What's the Globe Really Worth?

Some say Times Co. should pay to dump it
By Matt Cantor,  Newser User
Posted Jun 15, 2009 11:37 AM CDT
A worker vacuums the front doorway of The Boston Globe building in the Dorchester neighborhood of Boston, Monday June 8, 2009.    (AP Photo/Charles Krupa)
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(Newser) – With the New York Times Co. said to be looking for a Boston Globe buyer, David Carr polled experts to see what the paper might be worth—a question, he writes in the Times, that reaches beyond the Globe itself as the newspaper industry struggles. Carr got quite a range of answers, “everything from $250 million to 'we pay you to take this off our hands.'"

  • The paper’s “influence” and “brand name” help put its value at $250 million.
  • Globe assets are worth $75million to $100 million, but “someone who values the prestige and prospects might kick in $50 million to $100 million more.”
  • With a $40 million “cash burn pace,” the Times would have to pay a “buyer” $20 million to $40 million to “sever their ties.”
  • “A buck” would cover the real price, a “gentleman’s agreement” to take a “headache off your hands."