Maybe the real headline should be, “Financial Times finds old way to save newspapers.” It’s called the lawsuit. As reported by Cityfile:
Brian Tierney doesn’t dispute that U.S. newspapers are in trouble; he just wants to know why they can’t tell the good side of the story. That led to this article in today’s Philadelphia Inquirer, the paper he owns along with a group of investors:
We’ve heard in recent days that The New York Times has gotten some interest in its stake in the Boston Red Sox, but it seems like whatever offers are being discussed, they must not be enough for the publisher.
The New York Times and GateHouse Media arrived at a general understanding on Monday of how Web links work. That’s good timing because they were supposed to go to trial over it today. Here’s the brief back story, courtesy of The Associated Press:
The story of rich billionaires buying troubled newspapers is one that has been told before, but never with headlines that practically nod and wink at you like this one from the Financial Times: