Can the billionaire buy his way into ownership of the respected newspaper company? By Jonathan Berr
Billionaire Donald Trump wants it known that he really, really wants to buy The New York Times even though the paper is not for sale -- and even if it were, the Sulzberger family, which has owned it for more than a century, probably would never sell it to him in a billion years.
If Trump is successful -- and that's a big if -- he would have a tough time convincing employees and advertisers that he wouldn't use the paper to promote his own political agenda. In fact, some newspapers around the country have been snapped up by wealthy business owners with their own motives. Real-estate developer Doug Manchester, for example, bought the San Diego Union-Tribune in 2011 and turned the paper into what Media Matters for America calls "a corporate shill." http://money.msn.com/now/post.aspx?post … 02d970da17 He can command a tv spot without hesitation and now wants to insure we read his views? No way.