Article

2009-02-18 Home Front Economy

One share of NYT now costs less than Sunday Edition

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Frank G 2009-02-18 07:08|| || Front Page|| [1 views ] Top

#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|| 2009-02-18 07:14|| Front Page Top

#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 publishers 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|| 2009-02-18 09:26|| Front Page Top

#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|| 2009-02-18 10:18|| Front Page Top

#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|| 2009-02-18 12:03|| Front Page Top

#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|| 2009-02-18 19:21|| Front Page Top

23:51 rammer
23:07 Flaimp Untervehr4085
23:01 Zhang Fei
22:37 Procopius2k
22:27 logi_cal
22:18 Frank G
22:11 Old Patriot
22:07 trailing wife
21:59 trailing wife
21:56 trailing wife
21:53 Old Patriot
21:51 trailing wife
21:37 Frank G
21:29 trailing wife
21:24 Snomotle Bonaparte7738
21:16 Old Patriot
21:15 trailing wife
21:15 Frank G
21:06 Besoeker
20:52 Free Radical
20:47 DMFD
20:46 Nimble Spemble
20:38 DMFD
20:33 Rambler in Virginia