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Home Front Economy |
One share of NYT now costs less than Sunday Edition |
2009-02-18 |
Shares of NYT (NYT) dropped 29 cents today to close at $3.77. The Sunday paper goes for $4 at the newsstand. Maybe they could save costs by printing the paper on their stock certificates. heh heh |
Posted by:Frank G |
#5 Which one gives me more birdcage liner? Nah, I'd never buy either, not worth it, and I dont want my money going anywhere that nest of liberal vipers and the Sulzberg family. |
Posted by: OldSpook 2009-02-18 19:21 |
#4 The NYT is still attacking the Bush administration and especially Dick Cheney. How hard is it to report current events, or offer editorials on current events? For that matter, how hard is it for a newspaper in American to be pro-American? |
Posted by: whatadeal 2009-02-18 12:03 |
#3 The Worcester Telegram is my local paper. It is actually almost, sort of, closer to the middle of the road than the NYT or BG. It is very easy to see what are the NYT driven slants and what are the more balanced local takes on things. I would like it to return to its previous incarnation before the Globe bought it. |
Posted by: AlanC 2009-02-18 10:18 |
#2 Word up here is they wanna dump the Globe, the Worcester Telegram and their 18% share of the Red Sox. Outside of the Red Sox, good luck finding a buyer... To put that valuation in perspective, consider the following: The Times paid $1.1 billion for the Globe in 1993 and another $296 million for the T&G in 2000. Those assets are now worth roughly $192.8 million and $18 million, respectively, according to Barclays Capital analyst Craig Huber. Huber also estimated the newspaper publisherÂ’s 17.8 percent equity stake in the Red Sox and affiliated properties would fetch $150 million after taxes. That puts a market value on the Red Sox of more than $1 billion. The New York Times Co. bought the stake in New England Sports Ventures, which includes the Red Sox and other assets, in 2002 for $75 million and now has a private market value of $200 million, Huber said. |
Posted by: tu3031 2009-02-18 09:26 |
#1 I'm torn between "Sic transit gloria mundi" and "good riddance to bad rubbish". |
Posted by: g(r)omgoru 2009-02-18 07:14 |