Chinese tycoon wants to ‘rebuild’ New York Times

A Chinese tycoon said he is serious about buying The New York Times and wants to work on “rebuilding its credibility and influence” by reforming its award-winning coverage of China.

Chen Guangbiao, listed as one of China’s 400 richest people and a man known as much for his publicity stunts as his charitable giving, penned an op-ed in the state-run Global Times newspaper headlined: “I intend to buy The New York Times, please don’t take it as a joke”.

“The tradition and style of The New York Times make it very difficult to have objective coverage of China,” Chen wrote.

“If we could purchase it, its tone might turn around. Therefore I have been involved in discussing acquisition-related matters with like-minded investors.”

The New York Times has published several award- winning reports on China, including an investigation into the family wealth of then-premier Wen Jiabao in 2012 that was awarded a Pulitzer Prize.

The paper’s website has been blocked ever since in China, and several of its reporters have had difficulty obtaining visas.

Chinese state media and officials often interpret overseas criticism of the ruling Communist Party as an attack on the country.

Chen said if he succeeds he “will conduct some necessary reforms, the ultimate goal of which is to make the paper’s reports more authentic and objective, thus rebuilding its credibility and influence”.

Chen said at an event in the southern Chinese town of Shenzhen he planned to travel to the US “to go discuss the acquisition” of the paper, a remark that many dismissed as the wealthy entrepreneur’s latest play for attention.

Four days later, Chen was spotted by a Chinese Business News reporter at New York’s JFK Airport.

Chinese reporter spotted tycoon Chen Guangbiao in JFK airport. Chen said: "I want to make a 'Chinese New York Times." pic.twitter.com/uVsDXBl4DG

— George Chen (@george_chen) January 5, 2014

But he has been derided by critics as a publicity hound who will go to great lengths for attention.

In the past, he has sold “canned fresh air” to residents of smog-ridden Beijing and also recently posed in front of a wall made of bank note bricks.