Mad man predicts Bloomberg to buy New York Times
Buried in his column in New York Magazine (see item #9), Jim Cramer passes on some gossip that's been going round town: that Michael Bloomberg's financial information company, which rents out terminals to Wall Street traders, is the logical acquirer of the Sulzberger family's vulnerable newspaper. The name of the TV pundit's show, Mad Money, doesn't exactly inspire confidence; nor do the bizarre money manager's notoriously erratic stock picks. But he is well-connected. And it's not the craziest notion: New York's mayor says he's not running for president; ownership of the Times would preserve his influence once his term is up.