New York Times Co. (NYSE:NYT) board member Scott Galloway thinks a Fortune.com article that states he approached Google co-founder Larry Page concerning a potential merger is pure fiction.
"I've never been in same room with him ... There has been no phone conversation. No e-mail conversation ... There has been absolutely zero contact between me and him," Galloway told Reuters, referring to Page. "With respect to reports that I had a conversation with Larry Page about buying the New York Times, it's not true."
Those words seems to shut down the thesis, for now, that has been swirling over the last six months that Google Inc. (NASDAQ:GOOG) and the New York Times have discussed a merger. It's been well reported that the Times is struggling and is exploring every avenue to survive. But the search giant, which has been one of the contributors to the Times woes, would likely not want to plunk down money on a bleeding enterprise that it is basically enjoying for free. For now, the conversation never happened, but if the Times can't dig itself out of its hole, it's an option that Galloway has to seriously consider. - Gerald Magpily
See Fortune article
See Reuters article
Continue reading below
