minute. The Source was a huge scholastic database for the elites to roam freely inside for seven bux a minute. Everybody just waited in their friendly free neighborhood BBS until sanity reigned once more in the Big Picture.
@Tremonius: I'm too young to know about the Source. Interesting phenomenon. Remember the opening sentence of the Eighteenth Brumaire of Louis Bonaparte?
"Hegel remarked somewhere that all great world-historical facts and persons occur, so to speak, twice. He forgot to add: the one time as tragedy, the other time as farce."
The idea that the NYT will crumble is enough to drive me to drink. What a bad business decision: building a tower at the moment of greatest extension of the real estate bubble.
How can one not miss this writing style and editorial flair? It's like a Scrabble player who memorizes all the two letter words. Such a clever demonstration of verbal economy. I'm looking forward to your next syllable, though bye is becoming redundant.
'd lk t s ths pst r-wrttn s "Wll Crls Slm Spc p Th Nw Yrk Tms?" wth sm clrfl rcst mgry n plc f th hmphb bcs n t's prsnt frm t sn't chvng th mxmm lvl f htfl gnrnc 'v cm t xpct frm wn Thms.
@htotheomo: So wait, let me get this -- pardon the expression -- straight: I'm not gay unless you read a post declaring me so? Schrödinger's cat may or may not be queer as a daisy!
@Owen Thomas: Well, I don't usually assume someone's sexuality. And nothing I have read about you or by you have made reference to your sexuality. Frankly, you could be a eunuch for all I know.
@Owen Thomas: Are you kidding me with that execution? Because he's only wrong in that "sketchy Mexican telecom mogul" is pretty close to the smear he replaces "gay up" with to make his point, which is valid, which is that this post is hateful and stupid.
@BeRightBack: I'm in - maybe Owen can receding hairline blogging guy-up the Times now that he will soon be free.
This is absurd - like Geffen has a magic pixie wand that plays house music and will put David Brooks in a mesh shirt & make him dance on the bar at Splash.
"Last month, sources tell me, former Hollywood mogul David Geffen MADE an offer to buy the 19% stake in the Times held by hedge fund Harbinger Capital Partners, but no deal was struck." (caps mine)
That's "made," Owen. Not makes. I believe your sentence should read, "David Geffen, the wealthy friend of Dorothy, wantED to buy the New York Times."
It's sad and wrong that a group that owns such a small percentage of stock as so much control over a company. I mean it's nice that they feel so patriarchal and all, but a $30 million share in the NY Times shouldn't translate into the kind of hold they have over the paper. And super voting shares are awful, they depress the rest of the stock as a whole because investors calculate how their dividends and authority is diluted versus these shares. Odd that the family is broke, too, didn't they diversify in anything outside the company over the last 100 years? Do any of them have real jobs outside the media?
@cdmunch: I agree with you completely on the supervoting stock. The stock exchanges won't allow companies with disproportionate voting rights to list their shares, but the Times and Ford Moter were grandfathered. My guess is that Slim or any sensible debtholder who agrees to take equity to satisfy his debt won't allow it to continue or will insist on getting voting stock.
I don't know much about the Sulzberger family, but I've read that they've not diversified as much as others in their situation. I'm sure many of them have real jobs, but there's nothing like an extra $20 million a year to share among you and your cousins to take the edge off of being a wage slave.
@DaveCrabtree: Usually with these families, they have one offspring who gets into real estate and sets up a resort town or buys half a city, and then you have another who marries into another fortune and then a third who is a whiz at investing and takes all that money and triples it every decade until a few generations later the family is so large and spread thin and saddled with heroin-addicts and loopy philanthropists married to broke but titled Europeans that they just piss it away in a generation.
@cdmunch: Haha, that's a classic American story. If I had more facility with this internet thing, I could point you to an article about the Sulzberger family that was published a couple of years ago (around the time the Bancrofts sold the WSJ). Maybe you can find it. I do remember thinking that there weren't any tycoons lurking among the Sulzbergers.
I walk past the Times Building every day and one song always plays in my mind: "Diamond Dogs" by David Bowie. Can't you just see the peopleoids living inside after the Failure, and Halloween Jack rappling down its sides?
05/15/09
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05/15/09
It's a bloody carousel.
05/15/09
Not if you are looking at the actual paid subscriptions. WSJ being forced on people who are taking Kaplan courses do not count.
05/15/09
"Hegel remarked somewhere that all great world-historical facts and persons occur, so to speak, twice. He forgot to add: the one time as tragedy, the other time as farce."
The idea that the NYT will crumble is enough to drive me to drink. What a bad business decision: building a tower at the moment of greatest extension of the real estate bubble.
05/15/09
05/12/09
05/12/09
05/12/09
05/11/09
05/11/09
05/11/09
05/11/09
05/12/09
@WindowSeat: Bye!
05/12/09
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05/12/09
This is absurd - like Geffen has a magic pixie wand that plays house music and will put David Brooks in a mesh shirt & make him dance on the bar at Splash.
05/12/09
05/11/09
That's "made," Owen. Not makes. I believe your sentence should read, "David Geffen, the wealthy friend of Dorothy, wantED to buy the New York Times."
When is your last day, by the way?
05/11/09
05/12/09
05/11/09
Yes, literally.
05/11/09
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05/11/09
I don't know much about the Sulzberger family, but I've read that they've not diversified as much as others in their situation. I'm sure many of them have real jobs, but there's nothing like an extra $20 million a year to share among you and your cousins to take the edge off of being a wage slave.
05/11/09
05/11/09
05/11/09
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05/11/09
05/01/09
I salute you.
04/30/09
03/09/09