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The New York Times Company Message Board

  • buyguy94 buyguy94 Aug 27, 2012 8:58 PM Flag

    Selling About.com

    New York Times paid 410 million for About.com and is selling it for 300 million. No worry though, they will be borrowing 200 million from China and netting a 90 million gain.

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    • Whatever. This board is much to unsubstantial. Loss or not, NYT is now an excellent stock. It got some money, even if less than they have paid for, but they are actively looking at growth opportunities and asset wise are almost above stock price. What s not like with stock which has a solid base? Once they get their advertisement revenue stream right they re ready to fly. Dont forget: NYT ade it from 5USD to 10 in now time.

      • 2 Replies to nekkochat
      • Oh oh, gotta start paying China back. Beginning 1 Sep the 2% highest paid employees will be required to pay a 100% internal tax on income. If this does not provide enough cash (and we know it will not) lesser paid employees will be required to do their part to keep the elitist scow afloat.

        Whatever - it takes

      • Oh oh, gotta start paying China back. Beginning 1 Sep the 2% highest paid employees will be required to pay a 100% internal tax on income. If this does not provide enough cash (and we know it will not) lesser paid employees will be required to do their part to keep the elitist scow afloat.

        Whatever - it takes

 
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