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Re: New York Times Company Sells Boston Globe

By: joe-taylor in FFFT | Recommend this post (0)
Sat, 03 Aug 13 3:44 PM | 84 view(s)
Boardmark this board | Food For Further Thought

Msg. 54794 of 65535
(This msg. is a reply to 54793 by clo)
Jump:

Looks like Boston got some payback from when they traded Babe Ruth to the Yankees almost one hundred years ago.

Regards,

Joe

To say that "God exists" is the greatest understatement ever made across space and time.

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The above is a reply to the following message:

New York Times Company Sells Boston Globe
By: clo in FFFT
Sat, 03 Aug 13 3:27 PM

Msg. 54793 of 65535

New York Times Company Sells Boston Globe

The New York Times Company said on Saturday that it had agreed to sell The Boston Globe and its other New England media properties to John W. Henry, principal owner of the Boston Red Sox, returning the paper to local ownership after two decades in which it struggled to stem the decline in circulation and revenue.

Eileen Murphy, a Times spokeswoman, confirmed that Mr. Henry would pay $70 million for the paper. That would represent a staggering drop in value for the Globe, which The Times bought in 1993 for $1.1 billion, the highest price paid for an American newspaper.

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