NYT Business Section Needs Business Lesson
When ‘bistro strat guy Bill Conneely started frothing on the bus, we were afraid someone would call the cops. Bill, you see, had just read this paragraph in the New York Times about the ongoings at the LA Times and whether it’ll sell to a new owner:
Music mogul David Geffen (pictured, via BBC) “has said he would buy the paper with his own money and would be happy with a 5 percent return on investment, far below what The Los Angeles Times has said is a 20 percent profit margin now.”
Now,
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