[paulryanrogers]

Perhaps there is a company size which is just too big to make acquisitions because the risk of stifling competition is too great. Or make any purchases of companies in markets that don't have enough competition.

[PaulDavisThe1st]

It's almost certainly not about the absolute size of the company, but its relative position in whatever niche(s) it operates in.

[lotsofpulp]

What is the size of a company? Net income? Market cap? Number of employees?

[jmull]

By the way, the NYT is big, but not that big… ~$2B yearly revenue.