Boston Globe sells for $70 million. Not much compared to…

The NYT sold the Boston Globe to the owner of the Boston Red Sox for $70 million.

  • Manny Ramirez had an 8-year contract worth $160 million with the Boston Red Sox.
  • The highest paid actor in 2013 is Robert Downey Jr who earned $75 million.
  • HootSuite, a Twitter and Facebook utility, raised $165 million in its Series B round.
  • RockMelt, widely viewed as a failed software company, sold to Yahoo for between $60 and $70 million.

$70 million was an incredibly good price for the Globe. Media properties are worth a lot. For example, according to Forbes, the Red Sox are worth $1.3 billion.

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About Dave Winer

Dave Winer, 54, pioneered the development of weblogs, syndication (RSS), podcasting, outlining, and web content management software; former contributing editor at Wired Magazine, research fellow at Harvard Law School, entrepreneur, and investor in web media companies. A native New Yorker, he received a Master's in Computer Science from the University of Wisconsin, a Bachelor's in Mathematics from Tulane University and currently lives in Berkeley, California.
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