I think most of them are in the red. He obviously wants more influence in an American news outlet, but to what end is anybody’s guess.
......u know I have not seen the NYT’s balance sheet but let’s assume the building they occupy is owned by the Operating Company not some separate closely held company that they lease from.
So, if you assume the building is on the balance sheet, and they have a negative net worth even including the value of the building then they really do have zero equity and the Newspaper, like Newsweek, is worth about a dollar to somebody like this Mexican Investor.