[Iron Munro]

According to this INFLATION CALCULATOR , $1.00 in 1993 is now equal to $1.62 dollars in 2013.

That would make the $1.1 billion cost in 1993 equal to $1.78 billion today.

Subtract the $70 million received for the sale and you have an effective loss in value of $1.71 billion dollars.

Tack on the retained pension liabilities, "which are currently estimated at $110 million", and the loss goes up to $1.82 billion in 2013 dollars.

I can see why the NY Times thinks Obama is such a financial whizz-kid.

[Milton Miteybad]

Just so everybody is aware...T. Rowe Price & Associates, Inc. is a major shareholder (10.9 million shares, 7.37% of shares outstanding) in NYT. Last year, I decided I didn't need a clown outfit like T. Rowe Price, who is heavily invested in a steaming turd of a media company such as NYT handling any of my investments. So I moved what I had away from TRP to another brokerage that does not exhibit such a lack of investing acumen. At this point, I'm wondering why I didn't do it sooner.

I surely couldn't blame anybody who may have any assets with T. Rowe Price if they moved them, also. ;-)