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Economy
New York Times Sells Boston Globe At 93% Loss
2013-08-03

[BREITBART] After purchasing the Boston Globe in 1993 for a then-record $1.1 billion, the financially troubled New York Times
...which still proudly displays Walter Duranty's Pulitzer prize...
just announced it sold the 141 year-old paper to Boston Red Sox owner John Henry for a mere $70 million. That's a straight 93% loss. Figuring in two decades of inflation would only make it worse -- as does the fact the Times retains the Globe's pension liabilities, estimated at over $100 million.
Posted by:Fred

#2  Breathlessly waiting for the Gray Lady to tell us how to run the economy...
Posted by: Pappy   2013-08-03 22:41  

#1  Good lord! The NYT retained the pension liabilities???? ROFLMAO

Hope JH got the real-estate in the deal.
Posted by: AlanC   2013-08-03 15:29  

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