May 9, 2008
The Wealthiest Colleges Should Acquire 'The New York Times'
The time has come for the nation's wealthiest colleges and universities to rescue its leading newspapers — resources almost as vital to higher education's purpose as libraries, laboratories, classrooms, and concert halls. The plan I have in mind would call upon the richest institutions to set aside 3 percent of their endowments to buy The New York Times. That's for a start. Additional purchases of other newspapers by other endowments should follow.
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