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0.00105630223502951 -0.00115353507674763 -4.86164208591401E-05 -4.86164208591401E-05 -0.00115353507674763 -0.00557320970030191 -0.0066781283561904 -0.00999288432385603
Stock impact report

Expect a Zany Vision for TIME Under New Ownership [Fortune]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Fortune
This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here . There isn’t another CEO in the world who would give an interview to The New York Times by text message while getting a massage. Then again there isn’t another CEO in the world like Marc Benioff, who, together with his wife Lynne, is buying Fortune sister publication TIME for $190 million. For anyone who thinks it’s a kooky idea to buy a fading newsweekly, they don’t know Benioff very well. This is a guy who with a straight face claims he got the idea to start his company, Salesforce.com, while standing on top of a dormant volcano. There was evidently still enough energy underground to spawn tens of billions of dollars in market value. Even if the Benioffs never succeed with TIME , they’ll have accomplished a kind of cosmic payback. The technology industry has sucked the air out of journalism. Entrepreneur Show less Read more
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