New York Strip Clubs: Murdoch takes aim at New York Times
The New York Times, run by scion Arthur âPinchâ Sulzberger, Jr., doesnât have deep pockets. Like most newspapers around the globe itâs been struggling for the past several years amid a slump in advertising and changing readership habits.
âItâs very hard for me to understand why it makes sense to invest heavily in New York unless itâs to try to make life miserable for the New York Times,â said Alex Jones, a veteran Times reporter who is now a professor at Harvard University. âMy guess is heâs going to offer ads at a reduced rate. News Corp. can afford to do that and the Times canât.â
Mr. Murdoch already has been engaged in a money-losing newspaper battle for years here, pitting his scrappy New York Post against rival tabloid the New York Daily News. The Post, best known for its Page 6 gossip and clever headlines such as âHeadless Body Found in Topless Bar,â is said to be bleeding red ink, as much as US$70-million a year.