“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.”
Bezos Paid a ‘Friendship Premium’ for the Washington Post
- Post author:The Freedom Watch Staff
- Post published:August 13, 2013
- Post category:Network Archives
Tags: Ash Heap Of History, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, Investment/Trends, Mainstream News, Presstitutes, Resistance, sound money, technology, The Freedom Watch
The Freedom Watch Staff
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