Bill Clinton bidding on Philly paper - Democratic Underground

kpete

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Wed Mar-29-06 05:02 PM
Original message

Bill Clinton bidding on Philly paper

Edited on Wed Mar-29-06 05:05 PM by kpete

President Clinton Emerges in Group Bidding for Philadelphia Inquirer

By JOSH GERSTEIN - Staff Reporter of the Sun
March 29, 2006

A private investment group whose board of directors includes President Clinton made a bid yesterday to take over a dozen daily newspapers owned by Knight Ridder, including the Philadelphia Inquirer.

Mr. Clinton serves as a senior adviser to the Yucaipa Companies, a Los Angeles-based investment firm that has joined with a journalists' union, the Newspaper Guild, to seek control of the 12 newspapers and gradually transfer ownership to the news outlets' employees.

more at:
http://www.nysun.com/article/29968
via:http://www.rawstory.com/

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mdmc

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Wed Mar-29-06 05:03 PM
Response to Original message

1. nice!

:kick:

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BootinUp

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Wed Mar-29-06 05:04 PM
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2. Interesting.

thanks for the post kpete.

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TrueAmerican

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Wed Mar-29-06 05:04 PM
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3. Bad investment

Newspapers will be obsolete in a few years.

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neuvocat

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Wed Mar-29-06 05:17 PM
Response to Reply #3

4. Well...

newspapers are largely looking at the internet as a new medium. Bill Clinton after all is the one who did a great deal to promote the internet to the american public (Al Gore of course had a lot to do with it too). He sees something in this that we probably can't.

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mzmolly

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Wed Mar-29-06 05:27 PM
Response to Reply #3

5. I read the paper online.

;)

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peace frog

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Wed Mar-29-06 05:43 PM
Response to Original message

6. Hey Bill, buy up what remains of Knight Ridder, willya?

It would be nice to have at least one major newsgroup not under BushCo's brutal thumb.

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