What if Sheldon Adelson bought the New York Times?
an interesting idea....
In a spirited public discussion between two of America’s richest men
and largest political donors, at the IAC conference in Washington DC,
multi-billionaire Sheldon Adelson openly challenged his more
left-leaning counterpart and friend, billionaire and media mogul Haim
Saban, to jointly purchase the New York Times away from the Sulzberger family, because of the Times’ open hostility towards Israel.
The subject came up in a pubic discussion about media bias and
Israel. Saban marveled at how Amazon CEO Jeff Bezos had purchased the
Washington Post for a mere $250 million, which Saban called
“bupkis,” and that he was sorry that he did not try to buy it himself.
At that point Adelson pounced on Saban and challenged him on the spot to
join with him to buy the New York Times from the Sulzberger family.
Saban expressed an openness to the idea, but was concerned that the
Sulzberger family would not sell. Adelson dismissed that concern, “You
pay significantly more than it’s worth, then the non-family shareholders
have the right to bring a suit between the real value and what’s been
offered.” Adelson suggested that he and Saban team up and make them an
offer that cannot be refused; “There’s only one way to buy it, money….
but it’s not going to be one of those deals where I put up 10 times more
than you” Adelson said.
Sounds like a plan....
Labels: anti-Israel media bias, Haim Saban, New York Times, Sheldon Adelson