The Top 40

My mother always told me,"Don't gloat."

My father would say to me later,"But shit-eating grins are OK".

The New York Times invested in the Boston Globe about ten years ago, this was shortly after my personal decision to stop continuing a forty year habit of buying a daily Globe. The NYT spent 1.1 Billion dollars on the purchase, yesterday they sold everything for 70 million dollars to the owner of the Red Sox. Except for the Pension Liabilities, which John Henry wouldn't accept, and which are still owed by NYT. Cost: 110 million.

I wonder how much money the New York Times would have made if ten years ago they had invested in FOX NEWS?
;-}

I recall when my parents commented snidely on two acquaintences of theirs, neither of whom they particularly liked, meeting and getting married:
"Well at least they found each other, so they won't be messing up anyone else's life."

Alas, their acquaintences found a way to anyway, and I suspect these two "newlyweds" will also.

Bezos over paid. The NYTimes sold the Globe for 75M$ but they assumed a 110M$ pension liability which made the price -35M$. Why should Bezos pay more than that for the WaPo?

Something I noticed a long time ago, when it is election season Rush's ratings go up. When there isn't an election Rush's ratings go down. This makes sense.
However in Rush's off season, when there isn't an election around the corner the liberals get their panties moist and giggle with glee that Rush's ratings are falling. While true it is only a temporary "sick of politics" phase of the cycle.
When it is election season and Rush's ratings start climbing again the conservatives get hard-ons and say, "Rush's ratings keep going up and up!" Also true, but just the other end of the cycle. Both are part of the cycle, both are temporary.