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Common Sense Banned In Boston
Philip M. Stone June 11, 2009 Follow on Twitter
Can you believe the New York Times Company bought the Boston Globe back in 1993 for $1.1 billion? Can you believe that just a couple of years ago former GE chairman Jack Welch was talking about paying somewhere in the region of $400 - $600 million to take the paper off the Times’ hands? And can you believe the Sulzberger family now has Goldman Sachs looking for buyers, but according to one respected analyst the paper today is not worth more than $20 million, and maybe quite a bit less?
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