Saturday, August 03, 2013

Media

Photographers launch drone to get pictures of Tina Turner's wedding.

New York Times sells Boston Globe at fantastic loss.
"After purchasing the Boston Globe in 1993 for a then-record $1.1 billion, the financially troubled New York Times just announced that it sold the 141-year-old paper to Boston Red Sox owner John Henry for a mere $70 million. That's a straight 93% loss. Figuring in two decades of inflation would only make it worse -- as does the fact that the Times retains the Globe's pension liabilities, estimated at over $100 million."
If you factor in the pensions, that's more than a 100 percent loss.

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