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'New York Times' Likely to Sell 'Boston Globe' for 1/10th Purchase Price
Breitbart ^ | 27 Jun 2013 | John Nolte

Posted on 06/28/2013 10:10:11 AM PDT by george76

the New York Times Company, that bought the Boston Globe for $1.2 billion in 1993, is now accepting bids in the range of $100 million, or about a tenth of what it paid just twenty years ago. Complicating matters further is $110 million in pension liabilities ...

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Massachusetts; US: New York
KEYWORDS: bostonglobe; media; msn; newspapers; newyorktimes; nyt; oldmedia; tv

1 posted on 06/28/2013 10:10:11 AM PDT by george76
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To: george76

Well, these are the guys who think profits are evil ...


2 posted on 06/28/2013 10:11:51 AM PDT by ClearCase_guy
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To: george76

Maybe the ChiComs will buy it and turn it into a less-Leftist paper.


3 posted on 06/28/2013 10:12:14 AM PDT by txrefugee
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To: george76

Consider this the next time you read their opinions on the economy.


4 posted on 06/28/2013 10:12:19 AM PDT by The KG9 Kid (Demand Common Sense Nut Control.)
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To: george76

Hah Hah


5 posted on 06/28/2013 10:12:41 AM PDT by bkepley
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To: The KG9 Kid

It would take a heart of stone not to laugh.


6 posted on 06/28/2013 10:12:54 AM PDT by massgopguy (I owe everything to George Bailey)
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To: george76

Soros.......paging Mr. Soros..............


7 posted on 06/28/2013 10:12:57 AM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: george76

That paper still exists?


8 posted on 06/28/2013 10:13:18 AM PDT by ConservativeStatement ("World Peace 1.20.09.")
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To: george76
ROTFLMAO!
Slick move Pinch, slick move.
9 posted on 06/28/2013 10:15:37 AM PDT by The Cajun (Sarah Palin, Mark Levin, Ted Cruz, Trey Gowdy......Nuff said.)
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To: george76
Riddle:

What doesn't work, is filled with parasites, is red all over, smells like dog crap on a sunny day, and is priced at $100M?

10 posted on 06/28/2013 10:15:45 AM PDT by pabianice
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To: george76

Why don’t they sell it to the employees?


11 posted on 06/28/2013 10:17:22 AM PDT by Paladin2
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To: george76

Those sharp media business moguls!!!


12 posted on 06/28/2013 10:17:45 AM PDT by Iron Munro (Rubio's New Book: From Nobody To Senator, To Conservative savior, Then Back To Nobody")
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To: george76
Complicating matters further is $110 million in pension liabilities ...

As long as taxpayers are not saddled with that bill, I don't care.

13 posted on 06/28/2013 10:17:46 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: ConservativeStatement

There’s nothing to support the claim that meteors killed the dinosaur media...


14 posted on 06/28/2013 10:18:23 AM PDT by PATRIOT1876 (The only crimes that are 100% preventable are crimes committed by illegal aliens)
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To: pabianice

The NYT had an enormous archive of pictures and history that could have been the basis for being the Yahoo and Google and maybe Amazon if they had had any vision. The newspaper business is failing because their management won’t adapt to the new internet age and become something more than a supplier of cage bottoms.


15 posted on 06/28/2013 10:18:26 AM PDT by Oldexpat
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To: george76

What needs to happen with these dying leftist rags is for someone, the Koch brothers for example, to buy them and turn them around as more conservative publications. I doubt if we have an example of that yet but what a lesson it would be for the lefties.


16 posted on 06/28/2013 10:19:47 AM PDT by InterceptPoint (If I had a tag line this is where you would find it)
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To: george76
Just throw in 10 million and give the Globe to the union.
After all it is a write off for the Times.

Using liberal logic this is an example of corporate welfare.

17 posted on 06/28/2013 10:19:51 AM PDT by oldbrowser (We have a rogue government in Washington)
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To: pabianice
What doesn't work, is filled with parasites, is red all over, smells like dog crap on a sunny day, and is priced at $100M?

Michael Moore?

18 posted on 06/28/2013 10:19:59 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: george76

“Now accepting bids”

But are they getting any bids? I wouldn’t give them ten cents, because whoever buys that piece of leftist junk will likely end up with endless debts and obligations and lawsuits, I suspect.


19 posted on 06/28/2013 10:20:10 AM PDT by Cicero (Marcus Tullius)
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To: george76

Paging the Koch bros. Oh the irony....


20 posted on 06/28/2013 10:20:14 AM PDT by jwalsh07
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To: george76

All these leftist concerns are down the tubes in circulation, advertising revenue, ratings, viewers,...you name it. Therefore the vast majority of the country doesn’t subscribe to their ideology. In fact just the opposite.

And yet the ‘smart’ girls and metrosexuals in the Republican Party are convinced that conservatism is not the way to go to win elections.


21 posted on 06/28/2013 10:26:00 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: george76; All

Mexican billionaire, Carlos Slim lent the NYT 250 million last year. I hope he takes it away from them

One crook, foreclosing on a bunch of crooks;)


22 posted on 06/28/2013 10:26:54 AM PDT by stephenjohnbanker (The RINO/amnesty argument goes like this: 1) If we pander to Hispanics, we will save the GOP, at le)
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To: george76

Is there something wrong with the business model of circulation halving and doubling the price, circulation halving and doubling the price, circulation halving and doubling the price, ....???


23 posted on 06/28/2013 10:33:36 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: C210N
business model of circulation halving and doubling the price

Your average newspaper reader just drops the subscription; however, since my wife insists on reading the local rag, I called circulation and told them I would not renew at the price quoted; they quoted a lower price--"nope too high"; and we kept going until I got it cheaper than their introductory subscription price. I'm still paying for slanted news and libtard editorials, but it keeps peace in the family and the comics aren't bad.

24 posted on 06/28/2013 10:41:56 AM PDT by DeFault User
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To: george76

I would like to see a conservative person or group buy the Globe. Afterall, aren’t these conservatives all rich. /s
By the way, why aren’t major newspapers or main stream media owned by conservatives?


25 posted on 06/28/2013 10:47:40 AM PDT by drone
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To: Paladin2

Give the paper to the unions and walk away.


26 posted on 06/28/2013 10:49:43 AM PDT by Average Al
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To: Average Al

Yep. Give them an object lesson in Life.


27 posted on 06/28/2013 10:50:37 AM PDT by Paladin2
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To: george76

maybe Glenn Beck will buy it (for $1) and turn it into a respectable news source


28 posted on 06/28/2013 10:51:03 AM PDT by Mr. K (There are lies, damned lies, statistics, and democrat talking points.)
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To: txrefugee
"Maybe the ChiComs will buy it "

Is that like Rahm and Zer0, et. al.?

29 posted on 06/28/2013 10:51:35 AM PDT by Paladin2
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To: Paladin2

you know, that is a damn good idea


30 posted on 06/28/2013 10:52:00 AM PDT by Mr. K (There are lies, damned lies, statistics, and democrat talking points.)
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To: jwalsh07

“Paging the Koch bros. Oh the irony....”

We are asking too much of the Kochs! They’d loose their a$$ in Boston. But then again, it’s pocket change to them and they could probably claim it as a loss on their taxes, or call it a “political donation” and just shutter it.


31 posted on 06/28/2013 10:54:19 AM PDT by vette6387
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To: george76

Trying to sell.... are there any takers??


32 posted on 06/28/2013 10:58:05 AM PDT by ontap (ion. Would you suggest that that organization)
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To: george76

Just another symptom of the Obama Economy.

There are examples in my own back yard. A mall here just sold for 1/10 of its assessed value. An AM radio station sold for roughly the price of a Hyundai Elantra.


33 posted on 06/28/2013 10:59:35 AM PDT by Buckeye McFrog
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To: george76

The New York Times has made a lot of bad picks over the years.


34 posted on 06/28/2013 11:13:32 AM PDT by AtlasStalled
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To: george76

I bid fifteen cents and a piece of red clay.


35 posted on 06/28/2013 11:17:49 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: InterceptPoint; jwalsh07

what is the latest on the Koch bros purchase of Chi-Tribune, LA-Times?


36 posted on 06/28/2013 11:19:05 AM PDT by campaignPete R-CT (we're the Beatniks now)
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To: ClearCase_guy

A few less 1%ers at NYT to worry about.

Pray for America to Wake Up


37 posted on 06/28/2013 11:57:14 AM PDT by bray (Stop tolerating beheading!)
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To: campaignPete R-CT
what is the latest on the Koch bros purchase of Chi-Tribune, LA-Times?

I haven't heard a thing lately. Still have my fingers crossed.

38 posted on 06/28/2013 11:57:32 AM PDT by InterceptPoint (If I had a tag line this is where you would find it)
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To: george76

Wouldn’t it be great if there were no bidders “in the range of $100 million”?


39 posted on 06/28/2013 12:02:47 PM PDT by clintonh8r ("Europe was created by history. America was created by a philosophy." Baroness Thatcher)
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To: george76

Maybe the Koch Brothers should buy it.


40 posted on 06/28/2013 12:25:23 PM PDT by TBP (Obama lies, Granny dies.)
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To: InterceptPoint

I’m not sure that works in NYC or Boston. There aren’t enough conservatives in those places to support a conservative paper.


41 posted on 06/29/2013 6:15:51 AM PDT by FreedomPoster (Islam delenda est)
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To: FreedomPoster
I’m not sure that works in NYC or Boston. There aren’t enough conservatives in those places to support a conservative paper.

We are outnumbered for sure. But conservatives have an advantage: They Read. In particular, they read the news. That's why it would be an interesting experiment.

42 posted on 06/29/2013 6:22:57 AM PDT by InterceptPoint (If I had a tag line this is where you would find it)
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To: clintonh8r
Wouldn’t it be great if there were no bidders “in the range of $100 million”?

There may not be. Remember Newsweek sold for a dollar. Who would risk that kind of money and assume liability for all those debts and have no guarantee of even turning a profit in a dying industry.

43 posted on 06/29/2013 9:05:45 AM PDT by hinckley buzzard
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