Wednesday, July 30, 2008
Gary Babad Aims to Rule the World
When NYC parent Gary Babad announced on the NYC Public School Parent blog July 18 that his GBN News was acquiring the NY Times, more than a few eyebrows were raised.
His press release stated:
"It is unclear just what effects this takeover will have on the Times reporting, or their staff."
Sure Gary. Barely 2 weeks into your tenure as owner of the NY Times, you get this puff piece about you planted in a newspaper YOU CONTROL.
Just another outrageous abuse of power by the megalomaniacal Babad, who just a month before was awarded an exclusive no-bid contract as the sole distributor of NYCDOE press releases.
"Given the size of the DOE public relations budget, industry experts speculate that this contract alone could have financed GBN’s takeover of the Times,"GBN News reported at the time.
The ugly rumor around the street is that Babad's next move will be to buy Bloomberg L.P.