{"id":978,"date":"2013-08-06T11:24:02","date_gmt":"2013-08-06T01:24:02","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=978"},"modified":"2013-08-08T14:04:00","modified_gmt":"2013-08-08T04:04:00","slug":"the-boston-globe-sold-for-negative-money","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/the-boston-globe-sold-for-negative-money\/","title":{"rendered":"The Boston Globe Sold For Negative Money"},"content":{"rendered":"<p>Speaking of newspapers being bought and sold, the weekend also saw\u00a0<a href=\"http:\/\/www.nytimes.com\/2013\/08\/04\/business\/media\/new-york-times-company-sells-boston-globe.html?_r=0\" target=\"_blank\">the Boston Globe sold to Red Sox owner John Henry<\/a>\u00a0(by owners, the New York Times Company) for a tiny fraction of what they originally paid.<\/p>\n<p><a href=\"http:\/\/www.slate.com\/blogs\/moneybox\/2013\/08\/03\/pensions_included_boston_globe_sold_for_40_billion.html\" target=\"_blank\">Matthew Yglesias from Slate comments<\/a>:<\/p>\n<blockquote><p>Like everyone else I&#8217;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&#8217;ll see that the paper actually sold for much less than $70 million. It in fact sold for a negative quantity of money.<\/p><\/blockquote>\n<p>Spoiler: pension obligations cost money. Rather a lot of money. Ouch.<\/p>\n","protected":false},"excerpt":{"rendered":"Speaking of newspapers being bought and sold, the weekend also saw\u00a0the Boston Globe sold to Red Sox owner&hellip;\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[10],"tags":[],"jetpack_publicize_connections":[],"reckoner_social_message":null,"_links":{"self":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/978"}],"collection":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/comments?post=978"}],"version-history":[{"count":0,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/posts\/978\/revisions"}],"wp:attachment":[{"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/media?parent=978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/categories?post=978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reckoner.com.au\/wp-json\/wp\/v2\/tags?post=978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}