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Should the NY Times sell its stake in the Red Sox?

Discussion in 'Journalism topics only' started by 2muchcoffeeman, Dec 19, 2008.

  1. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    http://www.reuters.com/article/ousiv/idUSTRE4BG6TA20081217?sp=true

    Two hundred million dollars ... how far could that go?
     
    2muchcoffeeman, Dec 19, 2008
    #1
  2. crusoes

    crusoes Active Member

    Not very far. Newspapers are into cutting costs, not covering them.
     
    crusoes, Dec 19, 2008
    #2
  3. Stitch

    Stitch Active Member

    It would help in the short-term but $200 million wouldn't help in any subsequent years.
     
    Stitch, Dec 19, 2008
    #3
  4. wicked

    wicked Well-Known Member

    Well, if the Globe is losing $50 million a year, it leaves them with little choice.

    http://www.bizjournals.com/boston/stories/2008/11/10/daily40.html
     
    wicked, Dec 19, 2008
    #4
  5. jgmacg

    jgmacg Guest

    The NYT has a substantial payment due on its debt in the next couple of quarters. This sale would help cover it.
     
    jgmacg, Dec 19, 2008
    #5
  6. Hambone

    Hambone Member

    Yes. Boston sucks.
     
    Hambone, Dec 20, 2008
    #6
  7. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    NYT execs have decided the correct answer is yes.

    http://www.nytimes.com/2008/12/25/business/media/25times.html?_r=2&ref=sports
     
    2muchcoffeeman, Dec 26, 2008
    #7
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