Bill Clinton bidding on Philly paper

[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/

[mdmc]

1. nice!

:kick:

[BootinUp]

2. Interesting.

thanks for the post kpete.

[TrueAmerican]

3. Bad investment

Newspapers will be obsolete in a few years.

[neuvocat]

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.

[mzmolly]

5. I read the paper online.

;)

[peace frog]

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.