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News Link • Business/ Commerce

Chinese Businessman Seeking Stake in Times Co.


Shares in the Times Company jumped more than 4 percent to a five-year high on Monday, shortly after the businessman, Chen Guangbiao, hinted at his plans in a speech in southern China.

Arthur Sulzberger Jr., publisher of The New York Times, said in 2013 that the family that controls the paper is not interested in selling it.

In a phone interview on Tuesday, Mr. Chen said he had been thinking about “working with” The New York Times for years.

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