JLF Triangle Blog

Will newspaper companies soon be for sale at The Dollar Store?

The New York Times Co. is selling 16 of its regional newspapers for $143 million. That might seem like a lot, but consider this: The Herald-Sun in Durham, where I was managing editor until Jan. 2005, sold to Paxton Media in Dec. 2004 for a price reported to have been in the neighborhood of $120 million.

At the time of its sale, The Herald-Sun had a circulation in the 50,000 range. The Sarasota Herald-Tribune, just one of the 16 papers the NYT Co. is attempting to dump, has a circulation of 110,000. The average circulation of the 16 papers is 27,000, and the average selling price is $8.9 million per newspaper.

The Herald-Sun sale came out to $2.4 million per thousand of circulation. The Times Co. sale, if it goes through, is at a mere fraction of that, $333,000 per thousand.

And newspaper values probably haven’t reached the bottom yet.

One Response to “Will newspaper companies soon be for sale at The Dollar Store?”

  • Dec

    For a while, I have had this fantasy where a few conservatives put their money together, but the New York Times, and start running it properly.

    Print isn’t dead… shilling for socialists is.

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