Now that's a businessman I would like to stay away from.
He did see the real estate crash coming years in advance.
People who should have known better didn't.
And he got tronc to assume all the paper's debts, so that's something.
The media had fun with the story.
At first they thought the price was $1 million.
Then they realized the whole newspaper was being sold for the price of one copy of the newspaper.
Plus taking on all the debt.
Depends on if it’s a ‘business’.
A lot of media is just an undeclared political contribution to Democrats. Hypothetically, Zuckerman spent $1.5 million per year promoting his agenda, and that may have been a bargain in terms of publicity.
Actually, he may have spent twice that much, as I think the new owner acquired $30 million in debt.