Stunner of the day: Globe worth just $20 million?

The FT's funky Globe-Herald rumor

The beginning of the end of Fenway?

6 Comments

• Peter Porcupine said:

  I'm betting two hundred instead of twenty, but still.  Two thirds of its value.

  December 25, 2008 11:35 PM

• Cynic said:

  I found it amusing that Todd Wallack's <a href="www.boston.com/.../a> of this story for the Globe somehow dropped the discussion of the paper's valuation or potential sale from the story. Great job, Todd. That's the kind of hard-hitting journalism we all expect from the Globe.

  Maybe it's a typo, and it should read $200 million. But frankly, it's tough to see anyone ponying up a nine-figure sum with the credit markets frozen, the ad market in free-fall, and revenues plunging. Who'd finance such an acquisition?

  December 26, 2008 9:13 AM

• jfzworld said:

  NTY paid $1.1 BILLION for Globe in '93. That $20m figure in the WSJ story would mean that the paper is now worth less than 2% of what the Times paid. Almost unfathomable, even for a rotten biz like daily newspapers. Barclays estimate must be $200m. Either way, the game's over.

  December 26, 2008 9:51 AM

Leave a Comment