Comments on: Globe losing nearly $1m a week? http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-week/ By Dan Kennedy • The press, politics, technology, culture and other passions Thu, 09 Feb 2012 19:09:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: rozzie02131 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-week/comment-page-1/#comment-42454 rozzie02131 Sat, 15 Nov 2008 20:14:00 +0000 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-a-week/#comment-42454 ACF, I understand what you are saying. But trying to separate operating costs from real value has a lot to do with what got us into the current mess. ("Who cares what we're worth, we'll be cash-flow positive in 2 years, so give us a big loan!") The Globe is down a billion dollars in less than 2 years, and my house is down $100,000. <br/><br/>The good news for me is, I didn't take out a huge loan at my home's peak value. I hope the New York Times didn't, either, but a lot of merging newspaper companies did. That, more than any cash-flow or circulation problem, is what is destroying newspapers today. ACF, I understand what you are saying. But trying to separate operating costs from real value has a lot to do with what got us into the current mess. (“Who cares what we’re worth, we’ll be cash-flow positive in 2 years, so give us a big loan!”) The Globe is down a billion dollars in less than 2 years, and my house is down $100,000.

The good news for me is, I didn’t take out a huge loan at my home’s peak value. I hope the New York Times didn’t, either, but a lot of merging newspaper companies did. That, more than any cash-flow or circulation problem, is what is destroying newspapers today.

]]> By: acf http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-week/comment-page-1/#comment-42439 acf Sat, 15 Nov 2008 04:44:00 +0000 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-a-week/#comment-42439 Book value and net income are not the same thing. The $1 million/wk loss is net/week. They're spending more than they're taking in. Think of the $980 million figure in terms of the difference between what your house was worth 2 years ago, and what it's worth today. Book value and net income are not the same thing. The $1 million/wk loss is net/week. They’re spending more than they’re taking in. Think of the $980 million figure in terms of the difference between what your house was worth 2 years ago, and what it’s worth today.

]]> By: rozzie02131 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-week/comment-page-1/#comment-42438 rozzie02131 Sat, 15 Nov 2008 02:34:00 +0000 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-a-week/#comment-42438 According to that Boston Business Journal article, the NYT has reduced the book value of the New England newspapers by $980 million since January 2007. That's a period of 100 weeks, which sounds to me like it's losing more like $10 million a week. According to that Boston Business Journal article, the NYT has reduced the book value of the New England newspapers by $980 million since January 2007. That’s a period of 100 weeks, which sounds to me like it’s losing more like $10 million a week.

]]> By: Steve Brown http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-week/comment-page-1/#comment-42436 Steve Brown Fri, 14 Nov 2008 23:48:00 +0000 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-a-week/#comment-42436 "You're right, Mr. Thatcher. I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place... in sixty years"<br/><br/>Orson Welles as Charles Foster Kane in Citizen Kane “You’re right, Mr. Thatcher. I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I’ll have to close this place… in sixty years”

Orson Welles as Charles Foster Kane in Citizen Kane

]]> By: Rich http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-week/comment-page-1/#comment-42430 Rich Fri, 14 Nov 2008 16:53:00 +0000 http://www.dankennedy.net/2008/11/14/globe-losing-nearly-1m-a-week/#comment-42430 What do you know. Finally, some good news! What do you know. Finally, some good news!

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