Say it ain’t so – Boston Globe Traded to Henry

Tough Trade – Asset purchased for $1.1 Billion and sold to John Henry for $70 million. Before you think that this is a steal…ponder this…Circulation and Ad Revenue…the two stats that mean anything are declining rapidly as the Boston F…aithful embrace digital channels. Henry would be wise to trade for some big digital hitters who can build out the digital team here and a whole new set of new digital only properties. Let’s not wax romantic about what used to be..time to field a real team that can win in the digital age. http://www.nytimes.com/2013/08/04/business/media/new-york-times-company-sells-boston-globe.html?pagewanted=2&_r=0&emc=edit_na_20130803

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