June 15, 2008

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Reader-Owned

What a neat idea, from Alfonso Serrano by way of Felix Salmon:

Personally, I think this is a really good idea: give every print subscriber one Class B voting share of NYT stock, and then give them one more share every three months thereafter, assuming their subscription is still in good standing. The securities would automatically convert to Class A shares if they were sold or transferred, or if the subscriber let his subscription lapse.

I’m sure there’s some SEC craziness that renders this totally implausible, but even so, it’s appealing.

(Link via my dad!)