Thursday, April 22, 2010

Is the Times Ready for a Newspaper War?

Why, then, is Murdoch committing $30 million to launch The Journal's New York section on Apr. 26? Because he sees an opening in his fight against New York Times Co. (NYT), which was so strapped for cash last year it had to pay Mexican industrialist Carlos Slim 14% for a $250 million loan; servicing the debt costs the Times $35 million a year.

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