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26 Jun 2009 17:41

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Biz: For sale: Former gem of a newspaper, based in Boston. Loses lots of $$$

  • $123 million Assets of the Boston Globe, which the New York Times company is trying to sell quickly, along with (possibly) a second paper
  • $182 million Amount of debt obligations the Globe has – a liability of $58 million. The NYT company recently cut salaries 23%, BTW. source