Chinese magnate wants to buy New York Times

Chinese giant wants to buy the New York Times

Chinese billionaire Chen Guangbiao, pictured here with his canned fresh air, wants to buy the New York Times.

Chinese billionaire Chen Guangbiao, the picture shows him canned food, fresh air, and wants to buy the New York Times.

Chinese billionaire Chen Guangbiao, pictured here with his canned fresh air, wants to buy the New York Times. Photo: Yuan Jianmin

Chinese billionaire Chen Guangbiao, the picture shows him canned food, fresh air, and wants to buy the New York Times. Photo: Yuan Jianmin

A spotlight-loving Chinese business mogul wants to expand his empire into media by purchasing The New York Times.

The spotlight's China-loving business tycoon wants to expand his empire to buy the New York Times from the media.

Chen Guangbiao, who made his fortune recycling material from torn-down buildings, said on Tuesday that he plans to discuss the issue in January with “a leading shareholder” in New York, according to Reuters.

Chen Guangbiao, a man who made a fortune to demolish buildings with recycled materials, said on Tuesday that he plans to discuss the issue with "major shareholders" in New York in January, according to Reuters.

"There's nothing that can't be bought for the right price," Chen told Reuters.

"There is nothing you can't buy at the right price," Chen told Reuters.

Known for his showman flair, the multimillionaire has pulled publicity-seeking stunts in the past. In January, for example, Chen tried to draw attention to China's heavy smog problem by handing out cans of “fresh air” stamped with his likeness.

Called his acting talent, the millionaire put publicity in the past to seek stunts. In January, for example, Chen Shuibian tried to draw attention to China's heavy smog problem and handed it to the "fresh air" jar with his portrait printed on it.

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If Chen successfully follows through on a bid, he would be one in a string of ultra-wealthy businessmen who have recently stepped into the newspaper industry.

If Chen succeeds in passing the following quotation, he will be a string of super wealthy businessman who has recently entered the newspaper industry.

Amazon.com founder Jeff Bezos purchased the Washington Post last year for $250 million, ending four generations of family ownership. Entrepreneur Aaron Kushner, who controls the Orange County Register along with several smaller Southland papers, closed the purchase of the Riverside Press-Enterprise last month.

Jeff Bezos, the founder of Amazon.com, bought the Washington Post for $250000000 million last year, ending four generations of family ownership. Entrepreneur Aaron Kushner, who controls Orange County as well as several smaller Southland documents, closed the Riverside Publishing Enterprise last month to buy.

The Sulzberger family has maintained control of The New York Times for generations, remaining the last family running a major American newspaper.

The Sulzberger family has maintained control of the New York Times for several generations, leaving the last major American newspaper to operate.

After the sale of the Post fueled speculation about the Times' future, company Chairman Arthur Sulzberger Jr. said earlier this year that the paper was not on the auction block.

After the sale, it is speculated that in the future era, company chairman Arthur Sulzberger Jr. said earlier this year that this article is not at auction.

Mr Chen told Reuters that he believes the “Times chairman will change his way of thinking” in due time.

Mr. Chen told Reuters that he believes that “the chairman of The Times will change his way of thinking,” at the right time.

If not, the businessman said he'd look into buying the Wall Street Journal, CNN or the Post instead, Reuters said.

If not, the businessman said he would consider acquiring the Wall Street Journal, CNN or the opposite, Reuters said.

LA Times

Los Angeles Times