alt Hacker NewsWhy doesn't he sell while he can still get something for it? Continuing the trajectory it has been on in the last two years will mean shuddering the paper or turning it into X hoping some users will switch.
Why doesn't he sell while he can still get something for it? Continuing the trajectory it has been on in the last two years will mean shuddering the paper or turning it into X hoping some users will switch.
Newspapers just aren't worth that much. They don't make money, in general. He was losing $100m a year at WaPo.
You buy a newspaper because you're rich and you want your opinions disseminated. Not because you think you'll make money. So the number of potential buyers is really small.