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That's not what the article says. >That's because the terms under which John Henry is buying the paper stick the New York Times Company with the Globe's pensio
by jthol 13y ago
That's not what the article says.
>That's because the terms under which John Henry is buying the paper stick the New York Times Company with the Globe's pension obligations, which are said to amount to around $110 million. Which is to say that the worth of the overall Globe enterprise is negative $40 million, not $70 million.
emphasis added
- pbreit 13y agoNotice that your emphasized words clearly state that the NYT (the seller) will pay the pensions, not the Globe's new buyer. So the article is correct.