05/18/2009 12:29 pm ET Updated May 25, 2011

David Geffen Loves the Times -- and Murdoch

Well, David Geffen and the New York Times. I would be remiss if I did not point out that the odd couple of the American media business these days is David Geffen and that other would-be owner of the Times, Rupert Murdoch.

Geffen and Murdoch were brought together by Murdoch's wife, Wendi. The relationship blossomed not least of all because most of the other people in Wendi's circle were lefties and glamour pusses. Geffen, is, too, a lefty and glamour puss, but, also, a billionaire with a relentless focus on media business talk. Murdoch likes nothing better than to talk, without respite, about the media business, and to do it most of all with other billionaires--even gay ("poofters" in Murdoch lingo) former rock impresarios (Murdoch is not exactly your rock type).

The two billionaires speak now a few times a week. Often, they check in with each other every day. Geffen is a great source of gossip for Murdoch--reliable gossip, in Murdoch's estimation; Murdoch is a great source of less-than-reliable gossip for Geffen.

As important, Murdoch and Geffen may be the last men in America still interested in newspapers--certainly they are the two richest men in America still interested in newspapers.

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