August 3, 2013

KEEP THIS IN MIND WHEN THEY OPINE ON THE ECONOMY: New York Times Sells Boston Globe For $70 Million; Bought It For $1.1 Billion. And maybe it’s just me, but this bit — “in recent years, the Times Company has been divesting itself of its noncore assets to focus on developing its primary brand, The New York Times” — sounds a bit like “their appeal is becoming more selective.”

The Globe went for less than a Red Sox outfielder.

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