David Geffen may intend to buy the NY Times and turn it into a nonprofit.
This could be really awesome.
Comments
This seems unlikely to me.
Based on Monday’s NYT strategy meeting, the idea has been explored at length by the current ownership but was ultimately deemed impossible for a company the size of the Times.
I think the idea is totally feasible and should be seriously looked at for smaller publications because it can work well, as evidenced by the St. Pete Times and Gotham Gazette.
Now if the Times’ new multi-faceted approach to boosting online revenues is a total failure, then I think anything is possible. But this is years off at the earliest.