One in all China’s richest men is planning to place a suggestion in to buy The New York Occasions, in keeping with a new record from Reuters. Chinese recycling rich person Chen Guangbiao, who received worldwide repute for selling cans of “contemporary air” to combat China’s air pollution problem, said he plans to satisfy with probably the most paper’s “best shareholders” in New York on January 5th. “There’s nothing that may’t be offered for the proper price,” he said.

Whereas Chen has been described as a “billionaire,” Hurun’s Wealthy List estimated his wealth at about $740 million in 2012. He has steered that the Instances is worth $1 billion, and says he has enlisted an unnamed Hong Kong rich person to place in $600 million.

Following the purchases of the Boston Globe by Crimson Sox owner John Henry and the Washington Put up through Amazon.com CEO Jeff Bezos previous this yr, The New York Times chairman Arthur Sulzberger, Jr. insisted that “The Times isn’t for sale.” But Chen stated, “If we act in sincerity and just right religion, I believe the Occasions chairman will exchange his mind-set.”

“If I gather the Occasions, the paper will best document the truth and must examine all data,” he delivered, and steered that if his offer failed, he would way CNN, the Washington Submit or the Wall Boulevard Journal. “As long as they have some influence, I’m still keen to believe shopping for lesser media shops.”

[photo by the use of NY Occasions]

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