It make sense considering David Geffen counts several New York Times marquee journalists like Frank Rich and Maureen Dowd as his close pals. What are friends for? Fortune magazine first broke the news, which I’ve now confirmed, that Geffen offered to buy a 19% stake in the NYT Co held by hedge fund Harbinger Capital Partners, but no deal was struck. I reported Geffen lost interest in buying the Los Angeles Times.
David Geffen Offered To Buy 19% Stake in New York Times Held By Hedge Fund
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