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2013-06-30 Home Front: Culture Wars
NY Times may take 90 percent haircut on sale of the Globe
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Posted by badanov 2013-06-30 00:00|| || Front Page|| [336072 views ]  Top

#1 Seems to me they would be better of "donating" the Globe to the union and saying, "Here Comrades, You are now Liberated ! You now own the means of Production ! You are no longer Slaves to the evil Master... Capitalism ! We at the NYT Salute You and Set you Free to control your own Destiny!" (no need to thank us, it is the least we could do for you.)
Posted by Au Auric 2013-06-30 00:28||   2013-06-30 00:28|| Front Page Top

#2 ... a better question : WHY is your business worth 11 times less than what it was 20 years ago?
Could it have anything to do with ideology over profits?
Posted by Mikey Hunt 2013-06-30 01:55||   2013-06-30 01:55|| Front Page Top

#3 The NYTimes bought the Globe mostly by issuing new shares of its own stock. It used the modest cash flow from the Globe to diversity.
Posted by lord garth 2013-06-30 14:14||   2013-06-30 14:14|| Front Page Top

#4 wait til ObamaCare kicks in, comrades!
Posted by Frank G 2013-06-30 14:38||   2013-06-30 14:38|| Front Page Top

#5 I'm sure it's a small fraction compared to what Slim and those like him have managed to get from government recently.
Posted by Thing From Snowy Mountain 2013-06-30 15:37||   2013-06-30 15:37|| Front Page Top

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