Tuesday, April 10, 2007

Reflections of a Newsosaur: Why NYT may have to go private

From Alan Mutter:

"To comfortably maintain control of the New York Times Co., the Ochs-Sulzberger family may have no alternative but to follow the Tribune Co. in a highly leveraged transaction to remove their company from public ownership."

Comment: I believe that, to survive, the newspaper industry needs to get as far away from Wall Street as possible. That's not to say that there aren't other, gloomier, valid points of view.

In any case, Mutter, who knows what he's talking about, explains in exquisite detail what this would mean for the Grey Lady.