Boston Globe sells for $70 million

The NYT sold the Boston Globe to the owner of the Boston Red Sox for $70 million.

1. Manny Ramirez had an 8-year contract worth $160 million with the Boston Red Sox.

2. The highest paid actor in 2013 is Robert Downey Jr who earned $75 million.

3. HootSuite, a Twitter and Facebook utility, raised $165 million in its Series B round.

4. RockMelt, widely viewed as a failed software company, sold to Yahoo for between $60 and $70 million.

$70 million was an incredibly good price for the Globe. Media properties are worth a lot. For example, according to Forbes, the Red Sox are worth $1.3 billion.

Posted: Sat, 03 Aug 2013 18:12:17 GMT