'New York Times' Likely to Sell 'Boston Globe' for 1/10th Purchase Price

Breitbart ^ | 27 Jun 2013 | John Nolte

[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 ...

[FreedomPoster]

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

[InterceptPoint]

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.

[hinckley buzzard]

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.