Comments on: Tough times for the Boston Globe http://www.bostonreb.com/2008/12/tough-times-for-the-boston-globe/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: John Keith http://www.bostonreb.com/2008/12/tough-times-for-the-boston-globe/comment-page-1/#comment-2369 John Keith Thu, 25 Dec 2008 22:34:28 +0000 http://www.bostonreb.com/?p=12170#comment-2369 The Globe leaves out some of the most interesting parts! From the Wall Street Journal by way of Reuters by way of The New York Times: <i>NEW YORK (Reuters) - The New York Times Co is trying to sell its stake in the holding company of the Boston Red Sox baseball team, The Wall Street Journal reported on Wednesday, citing people familiar with the discussions. The Times previously refused to sell the Globe after former General Electric Co Chief Executive Jack Welch and former advertising executive Jack Connors reportedly asked about the possibility. At the time, they valued the Pulitzer prize-winning newspaper at $550 million to $600 million, the Journal said. Barclays now values the Globe at about $20 million.</i> That is amazing. Wasn't the Welch offer just last year? The value has gone down from over half a billion dollars ... to $20 million??? The Times should shut down the Globe and become a sports franchise!! Joking! The Globe leaves out some of the most interesting parts!

From the Wall Street Journal by way of Reuters by way of The New York Times:

NEW YORK (Reuters) – The New York Times Co is trying to sell its stake in the holding company of the Boston Red Sox baseball team, The Wall Street Journal reported on Wednesday, citing people familiar with the discussions.

The Times previously refused to sell the Globe after former General Electric Co Chief Executive Jack Welch and former advertising executive Jack Connors reportedly asked about the possibility. At the time, they valued the Pulitzer prize-winning newspaper at $550 million to $600 million, the Journal said. Barclays now values the Globe at about $20 million.

That is amazing. Wasn’t the Welch offer just last year? The value has gone down from over half a billion dollars … to $20 million???

The Times should shut down the Globe and become a sports franchise!!

Joking!

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