Chinese Tycoon's Interest in New York Times Undone by Media Attention

ChenGuangbiaoHeadshotThe young new year’s strangest NYC media story has come to a predictable end. Chinese billionaire Chen Guangbiao is moving on from his briefly articulated aspirations to become a local newspaper baron.

What’s not so expected is the way this pie-in-the-Chinese-sky came crashing down. From a report by Forbes blogger Heng Shao:

In an interview with Forbes in New York on Tuesday, Chen said he had scheduled a meeting on January 5 with “a small shareholder” of the Times who was introduced to him by a Chinese-American friend and supposedly would help “coordinate the deal from the top.”

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