Daniel Lauchheimer's  Instablog

Daniel Lauchheimer
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Investor with no formal training. Enjoy reading about happenings in corporate America, and trying to predict where things will land in the future. Interests span all sectors with no particular focus Also interested in macro strategies, and derivatives-- both for investing and hedging. No... More
  • New York Times Acquisition Possibilities 0 comments
    Jul 22, 2012 5:45 AM | about stocks: NYT

    In a previous post, I gave multiple reasons why I thought The New York Times will remain a financially successful company. I still believe in the main thrust of my thesis (though I had imprecise formulations), but I would like to raise an alternative possibility -- that Mike Bloomberg might buy The New York Times.

    This idea has gained a nice head of steam after a New York Magazine article floated the idea a few months back.

    I would just add one wrinkle to their speculation. Steven Rattner, a former hot shot investment banker at Lazard (NYSE:LAZ) currently serves as chairman of Willet Advisors -- the firm that manages Mayor Bloomberg's fortune.

    Steven Rattner also (according to Vanity Fair, and Time Magazine) has a long time friendship with current New York Times publisher Arthur Sulzberger Jr.

    Could Mr. Rattner put on the old IB cap, and make one last front page deal?

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: NYT
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