In response to a report that the NYTimes has hired Goldman to solicit bids for the Boston Globe, here’s what one analyst had to say… which I submit as a viable contender for understatement of the year.
“We’re skeptical about the number of bidders who would try to purchase an entity that doesn’t make any money and doesn’t have a labor base that appears willing to try to get it toward being profitable,” Simonton said.
More on this topic
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The Short of It – A Few Thoughts About the Developing Goldman Sachs Stolen Trade Secrets Scandal
(the Underground Investor, 7/6/09)
The Goldman Sachs Oligarchy
(Wealth Daily, 7/16/09)
Goldman Sachs is in the Catbird Seat
(Wealth Daily, 7/17/09)
Boston Globe May Be Latest Victim of Ad Slump as Union Votes Against Concessions
(Money Morning, 6/9/09)