Skip to main content

I'm somewhat surprised that no one else has posted a diary about this yet, but I am somewhat concerned about billionaire Maurice Greenberg's reported bid to take over the New York Times.  As I am sure most of you know, until he tangled with Eliot Spitzer, Greenberg was chairman and CEO of AIG, a position he held from 1968 to 2005.

This article in Editor & Publisher details Greenberg's longstanding Republican loyalties and explores his possible motivations in attempting to take over the NYT:                                                   Who is Maurice Greenberg, Man Behind Bid for 'NY Times'

The story speculates on the motive behind the octogenarian Greenberg's bid:  

Some analysts have suggested that Greenberg may be driven partly by revenge in the Times takeover bid. The paper has been critical of him in the ongoing legal dispute with the state attorney general, now Governor-elect, Eliot Spitzer. A Times article last December referrred to the "man-made disaster" at AIG, the world's largest insurance company: "Regulators had discovered accounting problems at A.I.G., and the board swiftly ousted the chairman and chief executive, Maurice R. Greenberg, who over the course of 38 years had built the insurer into a behemoth with a market capitalization of $170 billion.

Granted, I do not think the NYT is a perfect newspaper.  Far from it.  Nevertheless, I cannot imagine a takeover of the NYT by Greenberg would a positive development for freedom of the press.

Originally posted to scd2 on Thu Nov 30, 2006 at 12:27 AM PST.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site