Friday, June 02, 2017

And Now For More Boston Globe Bashing - LIV

Or, file this under Baked Goods:

Sale price of High Times Magazine, today - $70 million.

Purchase price of the Boston Globe, August 5, 2013 - $70 million.

And my contention still holds - John Henry bought real estate, not a newspaper. The newspaper is now on life support.

Basic math as well as intuition will tell you the Boston Globe is, in more than one sense, worthless. How the mighty have fallen...

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