PAT ROBERTSON BIDS FOR NEWS WIRE SERVICE

Pat Robertson is a millionaire preacher and former presidential candidate whose $6 million cash offer for United Press International (UPI) promises to expand a media empire that already includes cable television and radio networks.

The Yale-educated Virginian's bid - the lone offer for the venerable but bankrupt wire service - made jaws drop at a federal bankruptcy court hearing in Rutland, Vt.

Many analysts have suggested it could take a miracle to restore UPI to financial health. But analysts say mainstream media have often underestimated Robertson's business skills by focusing on his his ultraconservative religious views.

You've read  of  free articles. Subscribe to continue.