How the NY Times can save itself: SELL THE RED SOX
- Estimated value of their Red Sox share: $150 million
- by the company's non-news assets.
- 1. Sell the stake in the building. The New York Times recently moved into a spectacular new Times Square headquarters...
- 2. Try to sell the Boston Globe and Red Sox stake. Probably a few hundred million of value left in the Globe, at least for a while. Newspaper assets are hard to sell these days, but the Globe is a famous, valuable franchise. It might fetch $300-$400 million. (Jack Welch approached NYT about buying the Globe in October 2006. He is one of the few people who could raise the money.)
- Lehman recently estimated that the 17% stake in the Sox is worth about
- $150 million."...
- ***Not true of course, Pinchy, in the case of the Red Sox!!! They could sell that in 2 seconds to any remaining fraternity brothers of Bud Selig. (sm)
Labels: The New York Times should sell the Red Sox to save itself
Tweet Stumbleupon StumbleUpon
0 Comments:
Post a Comment
<< Home