Does $193 million for the Globe sound right?

Published Feb 17 2009, 03:43 PM by Adam Reilly

Because that's the value of Boston's paper of record, according to the Boston Business Journal, which cites Barclays Capital analyst Craig Huber. (I'm rounding up just a skosh here.

All the more reason to think that $20 million figure the WSJ cited last December is worthless. But hold the Champagne, since the Globe originally sold for roughly six times its current worth (assuming Huber's right, obviously).

Via Universal Hub.

| More

New in the Phoenix: Howie Carr's February surprise

The end of libel as we know it?

2 Comments

Ryan said:

I don't think anyone's paying nearly $200 for a glorified Worcester Telegram. Maybe the Globe would be worth that sum had the NY Times never killed it, but they bought a decent paper and lit fire to it. I'd say maybe the paper's worth $100 million - and that's only because Boston.com gets tons of hits.

February 18, 2009 1:12 AM
jfzworld said:

Nobody who's interested in making a profit would pay $200m for a dead-ass business model. The Globe is essentially worth nothing.

February 18, 2009 8:58 AM