In the past 20 years, a great American newspaper has lost
96 97 percent of its value.
The New York Times bought the Boston Globe in 1993 for $1.1 billion. The Times today announced the sale of the Globe and related New England properties to John W. Henry, principal owner of the Boston Red Sox, for $70 million.
I used the Bureau of Labor Statistics’ inflation calculator to figure that $1.1 billion in 1993 is worth $1,777,540,000 today. And $70 million is less than 4 percent of that.
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From Upworthy: ORIGINAL IMAGE designed by Karina Nurdinova and inspired by a quote from Banksy, which was inspired by Sean Tejaratchi’s 1999 essay, “Death, Phones, Scissors.” There’s a bit of controversy about this quote, read about what Tejaratchi says about it here.
I originally posted about this elsewhere, emphasizing this part of the quotation:
Any advert in a public space that gives you no choice whether you see it or not is yours. It’s yours to take, rearrange and re-use. You can do whatever you like with it. Asking for permission is like asking to keep a rock someone just threw at your head.
A reader disagreed (quoted below) and so I elaborated, which is the main body of this post.
reasonreigns: This is beyond ignorant. No one forces you to look at these ads. Just because I don’t like the way someone’s face looks, does not then…
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