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Meta comment: The New York Times has really got a burr up its shorts about Apple these days, what with this piece and its "iEconomy" articles. Yet the NYT's mar
by temphn 14y ago
Meta comment: The New York Times has really got a burr up its shorts about Apple these days, what with this piece and its "iEconomy" articles. Yet the NYT's market cap is only $1B:
https://www.google.com/finance?client=ob&q=NYSE:NYT https://www.google.com/finance?client=ob&q=NYSE:NYT
The Times wouldn't have attacked Apple like this if Jobs were still alive. For that matter, after the first negative NYT article came out, he might have simply bought the NYT for $1B and pointed it against its traditional rivals. None would be the wiser. This is what Gates did with Slate, and Soros with ThinkProgress. And at Apple's scale, that actually makes sense: better $1B out of pocket than a negative NYT article knocking 1% (nowadays $6B) off your market cap.
After all, the NYT isn't writing exposes on Carlos Slim Helu, who owns an 8% stake.
- panthera 14y ago> After all, the NYT isn't writing exposes on Carlos Slim Helu, who owns an 8% stake. Amusingly, the NYT reporters like to bite the hand that feeds them: nytimes.com/2009/02/16/business/media/16slim.html?pagewanted=all To wit: "Notoriously thin-skinned, he does not have to pick up the phone and bellow at those who publish and broadcast something he does not like. His vast resources often translate into less-than-critical coverage. Mr. Slim declined through his spokesman and son-in-law, Arturo Elias, to be interviewed for this article."