Not a Man of the "Times"

Recently there have been rumors that New York's billionaire mayor Michael Blomberg was going to buy the New York Times. The purchase of this would not only include the newspaper The New York Times but also the other major paper the Boston Globe. Bloomberg bluntly denied this rumor by stating, "“I am not a newspaper person (and) I am not going into the newspaper business.” The reason why the New York Times is being considered for sale is because the cost of shares has significantly decreased. Critics believe that Bloomberg is just what the enterprise needs; a privatized business of Bloomberg. The reason for believing that Times Co. is vulnerable is because many different share holders want to take the corporation in different directions and as a result the stock value has plummeted. For now Bloomberg has clearly stated that he has no intentions of merging Bloomberg LP with the traditional Pegasus.