“The founder of Amazon.com Inc. (AMZN) plunked down $250 million for the Post newspaper division, about 17 times adjusted profit, according to data compiled by Bloomberg. That multiple implies a valuation for the New York Times of about $4 billion — more than double its current market value. The value of newspapers has been cratering since Rupert Murdoch paid $5.2 billion for Wall Street Journal parent Dow Jones & Co. six years ago. The New York Times, the last major U.S. family-owned newspaper, has seen its market value fall 50 percent to $1.8 billion as print advertising dropped and readers migrated to the Internet for news.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
First 50 South African farming families to resettle in Russia due to land confiscation
Scientists used modified T-cells to wipe out childhood leukemia in a little girl
Mandela 'received weapons training from Mossad agents in 1962'
French mother jailed for sending son to school in ‘I am a bomb’ shirt
South Korea's $4 Million Teacher
Real estate broker: 'We accept bitcoins'
Amazon-owned Whole Foods 'temporarily' halts GMO labeling program
CNN Broadcasts Zimmerman Social Security Number
Women in combat: Will they have to register for the draft?
Nobel Prize winner warns of US stock market bubble
Why Obama Can't Just Uncancel All Those Insurance Plans
Hit us with your best shot, Andy!
How Wall Street Lawyer Turned Insider Trader Eluded FBI
Lead investigator in Oscar Pistorius case is himself facing attempted murder charges
Latin America demands answers from U.S. on spying