Peter Kafka

@pkafka ↗

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Last Checked Feb. 3, 2022

Created

Thu Jan 06 20:56:15 +0000 2022

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Peter Kafka @pkafka

Past performance doesn’t predict future etc. But, a reminder: *NYT bought Boston Globe for $1.1 billion. Sold for $70 million. *NYT bought https://t.co/KEBEck8MKr for $410 million. Sold for $300 million. — PolitiTweet.org

The logic, and risk, behind the $550 million NYT/Athletic Deal https://t.co/SK9qIh7629

Posted Jan. 6, 2022

Preceded By

Peter Kafka @pkafka

Downside: Athletic burns $$$ and needed a buyer or an investor - which is why deal is the same valuation as their last funding round. And $500 per subscriber is not cheap for the NYT. Needs to feel very confident they can boost Athletic’s numbers/reduce cost. — PolitiTweet.org

Posted Jan. 6, 2022

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Peter Kafka @pkafka

(About, btw, is now DotDash, is owned by Barry Diller and owns most of what used to be called Time Inc.) — PolitiTweet.org

Posted Jan. 6, 2022