Don Bauder 4:30 p.m., Dec. 9
U-T "Deeply Mediocre," Says Columnist Discussing Globe
Is the Boston Globe worth $250 million, or should its owner, the New York Times, pay someone up to $40 million to take the newspaper off its hands? That's how wide the spread is in a David Carr column in today's (June 15) New York Times. (Talk about biting the hand that feeds you!) Carr asked a number of experts what the Globe was worth. The high was $250 million, and several said it was worth zero or less than that. One said the Times should pay $20 million to $40 million for a buyer to take the money-losing New England paper. Ken Doctor, a newspaper analyst, bluntly states in today's Washington Post, and also in Carr's column, that the value is "a buck." The buyer would be taking a liability, headache and a distraction off the New York Times's hands, he says Doctor points out that the most recent sale of a newspaper was of the U-T, "a deeply-mediocre newspaper in a widely monied metro area" that was once coveted by newspaper chains. Doctor, like The Reader, believes the U-T went for $50 million.