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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
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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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