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