This post has made my day … with a bit of bitterness.
At its charming new stock price of $12, the New York Times Company (NYT) has an enterprise value of about $2.85 billion. As BusinessWeek’s Jay Yarow notes, after you back out all the non-core stuff, that means that the New York Times itself–the paper and the digital assets–are valued at about $750 million. That’s less than half of what CBS just paid for CNET…
Link: Announcing Our Offer For The New York Times Company
- Via Silicon Alley Insider
