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.