Bezos, Slim, and Buffett, Publicly Pleading Poverty, Ask Congress for Help With Their Newspapers

Privatize profits and socialize losses. Is this Bush Jr's legacy?

It’s the sort of brazen move that might ordinarily trigger a front-page news story or an outraged editorial — a bunch of rich individuals asking Congress to write them a law that would give them better negotiating power against other rich individuals.


Yet in this case, the rich individuals wanting special treatment are the newspaper owners themselves. Washington Post owner Jeff Bezos (worth $83.9 billion, according to the Bloomberg Billionaire’s Index), New York Times owner Carlos Slim (worth $61.1 billion), and Buffalo News owner Warren Buffett ($76.9 billion), publicly pleading poverty, are asking Congress for a helping hand in their negotiations with Google, controlled by Sergey Brin ($45.6 billion) and Larry Page ($46.8 billion).

www.nysun.com...

I hope the poor billionaires get the help the desperately need.
It is the ultra rich asking for help keeping their newspapers afloat, so I wonder if there is an editor out there that will run a story on how arrogant this is?

a reply to: seasonal

The other link goes to a subscription required site.
Any details you could post?

a reply to: seasonal

Disgusting.
They'll get it too.


They have 'billions' of ways to persuade.

a reply to: Bluntone22


This is the source I used, it is not a subscribe site.
www.nysun.com...

a reply to: o0oTOPCATo0o

This is the problem with GM-Banks-bailed out. Now it is part of a business strategy.


And the band played on.

a reply to: seasonal

That link doesn't give any details about the billionaires requests.

a reply to: seasonal

NYT and WP, with their fine track record I am SHOCKED

Surprised CNN isn't asking for some government favors too. Give them a few weeks.

Thats what happens when you go "all in" and lose. Their sure bet, Hillary, can't help from 'behind the scenes' now.

a reply to: seasonal

oh oh ... I see a repeat of the too big to fail banks bailout - are they going to use the excuse that they provide a useful alternative to "fake news"

a reply to: stosh64

The ultra rich do not loose. They want money, and they have paid lobbyist to insure that they get it.

a reply to: TheConstruKctionofLight

Yes, I think this will be Bush JR legacy, giving $$$ from tax payers who can not afford the basics anymore to multi billionaires and very wealthy corps.

Great job from a "compassionate conservative".

a reply to: seasonal
Dear Mr Bezos, Slim and Buffett could you please give me a million each (which you can afford easily) so I can negotiate with Google. I don't know yet what I want to negotiate for but something will come up as soon as I have the funds in the bank.

a reply to: crayzeed

Better idea, just form one big ass company. I'm sure there will be no anti trust problems.

a reply to: seasonal
Will you shut up, I'm trying to beg here and your queering my pitch. They wont join cos just like the Highlander "they can be only one". And being as they all think that they are God, there can only be one God.

Two of the Newspapers that twist everything out of perspective are asking our government for more money? They are not publishing truth, they are publishing twisted opinions. I think the national inquirer was much better at telling the whole truth than these two that twist things backwards. No wonder they are loosing money, nobody believes what they say and people are getting tired of them.

Let them flop, another newspaper will take their place quickly.

a reply to: crayzeed

True.

Anti trust will apply at some point...I hope.

Meanwhile, we continually blame poor people for economic woes.

Surprised this isn't being praised by "small-government," clowns as "good business practice," to be honest.

a reply to: RomeByFire

Correct the only people that are supposed to loose are the small piss ons.

The billionaires don't loose. They have paid lobbyists millions and millions and millions of $$$ to insure they will rake in billions.

The ultra wealthy have secured protection from anti trust. It is funny how unbridled capitalism is on parade with all it's bravado and class protected socialism.

a reply to: seasonal

Reminds me of billionaire pro sports owners, forcing cities to front half the bill on new stadiums.
Takes money to save money, I guess.

a reply to: o0oTOPCATo0o

Takes tax payers $$$ to make money.


Ask Tesla's Musk

a reply to: seasonal

I would question why even need these 'news' organizations.

Sometimes bad ideas need to be left to rot.