The Sad State of Newspapers
April 29, 2011 at 12:06 PM Leave a comment
Here’s a stunning factoid that says it all about the decline of the newspaper business:
Businessman to Offer More Than $200 Million for Boston Globe:
Aaron Kushner will make an formal offer within the next several weeks for the New England Media Group, the New York Times Co. division that includes the Boston Globe, Boston.com, the Worcester Telegram & Gazette, and Telegram.com.
In 1993, the New York Times bought the Boston Globe for $1.1 Billion.
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