What's the cost of daily local print news? Not quite $10 million if the recent sale of the Hendersonville Times-News from New York Times to Halifax Media is any indication. Here's the gist from FlaglerLive.com.
It’s a clearance sale of historic proportion signaling how low the value of daily newspapers is sinking: The Daytona Beach News-Journal’s Halifax Media on Thursday bought the 16 newspapers that formed the New York Times Regional Group for $143 million in cash. Each title went for barely $9 million, less than half the $20 million Halifax Media paid for the Daytona Beach News-Journal alone when it acquired that paper in April 2010–at discount from the $300 million price originally set by a federal judge in 2006.Read the full article
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