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Billionaire Wants to Buy New York Times

This at the Poynter site:

CNBC exclusive: CNBC’s Charlie Gasparino says Hank Greenberg and another unnamed billionaire are interested in buying the New York Times Company.

The story says it is unlikely, but it is worth watching.

Here is an update from Romenesko:

From MARK CORALLO, Corallo Media Strategies: Statement of Mark Corallo, spokesman for Maurice “Hank” Greenberg:

“Mr. Greenberg owns a total of less than 100,000 shares of New York Times stock out of a total of over 143 million shares outstanding. He has no present intention of significantly increasing his holding.”



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