Opinion

Felix Salmon

Google-NYT: The dance continues

By Felix Salmon
May 11, 2009

Back in January, Google’s Eric Schmidt was dismissive when asked about whether he had any interest in buying the New York Times, although he did say he was interested in doing a peculiar thing where he would “merge without merging”, whatever that meant.

In any event, it seems to have meant that when a real opportunity arose, he spent a good deal of time looking at it:

Scott Galloway, a Web entrepreneur and New York University Business School professor who is one of two Harbinger appointees on the Times board, made an overture to Google co-founder Larry Page about Google buying the Times Co. Even though Google CEO Eric Schmidt has publicly lamented the state of the newspaper industry and dismissed the notion of Google investing in it, people involved said the company looked seriously at the opportunity before deciding to pass.

My feeling is that there’s no point in Google talking to Harbinger: unless and until the Sulzberger family has serious interest in talking, it makes essentially no difference who owns the B shares. But at that point, there are all manner of interesting structures which might be created, some of which might well involve Google’s charitable arm, Google.org. Schmidt’s claim that he didn’t want to mix philanthropy with business was always the least convincing part of his claim not to be interested in the NYT.

Comments
4 comments so far | RSS Comments RSS

this trek is nice in the Nepal.

 

01
Kathamdnu

02
Phakding

03
Namche Bazzar

04
Dole

05
Machchhermo

06
Gokyo

07
Gokyo Lake

08
Dole

09
Namche Bazaar

10
Phakding

11
Lukla

12
kathamndu

 

Prediction: No way that that newspaper falls into politically neutral hands. Just not going to happen.

Posted by Dude in Jersey | Report as abusive
 

I think you mean the A shares. The B shares hold the voting rights.

Posted by John Gapper | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •