Slog
News & ArtsMonday, May 4, 2009
Media One Of the Country's Great Newspapers...
Posted by Dan Savage on Mon, May 4, 2009 at 10:27 AM
...may be about to close one of the country's great newspapers, as ECB noted in Morning News. This is the detail that blows my mind:
The company paid $1.1 billion for The Globe in 1993, the highest price ever paid for a single American newspaper, and it was highly profitable through that decade.
From $1.1 billion to essentially worthless in 16 years.
1
The Stranger will go under within a year. Keep up the faggy buttfuck stuff and wimpy white-guilt liberal stuff though!
2
Gah! That would be brutal, if the Globe were to close. Boston being a one-paper town is one thing; the Herald being that paper is another, unimaginable, thing altogether.
3
Good point. Sadly, at least so far, the paper that's gone under in both Denver and Seattle has been the better one. It makes no sense to me.
4
@1: The Stranger won't go under with other newspapers because the Stranger is not a newspaper. It's the newsletter of a community development organization. (And people who accuse the Stranger of conflicts of interest in its promotions are missing the point.)
6
And the NYT expects anyone to place any credence in what it thinks about business in America?
That's a good one!
That's a good one!
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