Speaking of newspapers being bought and sold, the weekend also saw the Boston Globe sold to Red Sox owner John Henry (by owners, the New York Times Company) for a tiny fraction of what they originally paid.
Matthew Yglesias from Slate comments:
Like everyone else I’ve seen the headlines remarking on the fact that a New York Times Company which bought The Boston Globe for over a billion dollars is selling it this weekend for just $70 million. But if you read the body text of those articles you’ll see that the paper actually sold for much less than $70 million. It in fact sold for a negative quantity of money.
Spoiler: pension obligations cost money. Rather a lot of money. Ouch.