New story at BusinessWeek. I did a sum of the parts analysis of the New York Times Company and arrived at a troubling conclusion: The newspaper of record ain’t worth squat according to Wall Street. Why? The family stock structure worries people and investors just don’t see newspapers ever returning to glory any time soon.
What got left out of the story is even scarier. Lehman analyst Craig Huber targets the stock at $8 a share. At that price the newspaper is only valued at around $108 million. Yikes.
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