Neither does he: "He would not buy a newspaper right now "at any price"
"Dispute could hurt possible sale of Globe" by Robert Gavin, Globe Staff | June 11, 2009
The latest contract dispute between The New York Times Co. and The Boston Globe's biggest union could drag on for several months, if not years, complicating the potential sale of the newspaper, according to legal and business analysts....
But the prospect of a long labor dispute could make the paper less attractive to buyers, analysts said.
It's a wonder how it could look any worse.
If the case is eventually decided in favor of the Guild, a new owner could face a huge bill for back pay and interest, said Thomas Kohler, a Boston College law professor.
"Anybody who buys it, buys it with the liabilities," Kohler said....
--more--"Related: New York Times Pimped the Boston Globe
And the "sad irony?"
"Publishing in red ink" by Steven Syre, Globe Columnist | June 2, 2009
Here's the sad irony of the GateHouse story: The newspapers buried beneath the company's debts still make a cash profit on their own. They don't make a lot of money, and the cash they generate is shrinking fast. But they are still earners....
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