The New York Times Co. will sell The Boston Globe to sports magnate John W. Henry for $70 million, a fraction of the price it paid for the paper two decades ago.
The company paid $1.1 billion for the properties. The impending sale to the owner of the Boston Red Sox is for 6.3% of the price it paid.
Print is fast becoming irrelevant. What a loss, both monetary and in tradition.
What's a newspaper?
justah step above toilet tissue, kid.