The struggling New York Times is reportedly facing at least two alternatives to stay alive involving rescuing angels.Newsweek reports that entertainment multibillionaire David Geffen, who has pledged to devote his fortune to charity, is interested in buying the Times and turning it over to a nonprofit organization, to free it from the financial obligations attendant to private ownership.Geffen declined to publicly comment on media reports that he recently tried to acquire a large stake in the financially distressed New York Times Co., parent of the storied newspaper. But two people familiar with Geffen's thinking say the answer is simple: an acquisition of the Times wouldn't be a financial investment. If Geffen were successful in landing The New York Times, said one of the confidantes, he'd convert it into a nonprofit institution. He would regard the newspaper, perhaps the world's most influential journalistic enterprise, as a national treasure meriting preservation into perpetuity....(Read Full Post)