Sunday, May 16, 2010

Media NY Times Glosses Over Their Own Free Money While Slamming Condé Nast, Financial Industry

The Village Voice reports on the rent seeking the New York Times wants to black out:
the New York Times received a subsidy of $28.7 million for a printing plant in Queens in 1993 and a subsidy of $18.7 million (the Times itself put the figure at $26.1 million, and noted that opponents said the subsidies could be as large as $70 million) in 2001 for its new headquarters building near Times Square in Manhattan.
If the Times were for free markets and property rights they couldn't take money via politicians. Activist government has been quite lucrative for the Times.