Newspaper Harakiri

Posted on June 10, 2009
Filed Under Uncategorized |

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.

[From Report: Times Co. will take bids to sell Globe]

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