Chinese magnate wants to buy New York Times
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.
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.
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.
AmAZon.com founder Jeff Bezos purchased THE 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.