Chinese Tycoon Says He Wants to Buy NY Times


An eccentric Chinese recycling magnate said on Tuesday he was preparing to open negotiations to buy the New York Times Co., Reuters reported. Chen Guangbiao, a well-known philanthropist who handed out free cans of “fresh air” says buying the Times is something he’s been contemplating for more than two years. “There’s nothing that can’t be bought for the right price,” Chen said. The Times is an occasional target among the wealthy — some with unsteady aims. Donald Trump was trying to figure out a way to buy The Times earlier this year, but it’s unlikely that the Ochs-Sulzberger family would sell.