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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (730966)	8/5/2013 10:54:58 AM
From: one_less	Read Replies (2) of 1575626

Why do you think the NYTs has to eat such a massive loss? The Boston Globe newspaper has been sold by its owner, the New York Times Company, for $70 million in cash to investor John W. Henry. Included in the deal were the Times’s stakes in two other smaller papers, the Worcester Telegram & Gazette and Metro Boston, a free tabloid. The Times had purchased the Globe company in 1993 for $1.1 billion. Adjusted for inflation, the New England Media Group operation sold for just under 4 percent of the original sale price. The all-cash deal did not include an assumption of the company’s pension debts of about $110 million which will remain with the Times Company. Read more: http://newsbusters.org/blogs/matthew-sheffield/2013/08/03/boston-globe-sold-new-york-times-massive-loss#ixzz2b6fr2XKc

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