Boston Globe $600m stigma

Newspapers are like sports teams. They confer great status to the local worthies that own them. That’s why rich businessmen are often happy to pay more to acquire them than their earnings would normally justify. Will that be the case with the Boston Globe? The newspaper owned by the New York Times Co. is said to be coveted by former General Electric boss - and native Bostonian - Jack Welch. Welch is reported to have teamed up with Beantown advertising mogul Jack Connors and the backing support ...