Skip to comments.'New York Times' Likely to Sell 'Boston Globe' for 1/10th Purchase Price
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 ...
Well, these are the guys who think profits are evil ...
Maybe the ChiComs will buy it and turn it into a less-Leftist paper.
Consider this the next time you read their opinions on the economy.
It would take a heart of stone not to laugh.
Soros.......paging Mr. Soros..............
That paper still exists?
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?
Why don’t they sell it to the employees?
Those sharp media business moguls!!!
There’s nothing to support the claim that meteors killed the dinosaur media...
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.
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.
Using liberal logic this is an example of corporate welfare.
“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.
Paging the Koch bros. Oh the irony....
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.
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;)
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, ....???
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.
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?
Give the paper to the unions and walk away.
Yep. Give them an object lesson in Life.
maybe Glenn Beck will buy it (for $1) and turn it into a respectable news source
Is that like Rahm and Zer0, et. al.?
you know, that is a damn good idea
“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.
Trying to sell.... are there any takers??
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.
The New York Times has made a lot of bad picks over the years.
I bid fifteen cents and a piece of red clay.
what is the latest on the Koch bros purchase of Chi-Tribune, LA-Times?
A few less 1%ers at NYT to worry about.
Pray for America to Wake Up
I haven't heard a thing lately. Still have my fingers crossed.
Wouldn’t it be great if there were no bidders “in the range of $100 million”?
Maybe the Koch Brothers should buy it.
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.
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.
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