ink-stained wretches

Big-City Newspapers Actually Pretty Affordable Now

Pedestrians pass in front of the New York Times Co. building in New York, U.S., on Wednesday, April 27, 2011. New York Times Co., publisher of the namesake newspaper, said more than 100,000 people signed up for new digital subscriptions, a sign online revenue may help offset a decline in print advertising and circulation. Photographer: Michael Nagle/Bloomberg via Getty Images
Photo: Bloomberg/2011 Bloomberg

In 1993, the New York Times Company bought the Boston Globe for $1.1 billion. In the early aughts, the Globe was still valued at around $1 billion, when was included. And in 2011, someone offered $300 million for the paper, although with less cash up front. Today, with the Times taking bids once again, they’ll likely settle for about $100 million, Bloomberg reports, or a tenth of what it paid.

Boston Globe Bids Top Out Around $100 Million